DuPont de Nemours (NYSE:DD) Upgraded to Overweight by Wells Fargo & Company

DuPont de Nemours (NYSE:DD) was upgraded by Wells Fargo & Company from an “equal weight” rating to an “overweight” rating in a report issued on Friday, Briefing.com reports. The brokerage currently has a $103.00 price target on the basic materials company’s stock, up from their previous price target of $80.00. Wells Fargo & Company‘s target price suggests a potential upside of 30.49% from the company’s current price.

Several other research firms have also commented on DD. Mizuho increased their price objective on shares of DuPont de Nemours from $83.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday. Wolfe Research initiated coverage on shares of DuPont de Nemours in a research report on Friday, March 1st. They set a “peer perform” rating for the company. Royal Bank of Canada increased their target price on shares of DuPont de Nemours from $75.00 to $83.00 and gave the company an “outperform” rating in a research report on Wednesday, February 7th. TheStreet downgraded shares of DuPont de Nemours from a “b-” rating to a “c” rating in a research report on Tuesday, February 6th. Finally, Barclays increased their target price on shares of DuPont de Nemours from $70.00 to $81.00 and gave the company an “equal weight” rating in a research report on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $88.50.

DuPont de Nemours Stock Performance

Shares of DD opened at $78.94 on Friday. The company has a current ratio of 2.33, a quick ratio of 1.61 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $33.00 billion, a P/E ratio of 96.26, a price-to-earnings-growth ratio of 2.26 and a beta of 1.39. The firm’s fifty day simple moving average is $76.17 and its two-hundred day simple moving average is $72.78. DuPont de Nemours has a 12 month low of $61.14 and a 12 month high of $80.46.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.14. The business had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.81 billion. DuPont de Nemours had a net margin of 2.75% and a return on equity of 6.07%. The business’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.84 earnings per share. As a group, analysts predict that DuPont de Nemours will post 3.64 EPS for the current year.

Insider Activity

In other news, insider Leland Weaver sold 18,500 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $78.40, for a total transaction of $1,450,400.00. Following the sale, the insider now owns 24,476 shares in the company, valued at approximately $1,918,918.40. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, insider Michael G. Goss sold 1,339 shares of DuPont de Nemours stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $78.33, for a total value of $104,883.87. Following the transaction, the insider now owns 14,012 shares in the company, valued at approximately $1,097,559.96. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Leland Weaver sold 18,500 shares of DuPont de Nemours stock in a transaction on Monday, May 6th. The stock was sold at an average price of $78.40, for a total transaction of $1,450,400.00. Following the completion of the transaction, the insider now owns 24,476 shares in the company, valued at approximately $1,918,918.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,193 shares of company stock worth $1,726,655. 0.56% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On DuPont de Nemours

Large investors have recently added to or reduced their stakes in the company. Northwest Financial Advisors bought a new stake in DuPont de Nemours in the 4th quarter worth $25,000. Palisade Asset Management LLC bought a new stake in DuPont de Nemours in the 1st quarter worth $25,000. ESL Trust Services LLC bought a new stake in DuPont de Nemours in the 1st quarter worth $26,000. LifeSteps Financial Inc. bought a new stake in DuPont de Nemours in the 1st quarter worth $28,000. Finally, Byrne Asset Management LLC bought a new stake in shares of DuPont de Nemours during the 1st quarter valued at about $33,000. Institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Company Profile

DuPont de Nemours, Inc provides technology-based materials and solutions in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through Electronics & Industrial, Water & Protection, and Corporate & Other segments. The Electronics & Industrial segment supplies materials and solutions for the fabrication of semiconductors and integrated circuits.