DuPont de Nemours (NYSE:DD) Price Target Lowered to $92.00 at Citigroup

DuPont de Nemours (NYSE:DD) had its price target dropped by equities research analysts at Citigroup from $98.00 to $92.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the basic materials company’s stock. Citigroup’s price objective suggests a potential upside of 14.76% from the stock’s current price.

Several other research firms also recently commented on DD. StockNews.com downgraded shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a report on Tuesday, December 10th. Morgan Stanley lifted their target price on DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. Wells Fargo & Company increased their price target on DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Royal Bank of Canada raised their price target on shares of DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, Barclays increased their target price on shares of DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.25.

DuPont de Nemours Stock Performance

Shares of NYSE:DD traded up $0.04 during midday trading on Wednesday, hitting $80.17. The company had a trading volume of 92,348 shares, compared to its average volume of 2,432,266. DuPont de Nemours has a 12-month low of $61.14 and a 12-month high of $90.06. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.28 and a quick ratio of 1.49. The company has a market cap of $33.51 billion, a price-to-earnings ratio of 42.19, a PEG ratio of 1.97 and a beta of 1.34. The company has a fifty day moving average of $83.50 and a two-hundred day moving average of $82.10.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $1.18 EPS for the quarter, beating the consensus estimate of $1.03 by $0.15. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. The firm had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.20 billion. During the same period last year, the firm earned $0.92 EPS. The company’s revenue was up 4.4% on a year-over-year basis. On average, equities research analysts expect that DuPont de Nemours will post 3.89 EPS for the current fiscal year.

Institutional Trading of DuPont de Nemours

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Denver PWM LLC acquired a new stake in DuPont de Nemours in the 2nd quarter valued at about $28,000. Strategic Investment Solutions Inc. IL purchased a new position in DuPont de Nemours during the second quarter worth approximately $27,000. Ashton Thomas Securities LLC acquired a new position in DuPont de Nemours during the third quarter worth $38,000. FSA Wealth Management LLC purchased a new stake in DuPont de Nemours in the 3rd quarter valued at $39,000. Finally, Quarry LP acquired a new stake in shares of DuPont de Nemours in the 2nd quarter worth $37,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

About DuPont de Nemours

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.