DuPont de Nemours (NYSE:DD) Price Target Increased to $94.00 by Analysts at Morgan Stanley

DuPont de Nemours (NYSE:DD) had its target price increased by Morgan Stanley from $88.00 to $94.00 in a research report issued on Monday, Benzinga reports. The brokerage currently has an “equal weight” rating on the basic materials company’s stock. Morgan Stanley’s price objective indicates a potential upside of 10.56% from the stock’s previous close.

Several other equities analysts have also recently weighed in on DD. Barclays cut DuPont de Nemours from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $88.00 to $84.00 in a report on Monday, October 7th. Deutsche Bank Aktiengesellschaft upped their price objective on DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Royal Bank of Canada raised their target price on shares of DuPont de Nemours from $87.00 to $102.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Finally, Citigroup lowered their price objective on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a research note on Friday, July 12th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, DuPont de Nemours currently has a consensus rating of “Moderate Buy” and an average price target of $94.83.

DuPont de Nemours Price Performance

DD stock opened at $85.02 on Monday. The stock has a 50-day moving average price of $83.34 and a two-hundred day moving average price of $80.34. The stock has a market cap of $35.55 billion, a PE ratio of 103.68, a price-to-earnings-growth ratio of 2.26 and a beta of 1.34. The company has a current ratio of 2.21, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30. DuPont de Nemours has a 1 year low of $61.14 and a 1 year high of $90.06.

DuPont de Nemours (NYSE:DD) last released its earnings results on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.12. The firm had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.05 billion. DuPont de Nemours had a return on equity of 6.31% and a net margin of 5.30%. The company’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.85 EPS. Equities analysts forecast that DuPont de Nemours will post 3.76 EPS for the current fiscal year.

Institutional Investors Weigh In On DuPont de Nemours

A number of institutional investors have recently modified their holdings of DD. Mediolanum International Funds Ltd bought a new stake in DuPont de Nemours in the first quarter worth approximately $2,842,000. Sequoia Financial Advisors LLC lifted its position in shares of DuPont de Nemours by 236.8% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 40,612 shares of the basic materials company’s stock valued at $3,269,000 after acquiring an additional 28,553 shares during the period. State Board of Administration of Florida Retirement System boosted its stake in DuPont de Nemours by 9.9% during the first quarter. State Board of Administration of Florida Retirement System now owns 598,483 shares of the basic materials company’s stock worth $42,953,000 after acquiring an additional 53,694 shares in the last quarter. Canandaigua National Bank & Trust Co. acquired a new stake in DuPont de Nemours in the second quarter worth $1,610,000. Finally, Cetera Investment Advisers increased its stake in DuPont de Nemours by 186.5% in the first quarter. Cetera Investment Advisers now owns 87,364 shares of the basic materials company’s stock valued at $6,698,000 after purchasing an additional 56,870 shares in the last quarter. 73.96% of the stock is owned by institutional investors.

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.