DuPont de Nemours (NYSE:DD) Price Target Cut to $76.00 by Analysts at JPMorgan Chase & Co.

DuPont de Nemours (NYSE:DD) had its price target lowered by equities research analysts at JPMorgan Chase & Co. from $101.00 to $76.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the basic materials company’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 32.88% from the company’s previous close.

A number of other equities research analysts also recently weighed in on DD. BMO Capital Markets raised their price target on DuPont de Nemours from $105.00 to $112.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Barclays upgraded shares of DuPont de Nemours from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $85.00 to $89.00 in a research note on Thursday, February 13th. Wolfe Research upgraded shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price target on the stock in a research note on Friday, January 17th. Royal Bank of Canada cut their price target on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. Finally, UBS Group upped their price objective on shares of DuPont de Nemours from $102.00 to $103.00 and gave the stock a “buy” rating in a report on Tuesday, February 25th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $97.08.

DuPont de Nemours Stock Down 1.0 %

Shares of DD traded down $0.59 during trading hours on Tuesday, reaching $57.19. The company’s stock had a trading volume of 1,947,798 shares, compared to its average volume of 2,297,087. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.22. The firm has a market cap of $23.91 billion, a price-to-earnings ratio of 34.33, a P/E/G ratio of 2.15 and a beta of 1.25. The company has a 50 day moving average of $77.33 and a two-hundred day moving average of $80.17. DuPont de Nemours has a 1-year low of $54.32 and a 1-year high of $90.06.

DuPont de Nemours (NYSE:DD) last issued its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.15. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. As a group, research analysts predict that DuPont de Nemours will post 4.38 EPS for the current fiscal year.

Institutional Investors Weigh In On DuPont de Nemours

Hedge funds and other institutional investors have recently modified their holdings of the stock. United Bank raised its position in shares of DuPont de Nemours by 2.7% during the third quarter. United Bank now owns 11,015 shares of the basic materials company’s stock valued at $982,000 after buying an additional 290 shares during the last quarter. Quantinno Capital Management LP increased its stake in DuPont de Nemours by 47.9% during the third quarter. Quantinno Capital Management LP now owns 33,591 shares of the basic materials company’s stock valued at $2,993,000 after acquiring an additional 10,886 shares during the period. Stifel Financial Corp raised its holdings in DuPont de Nemours by 2.4% in the 3rd quarter. Stifel Financial Corp now owns 245,763 shares of the basic materials company’s stock valued at $21,900,000 after acquiring an additional 5,655 shares in the last quarter. EP Wealth Advisors LLC lifted its position in shares of DuPont de Nemours by 61.6% in the 3rd quarter. EP Wealth Advisors LLC now owns 14,799 shares of the basic materials company’s stock worth $1,319,000 after acquiring an additional 5,642 shares during the period. Finally, MML Investors Services LLC grew its holdings in shares of DuPont de Nemours by 73.4% during the 3rd quarter. MML Investors Services LLC now owns 84,394 shares of the basic materials company’s stock worth $7,520,000 after purchasing an additional 35,710 shares in the last quarter. Institutional investors and hedge funds 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.