Mizuho Increases DuPont de Nemours (NYSE:DD) Price Target to $100.00

DuPont de Nemours (NYSE:DD) had its price objective lifted by investment analysts at Mizuho from $83.00 to $100.00 in a research report issued on Thursday, Benzinga reports. The firm currently has a “buy” rating on the basic materials company’s stock. Mizuho’s price target would suggest a potential upside of 27.28% from the company’s current price.

Several other brokerages have also commented on DD. Citigroup upped their price objective on shares of DuPont de Nemours from $73.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday, April 10th. Royal Bank of Canada lifted their price objective on DuPont de Nemours from $75.00 to $83.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. JPMorgan Chase & Co. increased their target price on DuPont de Nemours from $85.00 to $88.00 and gave the stock an “overweight” rating in a research note on Thursday, May 2nd. Barclays boosted their price target on shares of DuPont de Nemours from $70.00 to $81.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 2nd. Finally, BMO Capital Markets cut shares of DuPont de Nemours from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $80.00 to $72.00 in a report on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $83.80.

DuPont de Nemours Stock Performance

NYSE:DD opened at $78.57 on Thursday. The company’s 50-day moving average is $76.07 and its two-hundred day moving average is $72.74. The firm has a market capitalization of $32.85 billion, a price-to-earnings ratio of 95.82, a PEG ratio of 2.29 and a beta of 1.39. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.33 and a quick ratio of 1.61. DuPont de Nemours has a 1-year low of $61.14 and a 1-year high of $80.41.

DuPont de Nemours (NYSE:DD) last posted its 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 company had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.81 billion. DuPont de Nemours had a return on equity of 6.07% and a net margin of 2.75%. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.84 earnings per share. Analysts forecast that DuPont de Nemours will post 3.64 EPS for the current year.

Insider Activity at DuPont de Nemours

In other DuPont de Nemours news, insider Leland Weaver sold 18,500 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $78.40, for a total value of $1,450,400.00. Following the completion of the sale, the insider now owns 24,476 shares in the company, valued at $1,918,918.40. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, insider Leland Weaver sold 18,500 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $78.40, for a total value of $1,450,400.00. Following the transaction, the insider now owns 24,476 shares in the company, valued at approximately $1,918,918.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael G. Goss sold 1,339 shares of the stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $78.33, for a total value of $104,883.87. Following the sale, the insider now directly owns 14,012 shares of the company’s stock, valued at $1,097,559.96. The disclosure for this sale can be found here. Insiders have sold 22,193 shares of company stock valued at $1,726,655 in the last ninety days. Insiders own 0.56% of the company’s stock.

Hedge Funds Weigh In On DuPont de Nemours

A number of large investors have recently bought and sold shares of DD. Private Advisor Group LLC grew its stake in shares of DuPont de Nemours by 3.7% during the 3rd quarter. Private Advisor Group LLC now owns 60,212 shares of the basic materials company’s stock worth $4,491,000 after purchasing an additional 2,161 shares during the period. Larson Financial Group LLC grew its position in DuPont de Nemours by 313.2% during the third quarter. Larson Financial Group LLC now owns 905 shares of the basic materials company’s stock worth $67,000 after buying an additional 686 shares during the period. Corient Private Wealth LLC boosted its stake in shares of DuPont de Nemours by 0.3% during the 3rd quarter. Corient Private Wealth LLC now owns 265,473 shares of the basic materials company’s stock worth $19,802,000 after acquiring an additional 724 shares in the last quarter. Signaturefd LLC grew its holdings in shares of DuPont de Nemours by 8.6% in the 3rd quarter. Signaturefd LLC now owns 6,533 shares of the basic materials company’s stock worth $487,000 after acquiring an additional 519 shares during the period. Finally, Syon Capital LLC purchased a new position in DuPont de Nemours in the 3rd quarter valued at approximately $562,000. 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.