BMO Capital Markets Cuts DuPont de Nemours (NYSE:DD) Price Target to $50.00

DuPont de Nemours (NYSE:DD) had its price objective reduced by BMO Capital Markets from $104.00 to $50.00 in a report published on Monday morning,Benzinga reports. They currently have an outperform rating on the basic materials company’s stock.

DD has been the subject of a number of other research reports. Mizuho upped their price target on DuPont de Nemours from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 15th. KeyCorp increased their price target on DuPont de Nemours from $92.00 to $93.00 and gave the company an “overweight” rating in a research note on Monday, September 22nd. Royal Bank Of Canada raised their price objective on DuPont de Nemours from $94.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. Wells Fargo & Company raised their price target on DuPont de Nemours from $81.00 to $90.00 and gave the stock an “overweight” rating in a research note on Monday, July 14th. Finally, JPMorgan Chase & Co. raised their price objective on DuPont de Nemours from $99.00 to $104.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. Nine equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $77.08.

DuPont de Nemours Price Performance

DD opened at $39.61 on Monday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.94 and a current ratio of 1.41. DuPont de Nemours has a 52-week low of $22.50 and a 52-week high of $39.86. The stock has a market capitalization of $16.59 billion, a PE ratio of -84.28, a price-to-earnings-growth ratio of 2.49 and a beta of 1.08. The stock’s 50 day moving average price is $75.83 and its 200-day moving average price is $72.24.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings results on Monday, July 11th. The basic materials company reported $0.69 earnings per share for the quarter. The company had revenue of $3.02 billion for the quarter. DuPont de Nemours had a positive return on equity of 7.85% and a negative net margin of 1.54%. On average, equities research analysts predict that DuPont de Nemours will post 4.38 EPS for the current year.

Insider Buying and Selling at DuPont de Nemours

In other news, SVP Steven P. Larrabee sold 43,208 shares of the company’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $77.17, for a total transaction of $3,334,361.36. Following the completion of the sale, the senior vice president owned 38,585 shares of the company’s stock, valued at $2,977,604.45. This represents a 52.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last ninety days, insiders sold 74,208 shares of company stock valued at $5,714,861. 0.61% of the stock is owned by insiders.

Institutional Investors Weigh In On DuPont de Nemours

A number of large investors have recently made changes to their positions in DD. Blue Trust Inc. lifted its holdings in DuPont de Nemours by 1.1% in the third quarter. Blue Trust Inc. now owns 11,990 shares of the basic materials company’s stock valued at $934,000 after acquiring an additional 127 shares during the last quarter. Pacifica Partners Inc. lifted its stake in DuPont de Nemours by 27.0% during the third quarter. Pacifica Partners Inc. now owns 602 shares of the basic materials company’s stock worth $47,000 after purchasing an additional 128 shares in the last quarter. AdvisorNet Financial Inc lifted its stake in DuPont de Nemours by 3.0% during the second quarter. AdvisorNet Financial Inc now owns 4,641 shares of the basic materials company’s stock worth $318,000 after purchasing an additional 134 shares in the last quarter. Sagespring Wealth Partners LLC lifted its stake in DuPont de Nemours by 3.9% during the second quarter. Sagespring Wealth Partners LLC now owns 3,729 shares of the basic materials company’s stock worth $256,000 after purchasing an additional 140 shares in the last quarter. Finally, Princeton Global Asset Management LLC lifted its stake in DuPont de Nemours by 64.4% during the second quarter. Princeton Global Asset Management LLC now owns 365 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 143 shares in the last quarter. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

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.