DowDuPont Inc (DWDP) Price Target Raised to $80.00 at Morgan Stanley
DowDuPont Inc (NASDAQ:DWDP) had its price target increased by Morgan Stanley from $77.00 to $80.00 in a research note released on Wednesday. The brokerage currently has an overweight rating on the stock.
Other equities analysts also recently issued reports about the company. Macquarie began coverage on DowDuPont in a research report on Tuesday, September 5th. They set an outperform rating and a $76.00 price objective for the company. Nomura raised their price objective on DowDuPont from $77.00 to $82.00 and gave the stock a buy rating in a research report on Wednesday, September 13th. HSBC Holdings plc began coverage on DowDuPont in a research report on Tuesday, September 26th. They set a hold rating for the company. Monness Crespi & Hardt began coverage on DowDuPont in a research report on Tuesday, September 12th. They set a neutral rating for the company. Finally, Instinet restated a buy rating and set a $82.00 price objective (up from $77.00) on shares of DowDuPont in a research report on Wednesday, September 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seventeen have given a buy rating to the stock. DowDuPont presently has an average rating of Buy and an average target price of $79.76.
DowDuPont (NASDAQ:DWDP) last issued its quarterly earnings data on Thursday, November 2nd. The company reported $0.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.16. The company had revenue of $18.29 billion for the quarter, compared to the consensus estimate of $18.24 billion. During the same quarter last year, the business earned $0.91 earnings per share. DowDuPont’s revenue was up 7.6% compared to the same quarter last year.
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Hedge funds have recently modified their holdings of the business. Mountain Capital Investment Advisors Inc bought a new stake in DowDuPont in the third quarter worth approximately $114,000. Private Asset Management Inc. acquired a new stake in DowDuPont in the third quarter valued at approximately $1,953,000. Nelson Roberts Investment Advisors LLC acquired a new stake in DowDuPont in the third quarter valued at approximately $139,000. First Quadrant L P CA acquired a new stake in DowDuPont in the third quarter valued at approximately $159,000. Finally, Grace & White Inc. NY acquired a new stake in DowDuPont in the third quarter valued at approximately $200,000.
DowDuPont Inc is a holding company formed through the merger of equals between The Dow Chemical Company and E. I. du Pont de Nemours and Company (DuPont). The Company’s business divisions include Agriculture division, Material Science division, and a Specialty Products division. The Agriculture Division offers a complete portfolio of products and technologies, and a pipeline of germplasm, traits and crop protection.
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