DowDuPont Inc (DWDP) Upgraded by Zacks Investment Research to Hold
Zacks Investment Research upgraded shares of DowDuPont Inc (NASDAQ:DWDP) from a strong sell rating to a hold rating in a report released on Wednesday.
According to Zacks, “DowDuPont Inc. operates as a holding company. It produces agricultural chemicals, material science, and specialty chemical products. Agriculture Business offers crop protection and seeds and traits. Material Science Business offers a range of solutions including consumer solutions and infrastructure solutions and plastics performance. Specialty Products Business includes protection solutions, electronics and communications, nutrition and health and industrial biosciences. DowDuPont Inc, formerly known as Dow Chemical Company, is based in Wilmington, United States. “
Several other research firms also recently commented on DWDP. Macquarie initiated coverage on shares of DowDuPont in a report on Tuesday, September 5th. They issued an outperform rating and a $76.00 price objective for the company. Bank of America Corporation initiated coverage on shares of DowDuPont in a report on Monday, September 11th. They issued a buy rating and a $78.00 price target for the company. Jefferies Group LLC reissued a buy rating and issued a $80.00 price target on shares of DowDuPont in a report on Sunday, October 8th. Susquehanna Bancshares Inc initiated coverage on shares of DowDuPont in a report on Tuesday, September 5th. They issued a positive rating and a $80.00 price target for the company. Finally, Credit Suisse Group reissued an outperform rating and issued a $79.00 price target (up from $73.00) on shares of DowDuPont in a report on Thursday, October 12th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seventeen have issued a buy rating to the stock. DowDuPont currently has a consensus rating of Buy and a consensus target price of $80.12.
DowDuPont (DWDP) opened at $71.16 on Wednesday. DowDuPont has a fifty-two week low of $64.01 and a fifty-two week high of $73.85.
DowDuPont (NASDAQ:DWDP) last released its quarterly earnings data on Thursday, November 2nd. The company reported $0.55 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.55. The business had revenue of $18.29 billion during the quarter, compared to the consensus estimate of $18.24 billion. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period last year, the business posted $0.91 earnings per share.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Wednesday, November 15th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 2.14%. The ex-dividend date is Tuesday, November 14th.
Several institutional investors have recently bought and sold shares of the company. Tradewinds Capital Management LLC purchased a new stake in shares of DowDuPont during the 3rd quarter valued at $101,000. Mountain Capital Investment Advisors Inc purchased a new stake in shares of DowDuPont during the 3rd quarter valued at $114,000. Ironwood Financial llc purchased a new stake in shares of DowDuPont during the 3rd quarter valued at $120,000. Alpha Omega Wealth Management LLC purchased a new stake in shares of DowDuPont during the 3rd quarter valued at $126,000. Finally, Private Asset Management Inc. purchased a new stake in shares of DowDuPont during the 3rd quarter valued at $1,953,000.
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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