JPMorgan Chase & Co. Raises DuPont de Nemours (NYSE:DD) Price Target to $88.00

DuPont de Nemours (NYSE:DD) had its target price hoisted by equities researchers at JPMorgan Chase & Co. from $85.00 to $88.00 in a report released on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the basic materials company’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 13.30% from the company’s current price.

A number of other equities research analysts have also issued reports on the stock. TheStreet lowered shares of DuPont de Nemours from a “b-” rating to a “c” rating in a report on Tuesday, February 6th. Wolfe Research began coverage on shares of DuPont de Nemours in a report on Friday, March 1st. They set a “peer perform” rating for the company. Mizuho increased their target price on DuPont de Nemours from $76.00 to $83.00 and gave the company a “buy” rating in a research report on Thursday. Barclays increased their target price on DuPont de Nemours from $70.00 to $81.00 and gave the company an “equal weight” rating in a research report on Thursday. Finally, Bank of America downgraded DuPont de Nemours from a “buy” rating to an “underperform” rating and increased their target price for the company from $78.00 to $80.00 in a research report on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $80.00.

DuPont de Nemours Price Performance

DD traded down $0.08 during trading on Thursday, reaching $77.67. 2,391,431 shares of the company traded hands, compared to its average volume of 2,373,408. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.73 and a current ratio of 2.33. DuPont de Nemours has a 12-month low of $61.14 and a 12-month high of $79.19. The firm has a fifty day simple moving average of $73.93 and a 200 day simple moving average of $72.12. The company has a market cap of $32.47 billion, a P/E ratio of 94.77, a PEG ratio of 2.48 and a beta of 1.39.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.14. DuPont de Nemours had a net margin of 2.75% and a return on equity of 6.07%. The business had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.81 billion. During the same period last year, the firm posted $0.84 EPS. The company’s revenue was down 2.9% on a year-over-year basis. On average, equities analysts forecast that DuPont de Nemours will post 3.59 EPS for the current year.

Insider Buying and Selling

In related news, insider Michael G. Goss sold 2,354 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $72.80, for a total value of $171,371.20. Following the completion of the sale, the insider now directly owns 15,587 shares in the company, valued at $1,134,733.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.56% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On DuPont de Nemours

Several institutional investors and hedge funds have recently added to or reduced their stakes in DD. SPC Financial Inc. grew its stake in shares of DuPont de Nemours by 1.9% during the first quarter. SPC Financial Inc. now owns 8,011 shares of the basic materials company’s stock worth $614,000 after acquiring an additional 151 shares during the last quarter. Catalina Capital Group LLC acquired a new stake in shares of DuPont de Nemours during the first quarter worth about $211,000. Mediolanum International Funds Ltd acquired a new stake in shares of DuPont de Nemours during the first quarter worth about $2,842,000. Larson Financial Group LLC lifted its holdings in shares of DuPont de Nemours by 235.0% during the first quarter. Larson Financial Group LLC now owns 3,028 shares of the basic materials company’s stock worth $232,000 after purchasing an additional 2,124 shares during the period. Finally, Callan Capital LLC lifted its holdings in shares of DuPont de Nemours by 10.9% during the first quarter. Callan Capital LLC now owns 4,221 shares of the basic materials company’s stock worth $324,000 after purchasing an additional 414 shares during the period. 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.