E.I. du Pont de Nemours and Company (NYSE:DD) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Wednesday.

According to Zacks, “DuPont’s adjusted earnings for second-quarter 2017 topped the Zacks Consensus Estimate. Revenues also rose year over year and beat expectations. DuPont has outperformed the industry it belongs to over a year. DuPont is well placed to gain from its cost-cutting and productivity improvement measures. The company's aggressive actions to cut operational costs should continue to lend support to its earnings. Its agriculture business is also gaining from new product launches. The company has numerous new products in its pipeline that should contribute to top line growth. DuPont is also moving forward with its planned mega-merger with Dow Chemical, which is expected to create significant synergies. However, DuPont is exposed to raw material cost pressure and currency headwind and also faces certain challenges in its nutrition & health and electronics businesses. Its agriculture business is also not out of the woods yet.”

A number of other equities research analysts also recently issued reports on DD. Jefferies Group LLC reissued a “buy” rating and set a $96.00 price objective on shares of E.I. du Pont de Nemours and in a research report on Tuesday. BidaskClub upgraded shares of E.I. du Pont de Nemours and from a “sell” rating to a “hold” rating in a research note on Saturday, August 19th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $81.25.

Shares of E.I. du Pont de Nemours and (NYSE DD) opened at 83.93 on Wednesday. The stock has a market cap of $72.83 billion, a P/E ratio of 32.79 and a beta of 1.76. The company has a 50 day moving average price of $82.87 and a 200-day moving average price of $80.79. E.I. du Pont de Nemours and has a 12 month low of $66.02 and a 12 month high of $86.36.

E.I. du Pont de Nemours and (NYSE:DD) last issued its quarterly earnings data on Tuesday, July 25th. The basic materials company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.09. E.I. du Pont de Nemours and had a net margin of 8.86% and a return on equity of 31.23%. The firm had revenue of $7.42 billion during the quarter, compared to the consensus estimate of $7.28 billion. During the same quarter in the previous year, the firm posted $1.24 EPS. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, equities research analysts predict that E.I. du Pont de Nemours and will post $3.91 earnings per share for the current year.

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In other E.I. du Pont de Nemours and news, SVP Benito Cachinero sold 10,621 shares of the business’s stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $81.67, for a total value of $867,417.07. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.31% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in the company. Capital World Investors boosted its stake in shares of E.I. du Pont de Nemours and by 1.2% in the second quarter. Capital World Investors now owns 87,973,821 shares of the basic materials company’s stock valued at $7,100,367,000 after buying an additional 1,073,143 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of E.I. du Pont de Nemours and by 2.4% in the second quarter. Vanguard Group Inc. now owns 62,005,773 shares of the basic materials company’s stock valued at $5,004,485,000 after buying an additional 1,425,085 shares during the last quarter. BlackRock Inc. boosted its stake in shares of E.I. du Pont de Nemours and by 0.8% in the second quarter. BlackRock Inc. now owns 55,113,575 shares of the basic materials company’s stock valued at $4,448,217,000 after buying an additional 427,380 shares during the last quarter. FMR LLC boosted its stake in shares of E.I. du Pont de Nemours and by 5.1% in the second quarter. FMR LLC now owns 34,026,342 shares of the basic materials company’s stock valued at $2,746,266,000 after buying an additional 1,654,590 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of E.I. du Pont de Nemours and by 36.6% in the first quarter. JPMorgan Chase & Co. now owns 18,028,546 shares of the basic materials company’s stock valued at $1,448,235,000 after buying an additional 4,825,726 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

About E.I. du Pont de Nemours and

E. I. du Pont de Nemours and Company is a science and technology-based company. It operates through six segments: Agriculture, Electronics & Communications (E&C), Industrial Biosciences, Nutrition & Health, Performance Materials and Protection Solutions. Its Agriculture segment includes products, such as corn hybrids and soybean varieties, herbicides, fungicides and insecticides.

Analyst Recommendations for E.I. du Pont de Nemours and (NYSE:DD)

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