DuPont de Nemours (NYSE:DD) Price Target Increased to $88.00 by Analysts at JPMorgan Chase & Co.

DuPont de Nemours (NYSE:DD) had its price target increased by research analysts at JPMorgan Chase & Co. from $85.00 to $88.00 in a research note issued on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the basic materials company’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 13.77% from the company’s previous close.

Several other equities research analysts also recently weighed in on DD. Citigroup upped their price objective on shares of DuPont de Nemours from $73.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday, April 10th. Royal Bank of Canada boosted their price target on shares of DuPont de Nemours from $75.00 to $83.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Wolfe Research initiated coverage on shares of DuPont de Nemours in a research note on Friday, March 1st. They issued a “peer perform” rating on the stock. BMO Capital Markets lowered DuPont de Nemours from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $80.00 to $72.00 in a report on Wednesday, January 24th. Finally, Barclays increased their price target on shares of DuPont de Nemours from $70.00 to $81.00 and gave the stock an “equal weight” rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $80.00.

DuPont de Nemours Stock Down 1.2 %

NYSE DD traded down $0.96 on Thursday, reaching $77.35. The company had a trading volume of 1,050,651 shares, compared to its average volume of 3,019,815. The firm has a market capitalization of $32.34 billion, a PE ratio of 83.30, a P/E/G ratio of 2.38 and a beta of 1.39. The firm has a 50-day moving average of $73.62 and a 200-day moving average of $72.07. DuPont de Nemours has a 1 year low of $61.14 and a 1 year high of $79.19. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.43 and a quick ratio of 1.73.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.14. The company had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.81 billion. DuPont de Nemours had a return on equity of 6.12% and a net margin of 3.51%. DuPont de Nemours’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.84 EPS. On average, equities research analysts anticipate that DuPont de Nemours will post 3.49 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Michael G. Goss sold 2,354 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $72.80, for a total value of $171,371.20. Following the sale, the insider now owns 15,587 shares in the company, valued at $1,134,733.60. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.56% of the company’s stock.

Institutional Investors Weigh In On DuPont de Nemours

Institutional investors and hedge funds have recently made changes to their positions in the company. Fidelis Capital Partners LLC increased its position in DuPont de Nemours by 10.8% in the first quarter. Fidelis Capital Partners LLC now owns 4,899 shares of the basic materials company’s stock worth $376,000 after purchasing an additional 478 shares during the period. St. Louis Trust Co acquired a new position in shares of DuPont de Nemours during the 1st quarter worth about $239,000. Choreo LLC boosted its position in shares of DuPont de Nemours by 33.6% during the first quarter. Choreo LLC now owns 6,555 shares of the basic materials company’s stock worth $503,000 after purchasing an additional 1,648 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. grew its stake in DuPont de Nemours by 5.6% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 21,887 shares of the basic materials company’s stock valued at $1,678,000 after acquiring an additional 1,161 shares during the period. Finally, Palisade Asset Management LLC bought a new stake in shares of DuPont de Nemours in the first quarter worth about $25,000. Institutional investors and hedge funds 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.