Wells Fargo & Company Has Lowered Expectations for DuPont de Nemours (NYSE:DD) Stock Price

DuPont de Nemours (NYSE:DD) had its price objective reduced by Wells Fargo & Company from $107.00 to $105.00 in a research note issued to investors on Wednesday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the basic materials company’s stock.

DD has been the topic of a number of other research reports. Morgan Stanley boosted their price target on shares of DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. JPMorgan Chase & Co. cut their price target on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 15th. Citigroup dropped their price objective on DuPont de Nemours from $92.00 to $88.00 in a research note on Monday, February 10th. Barclays raised their target price on DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. Finally, Wolfe Research upgraded DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price target on the stock in a report on Friday, January 17th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, DuPont de Nemours has an average rating of “Moderate Buy” and an average price target of $98.75.

DuPont de Nemours Price Performance

DD stock opened at $83.31 on Wednesday. The company has a market capitalization of $34.82 billion, a P/E ratio of 43.85, a PEG ratio of 1.70 and a beta of 1.34. The company has a fifty day moving average price of $77.59 and a 200-day moving average price of $81.12. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.49 and a current ratio of 2.28. DuPont de Nemours has a 52-week low of $67.70 and a 52-week high of $90.06.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.15. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. As a group, equities analysts expect that DuPont de Nemours will post 3.91 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Hager Investment Management Services LLC purchased a new position in shares of DuPont de Nemours during the fourth quarter valued at approximately $26,000. Aster Capital Management DIFC Ltd lifted its stake in DuPont de Nemours by 479.4% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 365 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 302 shares in the last quarter. Byrne Asset Management LLC purchased a new position in DuPont de Nemours during the 4th quarter worth $29,000. Vision Financial Markets LLC bought a new stake in shares of DuPont de Nemours in the 4th quarter worth $31,000. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of DuPont de Nemours in the third quarter valued at about $38,000. 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.