Mizuho Forecasts Strong Price Appreciation for DuPont de Nemours (NYSE:DD) Stock

DuPont de Nemours (NYSE:DD) had its target price raised by research analysts at Mizuho from $44.00 to $46.00 in a report released on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the basic materials company’s stock. Mizuho’s target price would indicate a potential upside of 13.20% from the company’s current price.

Several other research analysts also recently weighed in on the company. KeyCorp dropped their price target on DuPont de Nemours from $93.00 to $44.00 and set an “overweight” rating for the company in a research note on Wednesday, November 5th. BMO Capital Markets cut their target price on shares of DuPont de Nemours from $104.00 to $50.00 and set an “outperform” rating for the company in a research note on Monday, November 3rd. Wells Fargo & Company decreased their price target on shares of DuPont de Nemours from $100.00 to $50.00 and set an “overweight” rating on the stock in a research note on Friday, November 7th. Morgan Stanley dropped their price objective on shares of DuPont de Nemours from $80.00 to $44.00 in a report on Monday, November 10th. Finally, Zacks Research cut DuPont de Nemours from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 14th. Ten investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $43.69.

DuPont de Nemours Trading Up 0.5%

Shares of DD stock opened at $40.64 on Thursday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.63 and a current ratio of 2.00. The stock has a fifty day simple moving average of $37.43 and a two-hundred day simple moving average of $33.16. The firm has a market capitalization of $17.03 billion, a PE ratio of -22.08, a PEG ratio of 2.32 and a beta of 1.10. DuPont de Nemours has a 52-week low of $22.50 and a 52-week high of $41.83.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings data on Monday, July 11th. The basic materials company reported $0.29 EPS for the quarter. The business had revenue of $3.02 billion for the quarter. DuPont de Nemours had a positive return on equity of 7.81% and a negative net margin of 6.17%. On average, analysts predict that DuPont de Nemours will post 4.38 EPS for the current fiscal year.

DuPont de Nemours announced that its board has initiated a stock repurchase plan on Thursday, November 6th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the basic materials company to purchase up to 12.2% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity at DuPont de Nemours

In related news, SVP Erik T. Hoover sold 6,005 shares of the stock in a transaction on Friday, November 28th. The stock was sold at an average price of $39.79, for a total transaction of $238,938.95. Following the sale, the senior vice president owned 112,101 shares in the company, valued at approximately $4,460,498.79. This represents a 5.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Lori Koch sold 9,011 shares of the firm’s stock in a transaction on Friday, November 28th. The stock was sold at an average price of $39.46, for a total value of $355,574.06. Following the completion of the sale, the chief executive officer owned 288,326 shares of the company’s stock, valued at approximately $11,377,343.96. This represents a 3.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.61% of the company’s stock.

Institutional Trading of DuPont de Nemours

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Brighton Jones LLC grew its stake in shares of DuPont de Nemours by 19.6% during the fourth quarter. Brighton Jones LLC now owns 5,012 shares of the basic materials company’s stock valued at $382,000 after buying an additional 822 shares during the last quarter. American Century Companies Inc. grew its position in DuPont de Nemours by 3.0% in the 1st quarter. American Century Companies Inc. now owns 91,253 shares of the basic materials company’s stock valued at $6,815,000 after acquiring an additional 2,659 shares during the last quarter. Raymond James Financial Inc. increased its stake in DuPont de Nemours by 1.6% in the first quarter. Raymond James Financial Inc. now owns 666,901 shares of the basic materials company’s stock worth $49,804,000 after purchasing an additional 10,333 shares during the period. Wellington Management Group LLP bought a new stake in shares of DuPont de Nemours during the first quarter worth $5,751,000. Finally, Banco Bilbao Vizcaya Argentaria S.A. boosted its stake in shares of DuPont de Nemours by 4.5% during the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 8,988 shares of the basic materials company’s stock valued at $671,000 after purchasing an additional 386 shares during the period. 73.96% of the stock is owned by hedge funds and other institutional investors.

DuPont de Nemours Company Profile

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.