DuPont de Nemours (NYSE:DD) Price Target Increased to $85.00 by Analysts at Barclays (2024)

Posted by ABMN Staff on May 29th, 2024

DuPont de Nemours (NYSE:DD) Price Target Increased to $85.00 by Analysts at Barclays (1)DuPont de Nemours (NYSE:DDFree Report) had its target price hoisted by Barclays from $81.00 to $85.00 in a research note released on Tuesday morning, Benzinga reports. Barclays currently has an equal weight rating on the basic materials company’s stock.

Other analysts have also issued research reports about the company. Royal Bank of Canada raised their price target on DuPont de Nemours from $75.00 to $83.00 and gave the stock an outperform rating in a research note on Wednesday, February 7th. Jefferies Financial Group raised shares of DuPont de Nemours from a hold rating to a buy rating and increased their price target for the stock from $78.00 to $101.00 in a research note on Friday, May 17th. JPMorgan Chase & Co. boosted their target price on shares of DuPont de Nemours from $85.00 to $88.00 and gave the company an overweight rating in a report on Thursday, May 2nd. BMO Capital Markets upgraded DuPont de Nemours from a market perform rating to an outperform rating and upped their price target for the stock from $83.00 to $96.00 in a research note on Thursday, May 23rd. Finally, Citigroup raised their price objective on shares of DuPont de Nemours from $73.00 to $80.00 and gave the company a neutral rating in a research note on Wednesday, April 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, DuPont de Nemours currently has an average rating of Moderate Buy and an average price target of $90.40.

Get Our Latest Analysis on DuPont de Nemours

DuPont de Nemours Stock Performance

DuPont de Nemours stock opened at $82.11 on Tuesday. The stock has a market cap of $34.33 billion, a P/E ratio of 100.14, a price-to-earnings-growth ratio of 2.34 and a beta of 1.39. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.61 and a current ratio of 2.33. DuPont de Nemours has a fifty-two week low of $61.14 and a fifty-two week high of $82.63. The firm’s fifty day moving average price is $76.64 and its 200-day moving average price is $73.11.

DuPont de Nemours (NYSE:DDGet Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.79 earnings per share for the quarter, topping 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 firm had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.81 billion. During the same period in the previous year, the business posted $0.84 EPS. The business’s quarterly revenue was down 2.9% on a year-over-year basis. On average, equities research analysts expect that DuPont de Nemours will post 3.64 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date of this dividend is Friday, May 31st. DuPont de Nemours’s dividend payout ratio (DPR) is presently 185.37%.

Insider Buying and Selling at DuPont de Nemours

In other DuPont de Nemours news, insider Leland Weaver sold 18,500 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $78.40, for a total transaction of $1,450,400.00. Following the sale, the insider now directly owns 24,476 shares of the company’s stock, valued at $1,918,918.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Michael G. Goss sold 2,354 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were 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 owns 15,587 shares in the company, valued at approximately $1,134,733.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Leland Weaver sold 18,500 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $78.40, for a total transaction of $1,450,400.00. Following the transaction, the insider now owns 24,476 shares in the company, valued at $1,918,918.40. The disclosure for this sale can be found here. Insiders sold 22,193 shares of company stock worth $1,726,655 over the last 90 days. 0.56% of the stock is owned by insiders.

Hedge Funds Weigh In On DuPont de Nemours

Several hedge funds have recently bought and sold shares of the business. Northwest Financial Advisors purchased a new stake in shares of DuPont de Nemours in the 4th quarter worth $25,000. Palisade Asset Management LLC bought a new position in DuPont de Nemours during the 1st quarter worth about $25,000. ESL Trust Services LLC bought a new position in DuPont de Nemours during the 1st quarter worth about $26,000. LifeSteps Financial Inc. purchased a new position in DuPont de Nemours during the 1st quarter valued at about $28,000. Finally, Byrne Asset Management LLC bought a new stake in shares of DuPont de Nemours in the 1st quarter valued at about $33,000. Institutional investors own 73.96% of the company’s stock.

About DuPont de Nemours

(Get Free Report)

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.

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DuPont de Nemours (NYSE:DD) Price Target Increased to $85.00 by Analysts at Barclays (2)

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DuPont de Nemours (NYSE:DD) Price Target Increased to $85.00 by Analysts at Barclays (2024)

FAQs

What is the target price for DuPont stock? ›

Stock Price Targets
High$103.00
Median$93.50
Low$80.00
Average$91.82
Current Price$79.88

Is DuPont a good stock to buy now? ›

DuPont de Nemours's analyst rating consensus is a Moderate Buy. This is based on the ratings of 13 Wall Streets Analysts.

What is the stock price forecast for DD? ›

Stock Price Forecast

The 11 analysts with 12-month price forecasts for DuPont de Nemours stock have an average target of 89.36, with a low estimate of 73 and a high estimate of 103. The average target predicts an increase of 11.12% from the current stock price of 80.42.

Who is buying DuPont? ›

Celanese acquired most of DuPont's Mobility & Materials unit in an $11 billion all-cash deal.

Who owns the most stock in DuPont? ›

Top Shareholders

The Vanguard Group, Inc. BlackRock, Inc.

Why invest in DuPont? ›

Multiple Growth Drivers in Place

DuPont remains focused on driving growth though innovation and new product development. Its innovation-driven investment is focused on several high-growth areas. DD remains committed to drive returns from its R&D investment.

Are Dow and DuPont still merged? ›

The CFO of Dow shares his experience of leading one of the most complex mergers and spinouts in history. The combination of Dow Chemical and DuPont in 2017, followed by a split into three separate companies, was a huge and highly complex transaction that transformed the chemical industry landscape.

When was the last time DuPont stock split? ›

Dupont De Nemours stock (symbol: DD) underwent a total of 6 stock splits. The most recent stock split occurred on June 3rd, 2019. One DD share bought prior to May 10th, 1973 would equal to 12.646935 DD shares today.

How often does DD pay dividends? ›

( DD ) pays dividends on a quarterly basis.

What is the target price for DND stock? ›

The average price target for Dye & Durham is C$22.75. This is based on 4 Wall Streets Analysts 12-month price targets, issued in the past 3 months. The highest analyst price target is C$25.00 ,the lowest forecast is C$21.00. The average price target represents 90.22% Increase from the current price of C$11.96.

What is a stock DD? ›

What Does "DD" Mean When Investing in Stocks? First things first, "DD" stands for "Due Diligence". Sometimes when discussing an investment with others, investors will also write or say "DYOD", which stands for "Do Your Own Diligence." It's a fancy way of saying that you're doing your homework on a potential investment.

What is the target stock price forecast? ›

Stock Price Targets
High$200.00
Median$178.20
Low$116.00
Average$173.70
Current Price$144.97

Why did Dow buy DuPont? ›

By combining the complementary strengths of Dow and DuPont, each intended company will be able to respond faster and more effectively to rapidly changing conditions with innovative products and greater choice.

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