E.I. DuPont de Nemours & Co. Upgraded by Citigroup Inc. to Buy (DD)
E.I. DuPont de Nemours & Co. (NYSE:DD) was upgraded by equities researchers at Citigroup Inc. from a “neutral” rating to a “buy” rating in a research report issued on Friday, TheFlyOnTheWall.com reports. The firm currently has a $70.00 price objective on the stock, up from their previous price objective of $61.00. Citigroup Inc.’s target price indicates a potential upside of 13.09% from the company’s current price.
The analysts wrote, “DD announced a formal separation of its Perf Chemicals business, which includes TiO2. This could unlock value at DD by creating two companies more focused on their core competencies and more nimble in decision making. Less emphasis on TiO2 would lead investors to focus on other parts of DD’s portfolio, lead to greater transparency at the segment level, and likely drive more accountability at both companies. We have always said that DD’s portfolio is like juggling 6 balls simultaneously – now DD mgmt will have fewer balls to juggle.”
A number of other analysts have also recently weighed in on DD. Analysts at Zacks reiterated a “neutral” rating on shares of E.I. DuPont de Nemours & Co. in a research note to investors on Thursday. They now have a $63.00 price target on the stock. Separately, analysts at Barclays raised their price target on shares of E.I. DuPont de Nemours & Co. from $58.00 to $62.00 in a research note to investors on Wednesday. They now have an “equal weight” rating on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of E.I. DuPont de Nemours & Co. in a research note to investors on Wednesday. They now have a $68.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $59.27.
E.I. DuPont de Nemours & Co. (NYSE:DD) traded up 0.85% on Friday, hitting $61.90. The stock had a trading volume of 8,823,834 shares. E.I. DuPont de Nemours & Co. has a 52-week low of $41.67 and a 52-week high of $60.40. The stock’s 50-day moving average is $58.12 and its 200-day moving average is $53.95. The company has a market cap of $57.324 billion and a price-to-earnings ratio of 12.00. E.I. DuPont de Nemours & Co. also was the recipient of unusually large options trading activity on Friday. Stock investors bought 30,782 call options on the company. This is an increase of approximately 322% compared to the typical daily volume of 7,293 call options.
E.I. DuPont de Nemours & Co. (NYSE:DD) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.04. The company had revenue of $7.74 billion for the quarter, compared to the consensus estimate of $7.78 billion. During the same quarter last year, the company posted $0.44 earnings per share. E.I. DuPont de Nemours & Co.’s revenue was up 6.4% compared to the same quarter last year. On average, analysts predict that E.I. DuPont de Nemours & Co. will post $3.83 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, December 13th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.91%. The ex-dividend date is Wednesday, November 13th.
E. I. du Pont de Nemours and Company (NYSE:DD) manufacturing, seed production or selling activities and some are distributors of products manufactured by the Company.
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