DuPont Co. (DD) Rating Lowered to Strong Sell at Vetr Inc.
DuPont Co. (NYSE:DD) was downgraded by analysts at Vetr from a “sell” rating to a “strong sell” rating in a report issued on Monday. They currently have a $61.16 price target on the stock. Vetr‘s price target suggests a potential downside of 11.40% from the stock’s current price.
DD has been the subject of a number of other reports. Royal Bank Of Canada raised their price objective on DuPont from $62.00 to $71.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 27th. Credit Agricole SA downgraded DuPont from an “outperform” rating to an “underperform” rating and raised their price objective for the stock from $62.00 to $70.00 in a research report on Wednesday, April 27th. Zacks Investment Research upgraded DuPont from a “hold” rating to a “buy” rating and set a $76.00 price objective for the company in a research report on Thursday, April 28th. Jefferies Group reaffirmed a “hold” rating on shares of DuPont in a research note on Tuesday, April 26th. Finally, Deutsche Bank AG reaffirmed a “buy” rating on shares of DuPont in a research note on Monday, April 4th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $70.73.
DuPont (NYSE:DD) traded up 1.31% during midday trading on Monday, reaching $69.03. The company’s stock had a trading volume of 2,109,271 shares. The firm has a 50 day moving average of $68.20 and a 200 day moving average of $66.85. DuPont has a 52-week low of $50.71 and a 52-week high of $75.72. The firm has a market cap of $60.35 billion, a P/E ratio of 27.46 and a beta of 1.78.
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DuPont (NYSE:DD) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $1.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.10 by $0.14. DuPont had a return on equity of 24.59% and a net margin of 9.01%. The company earned $7.10 billion during the quarter, compared to the consensus estimate of $7.01 billion. During the same period last year, the company earned $1.18 earnings per share. The firm’s revenue was down .8% compared to the same quarter last year. Analysts anticipate that DuPont will post $3.19 earnings per share for the current fiscal year.
In related news, EVP Christopher Marc Doyle sold 5,422 shares of DuPont stock in a transaction on Friday, August 26th. The stock was sold at an average price of $69.53, for a total transaction of $376,991.66. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Benito Cachinero sold 58,958 shares of DuPont stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $70.36, for a total value of $4,148,284.88. The disclosure for this sale can be found here. Corporate insiders own 0.31% of the company’s stock.
A number of hedge funds have recently modified their holdings of DD. Employees Retirement System of Texas raised its stake in shares of DuPont by 3.4% in the fourth quarter. Employees Retirement System of Texas now owns 288,400 shares of the company’s stock worth $19,207,000 after buying an additional 9,400 shares during the period. Smith Asset Management Group LP raised its stake in shares of DuPont by 21.1% in the second quarter. Smith Asset Management Group LP now owns 208,375 shares of the company’s stock valued at $13,503,000 after buying an additional 36,270 shares during the last quarter. Philadelphia Trust Co. raised its stake in shares of DuPont by 1.0% in the fourth quarter. Philadelphia Trust Co. now owns 513,086 shares of the company’s stock valued at $34,346,000 after buying an additional 5,185 shares during the last quarter. Brown Advisory Inc. raised its stake in shares of DuPont by 9.4% in the fourth quarter. Brown Advisory Inc. now owns 1,459,822 shares of the company’s stock valued at $97,224,000 after buying an additional 125,214 shares during the last quarter. Finally, Hallmark Capital Management Inc. purchased a new stake in shares of DuPont during the second quarter valued at about $473,000. Institutional investors and hedge funds own 70.29% of the company’s stock.
DuPont Company Profile
E. I. du Pont de Nemours and Company (DuPont) is a science and technology-based company. The Company consists of over 10 businesses aggregated into six segments: Agriculture, Electronics & Communications, Industrial Biosciences, Nutrition & Health, Performance Materials and Safety & Protection. Its products include corn hybrids and soybean varieties, herbicides, fungicides and insecticides in Agriculture segment; photopolymers and electronic materials in Electronics & Communications segment; enzymes and bio-based materials in Industrial Biosciences segment; cultures, emulsifiers, texturants, natural sweeteners and soy-based food ingredients in Nutrition & Health segment; engineering polymers, packaging and industrial polymers, films and elastomers in Performance Materials segment, and nonwovens, aramids and solid surfaces in Safety & Protection segment.
To view Vetr’s full report, visit Vetr’s official website.
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