Q3 2017 EPS Estimates for DowDuPont Inc (DWDP) Boosted by Jefferies Group
DowDuPont Inc (NASDAQ:DWDP) – Analysts at Jefferies Group lifted their Q3 2017 EPS estimates for shares of DowDuPont in a report issued on Thursday. Jefferies Group analyst L. Alexander now anticipates that the company will post earnings of $0.55 per share for the quarter, up from their previous forecast of $0.39. Jefferies Group currently has a “Buy” rating and a $80.00 price target on the stock. Jefferies Group also issued estimates for DowDuPont’s Q4 2017 earnings at $0.91 EPS, FY2017 earnings at $3.65 EPS, FY2018 earnings at $4.15 EPS, FY2019 earnings at $4.80 EPS and FY2020 earnings at $5.30 EPS.
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DWDP has been the topic of several other research reports. Susquehanna Bancshares Inc initiated coverage on shares of DowDuPont in a research report on Tuesday, September 5th. They issued a “positive” rating and a $80.00 price target on the stock. UBS AG initiated coverage on shares of DowDuPont in a research report on Friday, September 1st. They issued a “buy” rating on the stock. Citigroup Inc. raised their price target on shares of DowDuPont from $75.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, September 13th. Zacks Investment Research cut shares of DowDuPont from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 27th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a $79.00 price target (up previously from $73.00) on shares of DowDuPont in a research report on Thursday, October 12th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, three have given a hold rating and seventeen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $79.59.
Shares of DowDuPont (NASDAQ:DWDP) opened at 72.54 on Monday. DowDuPont has a 52-week low of $64.01 and a 52-week high of $73.85. The company has a 50 day moving average price of $70.35 and a 200-day moving average price of $65.35. The firm’s market cap is $169.45 billion.
A number of institutional investors have recently added to or reduced their stakes in DWDP. APG Asset Management N.V. purchased a new position in DowDuPont in the 3rd quarter valued at approximately $257,365,000. Korea Investment CORP purchased a new position in DowDuPont in the 3rd quarter valued at approximately $146,277,000. Strs Ohio purchased a new position in DowDuPont in the 3rd quarter valued at approximately $105,984,000. Meyer Handelman Co. purchased a new position in DowDuPont in the 3rd quarter valued at approximately $84,640,000. Finally, State of New Jersey Common Pension Fund D purchased a new position in DowDuPont in the 3rd quarter valued at approximately $83,643,000.
DowDuPont Company Profile
DowDuPont Inc is a holding company formed through the merger of equals between The Dow Chemical Company and E. I. du Pont de Nemours and Company (DuPont). The Company’s business divisions include Agriculture division, Material Science division, and a Specialty Products division. The Agriculture Division offers a complete portfolio of products and technologies, and a pipeline of germplasm, traits and crop protection.
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