UBS Group AG (USA) Increases DowDuPont Inc (DWDP) Price Target to $85.00
DowDuPont Inc (NASDAQ:DWDP) had its price target hoisted by UBS Group AG (USA) from $82.00 to $85.00 in a report released on Friday, www.benzinga.com reports. The firm currently has a “buy” rating on the stock. UBS Group AG (USA)’s price objective suggests a potential upside of 19.45% from the company’s previous close.
Other research analysts have also issued reports about the company. Macquarie initiated coverage on DowDuPont in a research report on Tuesday, September 5th. They issued an “outperform” rating and a $76.00 price objective for the company. Nomura raised their target price on DowDuPont from $77.00 to $82.00 and gave the company a “buy” rating in a research note on Wednesday, September 13th. HSBC Holdings plc initiated coverage on DowDuPont in a research note on Tuesday, September 26th. They issued a “hold” rating for the company. Credit Suisse Group raised their target price on DowDuPont from $79.00 to $82.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Monness Crespi & Hardt initiated coverage on DowDuPont in a research note on Tuesday, September 12th. They issued a “neutral” rating for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seventeen have issued a buy rating to the company. DowDuPont presently has an average rating of “Buy” and a consensus price target of $80.12.
DowDuPont (NASDAQ DWDP) traded down $0.85 during mid-day trading on Friday, hitting $71.16. The stock had a trading volume of 8,620,000 shares, compared to its average volume of 6,760,000. DowDuPont has a 1 year low of $64.01 and a 1 year high of $73.85.
DowDuPont (NASDAQ:DWDP) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $0.55 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.55. The business had revenue of $18.29 billion during the quarter, compared to the consensus estimate of $18.24 billion. During the same period last year, the business posted $0.91 earnings per share. The business’s revenue was up 7.6% on a year-over-year basis.
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Hedge funds and other institutional investors have recently made changes to their positions in the company. Tradewinds Capital Management LLC purchased a new position in shares of DowDuPont in the 3rd quarter worth approximately $101,000. Mountain Capital Investment Advisors Inc purchased a new position in shares of DowDuPont in the 3rd quarter worth approximately $114,000. Ironwood Financial llc purchased a new position in shares of DowDuPont in the 3rd quarter worth approximately $120,000. Alpha Omega Wealth Management LLC purchased a new position in shares of DowDuPont in the 3rd quarter worth approximately $126,000. Finally, Private Asset Management Inc. purchased a new position in shares of DowDuPont in the 3rd quarter worth approximately $1,953,000.
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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