DowDuPont (NYSE:DWDP) was downgraded by analysts at Cowen from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Wednesday. They currently have a $59.00 target price on the stock, down from their previous target price of $78.00. Cowen’s price objective indicates a potential upside of 8.74% from the stock’s previous close.
DWDP has been the topic of several other reports. TheStreet lowered DowDuPont from a “b-” rating to a “c+” rating in a research note on Thursday, November 1st. Zacks Investment Research lowered DowDuPont from a “hold” rating to a “sell” rating in a research note on Wednesday, November 7th. Credit Suisse Group restated an “outperform” rating and issued a $68.00 target price (down from $79.00) on shares of DowDuPont in a research note on Friday, February 1st. Citigroup restated a “buy” rating and issued a $74.00 target price (down from $79.00) on shares of DowDuPont in a research note on Thursday, October 11th. Finally, BMO Capital Markets reduced their price target on DowDuPont to $66.00 and set an “outperform” rating for the company in a research report on Friday, February 1st. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $72.22.
Shares of DowDuPont stock opened at $54.26 on Wednesday. The firm has a market cap of $123.74 billion, a P/E ratio of 13.20, a price-to-earnings-growth ratio of 1.19 and a beta of 1.31. DowDuPont has a 12 month low of $48.89 and a 12 month high of $74.12. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.33 and a current ratio of 2.01.
DowDuPont (NYSE:DWDP) last issued its quarterly earnings results on Thursday, January 31st. The company reported $0.88 EPS for the quarter, missing the Zacks’ consensus estimate of $0.89 by ($0.01). The business had revenue of $20.10 billion for the quarter, compared to the consensus estimate of $21.11 billion. DowDuPont had a return on equity of 9.59% and a net margin of 4.47%. Research analysts anticipate that DowDuPont will post 4.45 EPS for the current year.
Institutional investors have recently bought and sold shares of the stock. Bogart Wealth LLC grew its position in DowDuPont by 46.5% during the fourth quarter. Bogart Wealth LLC now owns 630 shares of the company’s stock worth $33,000 after buying an additional 200 shares in the last quarter. G&S Capital LLC grew its position in DowDuPont by 116.8% during the fourth quarter. G&S Capital LLC now owns 657 shares of the company’s stock worth $35,000 after buying an additional 354 shares in the last quarter. Evolution Wealth Advisors LLC purchased a new position in DowDuPont during the fourth quarter worth about $38,000. Tributary Capital Management LLC purchased a new position in DowDuPont during the fourth quarter worth about $60,000. Finally, Financial Enhancement Group LLC grew its position in DowDuPont by 551.8% during the third quarter. Financial Enhancement Group LLC now owns 1,486 shares of the company’s stock worth $96,000 after buying an additional 1,258 shares in the last quarter. Institutional investors and hedge funds own 69.33% of the company’s stock.
DowDuPont Inc, through its subsidiaries, engages in agriculture, materials science, and specialty products businesses worldwide. The company's Agriculture segment develops and sells hybrid corn seed and soybean seed varieties; canola, cotton, sunflower, sorghum, wheat, and rice seeds; silage inoculants; and weed control, disease control, and insect control products.
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