Royal Bank Of Canada Forecasts Strong Price Appreciation for DuPont de Nemours (NYSE:DD) Stock

DuPont de Nemours (NYSE:DD) had its price target raised by equities researchers at Royal Bank Of Canada from $48.00 to $51.00 in a report released on Wednesday,MarketScreener reports. The firm currently has an “outperform” rating on the basic materials company’s stock. Royal Bank Of Canada’s target price would suggest a potential upside of 16.49% from the stock’s previous close.

DD has been the topic of several other reports. Citigroup boosted their price objective on shares of DuPont de Nemours from $38.90 to $47.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Morgan Stanley cut their target price on shares of DuPont de Nemours from $80.00 to $44.00 in a research report on Monday, November 10th. UBS Group increased their price target on shares of DuPont de Nemours from $46.00 to $49.00 and gave the company a “buy” rating in a research report on Wednesday, January 7th. Wolfe Research raised their price objective on shares of DuPont de Nemours from $44.00 to $49.00 and gave the stock an “outperform” rating in a research note on Friday, January 16th. Finally, KeyCorp lifted their price objective on DuPont de Nemours from $45.00 to $51.00 and gave the stock an “overweight” rating in a research report on Friday, January 9th. Ten research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $45.99.

DuPont de Nemours Price Performance

DD stock opened at $43.78 on Wednesday. The firm has a 50 day moving average of $40.94 and a 200-day moving average of $35.54. The company has a market cap of $18.34 billion, a price-to-earnings ratio of -23.79, a PEG ratio of 3.22 and a beta of 1.08. The company has a current ratio of 2.00, a quick ratio of 1.63 and a debt-to-equity ratio of 0.30. DuPont de Nemours has a 12-month low of $22.50 and a 12-month high of $44.96.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings data on Thursday, November 6th. The basic materials company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.05. The firm had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3.12 billion. DuPont de Nemours had a positive return on equity of 7.81% and a negative net margin of 6.17%.DuPont de Nemours’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period last year, the business posted $1.18 EPS. DuPont de Nemours has set its Q4 2025 guidance at 0.430-0.430 EPS. As a group, equities analysts expect that DuPont de Nemours will post 4.38 EPS for the current fiscal year.

DuPont de Nemours declared that its Board of Directors has authorized a stock buyback plan on Thursday, November 6th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the basic materials company to repurchase up to 12.2% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

Insiders Place Their Bets

In related news, SVP Erik T. Hoover sold 6,005 shares of the stock in a transaction dated Friday, November 28th. The stock was sold at an average price of $39.79, for a total transaction of $238,938.95. Following the transaction, the senior vice president directly owned 112,101 shares in the company, valued at approximately $4,460,498.79. This represents a 5.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Lori Koch sold 9,011 shares of the firm’s stock in a transaction dated Friday, November 28th. The stock was sold at an average price of $39.46, for a total value of $355,574.06. Following the completion of the sale, the chief executive officer directly owned 288,326 shares in the company, valued at approximately $11,377,343.96. The trade was a 3.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.61% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in DuPont de Nemours by 6.7% during the third quarter. Vanguard Group Inc. now owns 50,867,267 shares of the basic materials company’s stock worth $3,962,560,000 after acquiring an additional 3,203,044 shares during the last quarter. State Street Corp increased its position in DuPont de Nemours by 4.8% during the 2nd quarter. State Street Corp now owns 18,363,975 shares of the basic materials company’s stock worth $1,259,585,000 after purchasing an additional 842,852 shares in the last quarter. Geode Capital Management LLC raised its holdings in DuPont de Nemours by 4.8% in the second quarter. Geode Capital Management LLC now owns 10,782,760 shares of the basic materials company’s stock valued at $736,487,000 after buying an additional 496,691 shares during the period. Invesco Ltd. lifted its position in DuPont de Nemours by 28.2% during the third quarter. Invesco Ltd. now owns 8,828,110 shares of the basic materials company’s stock valued at $687,710,000 after buying an additional 1,942,589 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in DuPont de Nemours by 1.4% during the third quarter. Franklin Resources Inc. now owns 7,096,122 shares of the basic materials company’s stock worth $552,788,000 after buying an additional 98,590 shares during the period. Institutional investors and hedge funds own 73.96% of the company’s stock.

About DuPont de Nemours

DuPont de Nemours (NYSE: DD) is a global science and engineering company that develops and supplies specialty materials, chemicals and industrial biosciences for a wide range of markets. Headquartered in Wilmington, Delaware, the company traces its origins to 1802 and has evolved through more than two centuries of innovation. In recent history DuPont participated in a major combination with Dow Chemical and subsequent reorganization that refocused the company on differentiated, specialty businesses built around science-based solutions.

DuPont’s operations center on advanced materials and technologies used by manufacturers and OEMs in industries such as transportation, electronics, construction, industrial manufacturing and worker safety.