DowDuPont (DWDP) Price Target Lowered to $79.00 at Barclays

DowDuPont (NYSE:DWDP) had its target price cut by equities researchers at Barclays from $80.00 to $79.00 in a report released on Friday. The brokerage presently has an “equal weight” rating on the stock. Barclays’ target price would indicate a potential upside of 11.44% from the stock’s previous close.

Other analysts have also recently issued research reports about the company. Royal Bank of Canada reaffirmed a “buy” rating and issued a $80.00 price target on shares of DowDuPont in a research report on Wednesday, October 11th. Jefferies Group reaffirmed a “buy” rating and issued a $80.00 price target on shares of DowDuPont in a research report on Sunday, October 8th. Deutsche Bank started coverage on DowDuPont in a research report on Thursday, October 5th. They issued a “buy” rating and a $80.00 price target for the company. UBS Group boosted their price target on DowDuPont from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Finally, Goldman Sachs Group started coverage on DowDuPont in a research report on Monday, December 4th. They issued a “buy” rating for the company. Six research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. DowDuPont has an average rating of “Buy” and a consensus price target of $80.48.

Shares of DowDuPont (NYSE:DWDP) traded down $2.61 during midday trading on Friday, reaching $70.89. The company’s stock had a trading volume of 12,792,093 shares, compared to its average volume of 6,970,000. The company has a quick ratio of 1.38, a current ratio of 2.01 and a debt-to-equity ratio of 0.29. DowDuPont has a 1 year low of $64.01 and a 1 year high of $77.08. The stock has a market capitalization of $165,880.00 and a P/E ratio of 35.34.

DowDuPont (NYSE:DWDP) last issued its earnings results on Thursday, February 1st. The company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.16. DowDuPont had a return on equity of 9.73% and a net margin of 5.01%. The firm had revenue of $20.07 billion for the quarter, compared to the consensus estimate of $19.46 billion. The business’s revenue for the quarter was up 54.1% compared to the same quarter last year. equities research analysts forecast that DowDuPont will post 3.26 EPS for the current fiscal year.

In related news, insider Jeanmarie F. Desmond sold 6,708 shares of the business’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $71.01, for a total transaction of $476,335.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Andrew N. Liveris sold 9,664 shares of the business’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $70.10, for a total value of $677,446.40. The disclosure for this sale can be found here. Insiders have sold a total of 495,951 shares of company stock valued at $35,502,729 in the last three months. 0.89% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Tradewinds Capital Management LLC bought a new position in DowDuPont during the third quarter valued at about $101,000. Winfield Associates Inc. bought a new position in DowDuPont during the third quarter valued at about $103,000. Peddock Capital Advisors LLC bought a new position in DowDuPont during the third quarter valued at about $106,000. AllSquare Wealth Management LLC bought a new position in DowDuPont during the third quarter valued at about $108,000. Finally, NewSquare Capital LLC bought a new position in DowDuPont during the third quarter valued at about $109,000. 68.83% of the stock is owned by institutional investors and hedge funds.

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About DowDuPont

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, traits and crop protection.

Analyst Recommendations for DowDuPont (NYSE:DWDP)