E.I. du Pont de Nemours and Company (DD) Stock Rating Upgraded by TheStreet

E.I. du Pont de Nemours and Company (DD) Stock Rating Upgraded by TheStreet

E.I. du Pont de Nemours and Company (NYSE:DD) was upgraded by stock analysts at TheStreet from a “c+” rating to a “b” rating in a research note issued to investors on Tuesday.

DD has been the subject of several other reports. Zacks Investment Research cut E.I. du Pont de Nemours and Company from a “buy” rating to a “hold” rating in a research note on Tuesday, September 27th. Citigroup Inc. upgraded E.I. du Pont de Nemours and Company from a “neutral” rating to a “buy” rating and upped their target price for the stock from $72.00 to $76.00 in a research note on Monday, October 3rd. Nomura initiated coverage on E.I. du Pont de Nemours and Company in a research note on Tuesday, October 18th. They set a “buy” rating and a $78.00 target price for the company. Sanford C. Bernstein restated an “overweight” rating on shares of E.I. du Pont de Nemours and Company in a research note on Friday, December 23rd. Finally, Barclays PLC upped their target price on E.I. du Pont de Nemours and Company from $75.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. E.I. du Pont de Nemours and Company currently has a consensus rating of “Hold” and an average price target of $72.12.

Shares of E.I. du Pont de Nemours and Company (NYSE:DD) traded up 0.0942% during mid-day trading on Tuesday, hitting $78.0635. The stock had a trading volume of 1,020,881 shares. The firm’s 50-day moving average price is $74.39 and its 200 day moving average price is $70.27. E.I. du Pont de Nemours and Company has a 12-month low of $50.71 and a 12-month high of $78.36. The stock has a market cap of $67.37 billion, a price-to-earnings ratio of 27.3427 and a beta of 1.71.

E.I. du Pont de Nemours and Company (NYSE:DD) last issued its quarterly earnings results on Tuesday, January 24th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.09. The business earned $5.20 billion during the quarter, compared to analysts’ expectations of $5.27 billion. E.I. du Pont de Nemours and Company had a return on equity of 29.26% and a net margin of 10.22%. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.96 earnings per share. Equities analysts forecast that E.I. du Pont de Nemours and Company will post $3.70 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 14th. Shareholders of record on Wednesday, February 15th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.95%. E.I. du Pont de Nemours and Company’s payout ratio is currently 53.33%.

A number of hedge funds have recently modified their holdings of DD. Penobscot Investment Management Company Inc. increased its stake in shares of E.I. du Pont de Nemours and Company by 0.4% in the second quarter. Penobscot Investment Management Company Inc. now owns 37,485 shares of the company’s stock worth $2,429,000 after buying an additional 146 shares during the last quarter. Schulhoff & Co. Inc. increased its stake in shares of E.I. du Pont de Nemours and Company by 3.8% in the second quarter. Schulhoff & Co. Inc. now owns 27,410 shares of the company’s stock worth $1,776,000 after buying an additional 1,000 shares during the last quarter. Nicolet Bankshares Inc. acquired a new stake in shares of E.I. du Pont de Nemours and Company during the second quarter worth $209,000. Parsec Financial Management Inc. increased its stake in shares of E.I. du Pont de Nemours and Company by 3.7% in the second quarter. Parsec Financial Management Inc. now owns 5,254 shares of the company’s stock worth $340,000 after buying an additional 188 shares during the last quarter. Finally, First Citizens Bank & Trust Co. acquired a new stake in shares of E.I. du Pont de Nemours and Company during the second quarter worth $406,000. Hedge funds and other institutional investors own 70.87% of the company’s stock.

E.I. du Pont de Nemours and Company Company Profile

E. I. du Pont de Nemours and Company (DuPont) is a science and technology-based company. The Company consists of over 10 businesses aggregated into six segments: Agriculture, Electronics & Communications, Industrial Biosciences, Nutrition & Health, Performance Materials and Safety & Protection. Its products include corn hybrids and soybean varieties, herbicides, fungicides and insecticides in Agriculture segment; photopolymers and electronic materials in Electronics & Communications segment; enzymes and bio-based materials in Industrial Biosciences segment; cultures, emulsifiers, texturants, natural sweeteners and soy-based food ingredients in Nutrition & Health segment; engineering polymers, packaging and industrial polymers, films and elastomers in Performance Materials segment, and nonwovens, aramids and solid surfaces in Safety & Protection segment.

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