Citigroup Raises Price Target for DuPont de Nemours (NYSE:DD)

Citigroup has raised its price target for DuPont de Nemours (NYSE:DD) from $88.00 to $95.00, indicating a positive outlook for the company's stock. This adjustment suggests a potential upside of approximately 14.31% based on the stock's previous closing price. Along with the updated price target, Citigroup has also assigned a "buy" rating on the stock, reflecting their confidence in the company’s future performance.

Recent Analyst Ratings

In addition to Citigroup's upgrades, other analysts have recently provided their insights on DuPont de Nemours. For instance, StockNews.com modified its rating on the stock from "buy" to "hold" just a day prior to Citigroup's report. On the other hand, Wolfe Research increased their rating from "peer perform" to "outperform" with a target price set at $91.00.

Barclays also made notable changes, raising their target price from $85.00 to $89.00, while upgrading the stock from an "underweight" to an "equal weight" rating. Meanwhile, Morgan Stanley raised their price target from $88.00 to $94.00, maintaining an "equal weight" rating. Lastly, Wells Fargo reduced its target for the stock from $107.00 to $105.00 and continues to hold an "overweight" stance.

Market Performance

On Thursday, DuPont de Nemours' stock rose by 1.6%, reaching $83.11. Trading volume was 753,663 shares, compared to an average of 2,413,959 shares. The company's financial ratios include a current ratio of 2.28 and a quick ratio of 1.49, alongside a debt-to-equity ratio of 0.29. As for the stock performance over the past year, it has fluctuated between a low of $66.60 and a high of $90.06.

Quarterly Earnings Results

DuPont de Nemours recently announced its quarterly earnings on February 11th, reporting an earnings per share (EPS) of $1.13, which surpassed the consensus estimate of $0.98. The company also recorded a return on equity of 6.64% and a net margin of 6.35%. Looking ahead, analysts predict an EPS of 3.91 for the current fiscal year.

Institutional Investment Trends

Institutional investors have been actively trading shares of DuPont de Nemours. In the recent quarter, several firms have taken positions in the company. For example, Hager Investment Management Services LLC acquired a new stake worth $26,000, and Aster Capital Management DIFC Ltd significantly increased its holdings by 479.4% to own 365 shares valued at $28,000.

Byrne Asset Management LLC and Vision Financial Markets LLC also made new investments in the company, while Golden State Wealth Management LLC purchased shares worth $33,000. Currently, about 73.96% of DuPont de Nemours' stock is held by institutional investors.

Company Overview

DuPont de Nemours, Inc. operates globally, providing technology-based materials and solutions across various regions including North America, Europe, Asia-Pacific, and others. The company has multiple segments, such as Electronics & Industrial and Water & Protection, focusing on supplying essential materials and solutions for industries like semiconductors.

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