DuPont de Nemours (NYSE:DD) Cut to Neutral at JPMorgan Chase & Co.

JPMorgan Chase & Co. cut shares of DuPont de Nemours (NYSE:DD) from an overweight rating to a neutral rating in a research note released on Friday morning, Marketbeat reports. They currently have $145.00 price target on the basic materials company’s stock, down from their prior price target of $172.00.

A number of other research firms also recently issued reports on DD. Weiss Ratings reiterated a “sell (d+)” rating on shares of DuPont de Nemours in a report on Monday, August 3rd. The Goldman Sachs Group cut their price objective on shares of DuPont de Nemours from $159.00 to $153.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 30th. Royal Bank Of Canada reduced their target price on shares of DuPont de Nemours from $180.00 to $176.00 and set an “outperform” rating for the company in a report on Friday, August 7th. Citigroup decreased their target price on shares of DuPont de Nemours from $170.00 to $162.00 and set a “buy” rating for the company in a research report on Wednesday, October 7th. Finally, Zacks Research lowered shares of DuPont de Nemours from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 17th. Eleven research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, DuPont de Nemours has an average rating of “Moderate Buy” and a consensus price target of $163.47.

DuPont de Nemours Stock Up 0.1%

NYSE:DD opened at $130.08 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.82 and a current ratio of 2.43. The company has a market cap of $17.57 billion, a PE ratio of 289.12, a PEG ratio of 1.19 and a beta of 1.05. DuPont de Nemours has a 52-week low of $92.49 and a 52-week high of $157.98. The stock has a 50-day simple moving average of $134.66 and a 200 day simple moving average of $138.47.

DuPont de Nemours (NYSE:DD) last announced its earnings results on Tuesday, August 4th. The basic materials company reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.12. The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.81 billion. DuPont de Nemours had a return on equity of 6.92% and a net margin of 0.67%. DuPont de Nemours’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.12 EPS. DuPont de Nemours has set its Q3 2026 guidance at 1.800-1.900 EPS. On average, sell-side analysts expect that DuPont de Nemours will post 7.26 EPS for the current fiscal year.

Institutional Investors Weigh In On DuPont de Nemours

Several hedge funds have recently bought and sold shares of DD. Nalls Sherbakoff Group LLC bought a new position in shares of DuPont de Nemours in the fourth quarter valued at about $29,000. Elevation Wealth Partners LLC boosted its holdings in shares of DuPont de Nemours by 168.5% during the 2nd quarter. Elevation Wealth Partners LLC now owns 239 shares of the basic materials company’s stock worth $32,000 after buying an additional 150 shares during the period. Bangor Savings Bank bought a new stake in shares of DuPont de Nemours during the 3rd quarter worth about $36,000. Grove Bank & Trust acquired a new position in DuPont de Nemours in the 3rd quarter valued at about $40,000. Finally, Coastline Trust Co acquired a new position in DuPont de Nemours in the 3rd quarter valued at about $44,000. 73.96% of the stock is currently owned by institutional investors and hedge funds.

DuPont de Nemours Company Profile

DuPont de Nemours, Inc is a science and technology company that develops engineered materials, specialty chemicals and other performance solutions for industrial and consumer markets. Its products are used in areas including electronics and semiconductor manufacturing, water purification, healthcare, transportation, construction, aerospace, worker safety and industrial processing.

DuPont’s portfolio includes well-known brands and materials such as Kevlar aramid fiber, Nomex flame-resistant materials, Tyvek protective materials, Kapton polyimide film, Vespel high-performance parts and Corian solid-surface materials.