DowDuPont (NYSE:DWDP) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday, January 30th. The brokerage currently has a $85.00 price objective on the stock. Zacks Investment Research‘s price objective would indicate a potential upside of 19.01% from the company’s previous close.
According to Zacks, “DowDuPont Inc. operates as a holding company. It produces agricultural chemicals, material science, and specialty chemical products. Agriculture Business offers crop protection and seeds and traits. Material Science Business offers a range of solutions including consumer solutions and infrastructure solutions and plastics performance. Specialty Products Business includes protection solutions, electronics and communications, nutrition and health and industrial biosciences. DowDuPont Inc, formerly known as Dow Chemical Company, is based in Wilmington, United States. “
Other analysts have also issued reports about the company. Jefferies Group reissued a “buy” rating and issued a $80.00 price target on shares of DowDuPont in a research note on Sunday, October 8th. Credit Suisse Group raised their price target on DowDuPont from $79.00 to $82.00 and gave the stock an “outperform” rating in a research note on Friday, November 3rd. ValuEngine raised DowDuPont from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. UBS Group raised their price target on DowDuPont from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. Finally, Deutsche Bank assumed coverage on DowDuPont in a research note on Thursday, October 5th. They issued a “buy” rating and a $80.00 price target on the stock. Six analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $80.71.
Shares of DowDuPont (NYSE:DWDP) traded up $0.67 during mid-day trading on Tuesday, hitting $71.42. The stock had a trading volume of 5,395,556 shares, compared to its average volume of 9,147,512. DowDuPont has a twelve month low of $59.29 and a twelve month high of $77.08. The stock has a market capitalization of $166,790.00 and a PE ratio of 44.94. The company has a current ratio of 1.91, a quick ratio of 1.26 and a debt-to-equity ratio of 0.29.
DowDuPont (NYSE:DWDP) last announced its quarterly earnings results on Thursday, February 1st. The company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.16. The business had revenue of $20.07 billion during the quarter, compared to analysts’ expectations of $19.46 billion. DowDuPont had a return on equity of 8.21% and a net margin of 2.34%. The business’s quarterly revenue was up 54.1% on a year-over-year basis. analysts forecast that DowDuPont will post 4.15 EPS for the current year.
In other DowDuPont news, General Counsel Charles J. Kalil sold 40,528 shares of DowDuPont stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $71.51, for a total transaction of $2,898,157.28. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO James C. Jr. Collins sold 15,000 shares of DowDuPont stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $71.11, for a total value of $1,066,650.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 410,348 shares of company stock worth $29,424,849. Company insiders own 0.89% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. Tradewinds Capital Management LLC bought a new stake in shares of DowDuPont in the 3rd quarter valued at approximately $101,000. Winfield Associates Inc. bought a new stake in shares of DowDuPont in the 3rd quarter valued at approximately $103,000. Peddock Capital Advisors LLC acquired a new position in DowDuPont during the 3rd quarter valued at approximately $106,000. Financial Gravity Companies Inc. acquired a new position in DowDuPont during the 4th quarter valued at approximately $106,000. Finally, AllSquare Wealth Management LLC acquired a new position in DowDuPont during the 3rd quarter valued at approximately $108,000. Institutional investors own 68.94% of the company’s stock.
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DowDuPont Company Profile
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.
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