DowDuPont (DWDP) Price Target Lowered to $67.00 at Citigroup

DowDuPont (NYSE:DWDP) had its price objective reduced by analysts at Citigroup to $67.00 in a research report issued to clients and investors on Monday, The Fly reports. The firm currently has a “buy” rating on the stock. Citigroup’s target price points to a potential upside of 16.06% from the company’s previous close. The analysts noted that the move was a valuation call.

Other research analysts have also recently issued reports about the stock. Deutsche Bank reissued a “buy” rating and set a $72.00 target price on shares of DowDuPont in a research report on Friday, October 12th. MED reissued a “buy” rating and set a $90.00 target price on shares of DowDuPont in a research report on Thursday, August 2nd. UBS Group boosted their target price on shares of DowDuPont from $86.00 to $88.00 and gave the stock a “buy” rating in a research report on Thursday, August 2nd. Alembic Global Advisors set a $90.00 target price on shares of DowDuPont and gave the stock a “buy” rating in a research report on Thursday. Finally, BMO Capital Markets reduced their target price on shares of DowDuPont from $80.00 to $76.00 and set a “buy” rating on the stock in a research report on Friday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $78.00.

NYSE DWDP opened at $57.73 on Monday. DowDuPont has a 52 week low of $51.32 and a 52 week high of $77.08. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.05 and a current ratio of 1.64. The firm has a market cap of $134.45 billion, a PE ratio of 16.98, a PEG ratio of 1.39 and a beta of 1.48.

DowDuPont (NYSE:DWDP) last posted its earnings results on Thursday, November 1st. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.03. DowDuPont had a net margin of 2.45% and a return on equity of 9.38%. The business had revenue of $20.12 billion for the quarter, compared to analysts’ expectations of $20.24 billion. During the same period in the previous year, the company posted $0.55 earnings per share. The business’s revenue for the quarter was up 31.1% compared to the same quarter last year. As a group, equities research analysts anticipate that DowDuPont will post 4.15 earnings per share for the current year.

In other DowDuPont news, CEO Edward D. Breen bought 29,580 shares of the stock in a transaction on Wednesday, August 8th. The stock was purchased at an average price of $67.61 per share, for a total transaction of $1,999,903.80. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Charles J. Kalil sold 100,645 shares of the business’s stock in a transaction on Monday, August 27th. The shares were sold at an average price of $70.75, for a total transaction of $7,120,633.75. The disclosure for this sale can be found here. Corporate insiders own 0.42% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the business. Third Point LLC increased its stake in DowDuPont by 1.6% during the second quarter. Third Point LLC now owns 14,300,000 shares of the company’s stock valued at $942,656,000 after purchasing an additional 225,000 shares during the last quarter. Macquarie Group Ltd. increased its stake in DowDuPont by 4.4% during the second quarter. Macquarie Group Ltd. now owns 10,591,777 shares of the company’s stock valued at $698,219,000 after purchasing an additional 450,504 shares during the last quarter. Epoch Investment Partners Inc. increased its stake in DowDuPont by 2.7% during the second quarter. Epoch Investment Partners Inc. now owns 8,872,180 shares of the company’s stock valued at $584,854,000 after purchasing an additional 233,310 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of DowDuPont by 4.6% during the second quarter. Dimensional Fund Advisors LP now owns 8,846,477 shares of the company’s stock worth $583,184,000 after acquiring an additional 388,187 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in shares of DowDuPont by 1.0% during the second quarter. Schwab Charles Investment Management Inc. now owns 8,630,470 shares of the company’s stock worth $568,921,000 after acquiring an additional 84,168 shares during the last quarter. Hedge funds and other institutional investors own 69.45% of the company’s stock.

DowDuPont Company Profile

DowDuPont Inc, through its subsidiaries, engages in agriculture, materials science, and specialty products businesses worldwide. The company's Agriculture segment develops and sells hybrid corn seed and soybean seed varieties; canola, cotton, sunflower, sorghum, wheat, and rice seeds; silage inoculants; and weed control, disease control, and insect control products.

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