BMO Capital Markets Cuts DowDuPont (DWDP) Price Target to $76.00

DowDuPont (NYSE:DWDP) had its price objective reduced by BMO Capital Markets from $80.00 to $76.00 in a report issued on Friday morning. They currently have a buy rating on the stock.

A number of other analysts have also recently commented on the company. Nomura cut DowDuPont from a buy rating to a neutral rating and dropped their price objective for the stock from $81.00 to $76.00 in a research report on Wednesday, September 26th. ValuEngine cut DowDuPont from a hold rating to a sell rating in a research report on Friday, September 28th. BNP Paribas initiated coverage on DowDuPont in a research report on Tuesday, October 2nd. They set a neutral rating and a $75.00 price objective for the company. Citigroup dropped their price objective on DowDuPont from $81.00 to $79.00 and set a buy rating for the company in a research report on Friday, September 21st. Finally, Deutsche Bank reiterated a buy rating and set a $72.00 price objective on shares of DowDuPont in a research report on Friday, October 12th. One analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have given a buy rating to the stock. DowDuPont presently has an average rating of Buy and a consensus target price of $78.00.

NYSE:DWDP opened at $57.63 on Friday. The firm has a market cap of $134.45 billion, a PE ratio of 16.95, a PEG ratio of 1.39 and a beta of 1.48. 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 current ratio of 1.64 and a quick ratio of 1.05.

DowDuPont (NYSE:DWDP) last posted its quarterly earnings data on Thursday, November 1st. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.03. The firm had revenue of $20.12 billion during the quarter, compared to analysts’ expectations of $20.24 billion. DowDuPont had a return on equity of 9.38% and a net margin of 2.45%. The firm’s quarterly revenue was up 31.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.55 EPS. On average, analysts expect that DowDuPont will post 4.15 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.64%. The ex-dividend date of this dividend is Thursday, November 29th. DowDuPont’s dividend payout ratio (DPR) is 44.71%.

In other DowDuPont news, General Counsel Charles J. Kalil sold 100,645 shares of DowDuPont stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $70.75, for a total value of $7,120,633.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Edward D. Breen purchased 29,580 shares of the stock in a transaction on Wednesday, August 8th. The stock was acquired at an average price of $67.61 per share, with a total value of $1,999,903.80. The disclosure for this purchase can be found here. 0.42% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DWDP. Ruffer LLP lifted its stake in shares of DowDuPont by 22,779.8% in the 2nd quarter. Ruffer LLP now owns 3,412,744 shares of the company’s stock valued at $225,087,000 after purchasing an additional 3,397,828 shares in the last quarter. Bank of Montreal Can lifted its position in DowDuPont by 41.8% during the 2nd quarter. Bank of Montreal Can now owns 3,903,088 shares of the company’s stock worth $257,292,000 after acquiring an additional 1,149,757 shares in the last quarter. American Century Companies Inc. lifted its position in DowDuPont by 65.6% during the 2nd quarter. American Century Companies Inc. now owns 2,228,118 shares of the company’s stock worth $146,878,000 after acquiring an additional 882,544 shares in the last quarter. CIBC Private Wealth Group LLC lifted its position in DowDuPont by 51.9% during the 2nd quarter. CIBC Private Wealth Group LLC now owns 2,240,329 shares of the company’s stock worth $147,683,000 after acquiring an additional 765,757 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board lifted its position in DowDuPont by 201.6% during the 2nd quarter. Ontario Teachers Pension Plan Board now owns 902,513 shares of the company’s stock worth $59,494,000 after acquiring an additional 603,259 shares in the last quarter. 69.45% of the stock is currently owned by institutional investors and hedge funds.

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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Analyst Recommendations for DowDuPont (NYSE:DWDP)

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