Zacks Investment Research Downgrades DowDuPont (DWDP) to Sell

DowDuPont (NYSE:DWDP) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.

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 research analysts have also recently issued reports about the stock. Citigroup decreased their price objective on shares of DowDuPont to $67.00 and set a “buy” rating for the company in a report on Monday. They noted that the move was a valuation call. TheStreet cut shares of DowDuPont from a “b-” rating to a “c+” rating in a report on Thursday, November 1st. JPMorgan Chase & Co. decreased their price objective on shares of DowDuPont from $75.00 to $65.00 and set an “overweight” rating for the company in a report on Friday, November 2nd. Nomura decreased their price objective on shares of DowDuPont from $76.00 to $73.00 and set a “neutral” rating for the company in a report on Friday, November 2nd. Finally, BMO Capital Markets decreased their price objective on shares of DowDuPont from $80.00 to $76.00 and set a “buy” rating for the company in a report on Friday, November 2nd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $78.00.

NYSE DWDP traded up $1.81 on Wednesday, hitting $59.83. The stock had a trading volume of 12,071,897 shares, compared to its average volume of 9,000,536. DowDuPont has a one year low of $51.32 and a one year high of $77.08. The company has a current ratio of 1.64, a quick ratio of 1.05 and a debt-to-equity ratio of 0.27. The stock has a market cap of $134.45 billion, a price-to-earnings ratio of 17.60, a price-to-earnings-growth 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 the consensus estimate of $0.71 by $0.03. DowDuPont had a net margin of 2.45% and a return on equity of 9.38%. The firm had revenue of $20.12 billion during the quarter, compared to analysts’ expectations of $20.24 billion. During the same quarter in the prior year, the firm earned $0.55 EPS. DowDuPont’s quarterly revenue was up 31.1% on a year-over-year basis. As a group, equities research analysts expect that DowDuPont will post 4.15 earnings per share for the current fiscal year.

In related news, General Counsel Charles J. Kalil sold 100,645 shares of the stock in a transaction that occurred 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.42% of the stock is owned by corporate insiders.

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

About DowDuPont

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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