E I Du Pont De Nemours And Co (NYSE:DD) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday, August 30th.
According to Zacks, “DuPont’s adjusted earnings for second-quarter 2017 topped the Zacks Consensus Estimate. Revenues also rose year over year and beat expectations. DuPont has outperformed the industry it belongs to over a year. DuPont is well placed to gain from its cost-cutting and productivity improvement measures. The company's aggressive actions to cut operational costs should continue to lend support to its earnings. Its agriculture business is also gaining from new product launches. The company has numerous new products in its pipeline that should contribute to top line growth. DuPont is also moving forward with its planned mega-merger with Dow Chemical, which is expected to create significant synergies. However, DuPont is exposed to raw material cost pressure and currency headwind and also faces certain challenges in its nutrition & health and electronics businesses. Its agriculture business is also not out of the woods yet.”
Several other equities research analysts have also recently commented on DD. BidaskClub raised E I Du Pont De Nemours And from a “sell” rating to a “hold” rating in a research note on Saturday, August 19th. Jefferies Group LLC reissued a “buy” rating and issued a $96.00 price target on shares of E I Du Pont De Nemours And in a research note on Tuesday, August 29th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $80.89.
E I Du Pont De Nemours And (NYSE DD) remained flat at $83.93 during midday trading on Wednesday. The company’s stock had a trading volume of 34,861,021 shares. E I Du Pont De Nemours And has a 52 week low of $66.02 and a 52 week high of $86.36. The stock has a market cap of $72.83 billion, a PE ratio of 32.79 and a beta of 1.76. The company has a 50 day moving average price of $82.87 and a 200-day moving average price of $80.79.
E I Du Pont De Nemours And (NYSE:DD) last announced its quarterly earnings results on Tuesday, July 25th. The basic materials company reported $1.38 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.29 by $0.09. The business had revenue of $7.42 billion during the quarter, compared to analysts’ expectations of $7.28 billion. E I Du Pont De Nemours And had a return on equity of 29.17% and a net margin of 11.57%. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.24 EPS. Analysts forecast that E I Du Pont De Nemours And will post $3.85 EPS for the current year.
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In other news, SVP Benito Cachinero sold 10,621 shares of the stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $81.67, for a total transaction of $867,417.07. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.31% of the stock is currently owned by corporate insiders.
Several hedge funds have recently made changes to their positions in DD. BSW Wealth Partners boosted its holdings in E I Du Pont De Nemours And by 0.5% in the second quarter. BSW Wealth Partners now owns 2,939 shares of the basic materials company’s stock valued at $237,000 after acquiring an additional 14 shares during the last quarter. Ronald Blue & Co. LLC boosted its holdings in E I Du Pont De Nemours And by 0.4% in the second quarter. Ronald Blue & Co. LLC now owns 4,323 shares of the basic materials company’s stock valued at $349,000 after acquiring an additional 16 shares during the last quarter. Lee Danner & Bass Inc. boosted its holdings in E I Du Pont De Nemours And by 0.4% in the first quarter. Lee Danner & Bass Inc. now owns 4,570 shares of the basic materials company’s stock valued at $367,000 after acquiring an additional 19 shares during the last quarter. Vaughan David Investments Inc. IL boosted its holdings in E I Du Pont De Nemours And by 0.4% in the first quarter. Vaughan David Investments Inc. IL now owns 7,281 shares of the basic materials company’s stock valued at $585,000 after acquiring an additional 26 shares during the last quarter. Finally, Berkeley Capital Partners LLC boosted its holdings in E I Du Pont De Nemours And by 0.4% in the first quarter. Berkeley Capital Partners LLC now owns 6,420 shares of the basic materials company’s stock valued at $516,000 after acquiring an additional 27 shares during the last quarter. Institutional investors own 71.21% of the company’s stock.
E I Du Pont De Nemours And Company Profile
E. I. du Pont de Nemours and Company is a science and technology-based company. It operates through six segments: Agriculture, Electronics & Communications (E&C), Industrial Biosciences, Nutrition & Health, Performance Materials and Protection Solutions. Its Agriculture segment includes products, such as corn hybrids and soybean varieties, herbicides, fungicides and insecticides.
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