Better Times Ahead For DuPont de Nemours Inc (NYSE: DD)?

DuPont de Nemours Inc (DD) concluded trading on 01/11/24 at a closing price of $75.76, with 2.79 million shares of worth about $211.71 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 3.50% during that period and on Thursday the price saw a loss of about -0.55%. Currently the company’s common shares owned by public are about 458.12M shares, out of which, 428.50M shares are available for trading.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 92 times over the past 12 months. They bought 568,858 shares in 45 of the transactions. In 47 selling transactions, insiders dumped 290,698 shares.

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DuPont de Nemours Inc (NYSE: DD) started trading at $76.16, below -$0.02 from concluding price of the previous day. However, the stock later moved at a day high price of 76.16, or with a loss of -0.55%. Stock saw a price change of -1.04% in past 5 days and over the past one month there was a price change of 6.14%. Year-to-date (YTD), DD shares are showing a performance of -1.52% which increased to 2.49% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $62.80 but also hit the highest price of $78.74 during that period. The average intraday trading volume for DuPont de Nemours Inc shares is 2.90 million. The stock is currently trading 0.70% above its 20-day simple moving average (SMA20), while that difference is up 4.67% for SMA50 and it goes to 5.10% higher than SMA200.

DuPont de Nemours Inc (NYSE: DD) currently have 458.12M outstanding shares and institutions hold larger chunk of about 77.53% of that.

The stock has a current market capitalization of $32.58B and its 3Y-monthly beta is at 1.39. PE ratio of stock for trailing 12 months is 7.84, while it has posted earnings per share of $9.66 in the same period. Its PEG reads 0.79 and has Quick Ratio of 1.53 while making debt-to-equity ratio of 0.36. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for DD, volatility over the week remained 0.97% while standing at 1.26% over the month.

Analysts are in expectations that DuPont de Nemours Inc (DD) stock would likely to be making an EPS of $0.85 in the current quarter, while forecast for next quarter EPS is $0.88 and it is $3.95 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.82 which is $0.87 at the higher side of the target for the same. Stock’s fiscal year EPS is expected to rise by 1.49% while it is estimated to increase by 14.82% in next year. EPS is likely to shrink at an annualized rate of 9.97% for next 5-years, compared to annual growth of 33.90% made by the stock over the past 5-years.

Analysts at 19 brokerage firms have issued recommendations for the DuPont de Nemours Inc (DD)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.68. Out of those 19 Wall Street analysts, 12 recommended a “Buy” rating, while 6 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Citigroup on July 19, 2023 offering a Neutral rating for the stock and assigned a target price range of between $72 and $75 to it.

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