At the time of writing, DuPont de Nemours Inc [DD] stock is trading at $73.72, up 0.27%. An important factor to consider is whether the stock is rising or falling in short-term value. The DD shares have gain 2.33% over the last week, with a monthly amount glided 7.70%, and seem to be holding up well over a long-time horizon.
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On 18, March 2024, DuPont and Menatek announce collaboration in the Global Bearing Market with NAZ Bearings®. In a post published today on Yahoo Finance, DuPont (NYSE: DD) and Menatek Defense Technologies today announced that they have entered into an agreement related to the global bearing market. This collaboration between the two companies involves NAZ Bearings®, an innovative bearing that is self-lubricating and maintenance free.
From an analyst’s perspective:
Previously, Wells Fargo downgraded its rating to Equal Weight on January 24, 2024, and dropped its price target to $69. On January 24, 2024, downgrade downgraded it’s rating to Market Perform and revised its price target to $72 on the stock. BofA Securities downgraded its rating to a Underperform and increased its price target to $80 on January 16, 2024. Citigroup reiterated its recommendation of a Neutral and raised its price target to $75 on July 19, 2023. Citigroup started tracking with a Neutral rating for this stock on June 14, 2023, and assigned it a price target of $72. In a note dated May 15, 2023, Deutsche Bank upgraded an Buy rating on this stock and boosted its target price from $70 to $80.
For the past year, the stock price of DuPont de Nemours Inc fluctuated between $61.14 and $78.74. Currently, Wall Street analysts expect the stock to reach $89.64 within the next 12 months. DuPont de Nemours Inc [NYSE: DD] shares were valued at $73.72 at the most recent close of the market. An investor can expect a potential return of 21.6% based on the average DD price forecast.
Analyzing the DD fundamentals
According to DuPont de Nemours Inc [NYSE:DD], the company’s sales were 12.07B for trailing twelve months, which represents an -6.64% plunge. Gross Profit Margin for this corporation currently stands at 0.35% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at 0.05%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.02 and Total Capital is 0.01. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.32.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 73.33 points at the first support level, and at 72.94 for the second support level. However, for the 1st resistance point, the stock is sitting at 74.14, and for the 2nd resistance point, it is at 74.56.
DuPont de Nemours Inc [DD] reported earnings per share of $0.87 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.85/share, meaning a difference of $0.02 and a surprise factor of 2.40%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.92 per share as compared to estimates of $0.84 per share, a difference of $0.08 representing a surprise of 9.50%.
Ratios To Look Out For
It is important to note that DuPont de Nemours Inc [NYSE:DD] has a current ratio of 2.43. On the other hand, the Quick Ratio is 1.73, and the Cash Ratio is 0.9. Considering the valuation of this stock, the price to sales ratio is 2.55, the price to book ratio is 1.31 and price to earnings (TTM) ratio is 79.65.
Transactions by insiders
Recent insider trading involved Goss Michael G., Controller, that happened on Mar 13 ’24 when 2354.0 shares were sold. SVP & CIO, Larrabee Steven P. completed a deal on Nov 14 ’23 to sell 3700.0 shares. Meanwhile, SVP & Chief Strategy Officer Ratnakar Raj sold 50633.0 shares on Aug 31 ’23.
