DowDuPont (DWDP) Given New $76.00 Price Target at BMO Capital Markets

DowDuPont (NYSE:DWDP) had its target price lowered by investment analysts at BMO Capital Markets from $80.00 to $76.00 in a research report issued on Friday. The brokerage presently has a “buy” rating on the stock. BMO Capital Markets’ target price points to a potential upside of 31.65% from the stock’s current price.

A number of other research firms have also recently commented on DWDP. Barclays cut their price objective on DowDuPont from $77.00 to $75.00 and set an “equal weight” rating for the company in a research report on Monday, August 6th. ValuEngine cut DowDuPont from a “hold” rating to a “sell” rating in a research report on Friday, August 3rd. Deutsche Bank restated a “buy” rating and issued a $72.00 price objective on shares of DowDuPont in a research report on Friday, October 12th. Stephens cut DowDuPont from an “overweight” rating to a “hold” rating and set a $63.00 price objective for the company. in a research report on Friday, October 19th. Finally, Alembic Global Advisors set a $90.00 price objective on DowDuPont and gave the company a “buy” rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have issued a buy rating to the stock. DowDuPont presently has a consensus rating of “Buy” and an average price target of $78.39.

DowDuPont stock opened at $57.73 on Friday. The company has a market capitalization of $125.58 billion, a PE ratio of 16.98, a price-to-earnings-growth ratio of 1.30 and a beta of 1.48. DowDuPont has a 12 month low of $51.32 and a 12 month high of $77.08. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.70 and a quick ratio of 1.15.

DowDuPont (NYSE:DWDP) last posted its quarterly earnings data on Thursday, November 1st. The company reported $0.74 EPS for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.03. The business had revenue of $20.12 billion during the quarter, compared to analysts’ expectations of $20.24 billion. DowDuPont had a return on equity of 8.46% and a net margin of 2.62%. The business’s revenue was up 31.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.55 earnings per share. As a group, equities analysts predict that DowDuPont will post 4.16 EPS for the current fiscal year.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cascade Investment Advisors Inc. boosted its stake in DowDuPont by 85.1% during the second quarter. Cascade Investment Advisors Inc. now owns 1,794 shares of the company’s stock worth $118,000 after buying an additional 825 shares during the last quarter. Arlington Partners LLC boosted its stake in DowDuPont by 334.8% during the third quarter. Arlington Partners LLC now owns 1,948 shares of the company’s stock worth $125,000 after buying an additional 1,500 shares during the last quarter. SG3 Management LLC acquired a new position in DowDuPont during the second quarter worth $132,000. D. Scott Neal Inc. acquired a new position in DowDuPont during the second quarter worth $152,000. Finally, JNBA Financial Advisors boosted its stake in DowDuPont by 291.0% during the third quarter. JNBA Financial Advisors now owns 2,420 shares of the company’s stock worth $156,000 after buying an additional 1,801 shares during the last quarter. 69.45% of the stock is currently owned by institutional investors.

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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