DowDuPont (NYSE:DWDP) had its price objective dropped by research analysts at Barclays from $58.00 to $37.00 in a report released on Tuesday, May 7th, BenzingaRatingsTable reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s target price would suggest a potential upside of 18.70% from the stock’s current price.
Other research analysts have also issued reports about the stock. Jefferies Financial Group lowered their price objective on shares of DowDuPont from $66.00 to $62.00 and set a “buy” rating on the stock in a research note on Friday, March 29th. Argus lowered their price objective on shares of DowDuPont from $81.00 to $70.00 and set a “buy” rating on the stock in a research note on Tuesday, February 5th. Bank of America set a $70.00 price objective on shares of DowDuPont and gave the stock a “buy” rating in a research note on Saturday, February 2nd. UBS Group assumed coverage on shares of DowDuPont in a research note on Wednesday, April 3rd. They set a “buy” rating and a $45.00 price objective on the stock. Finally, DZ Bank downgraded shares of DowDuPont from a “buy” rating to a “hold” rating in a report on Monday, February 4th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $55.75.
Shares of DowDuPont stock traded up $0.08 during trading on Tuesday, hitting $31.17. 14,305,600 shares of the stock were exchanged, compared to its average volume of 16,914,969. The firm has a market capitalization of $72.90 billion, a PE ratio of 7.58, a P/E/G ratio of 1.44 and a beta of 1.29. DowDuPont has a 1-year low of $30.06 and a 1-year high of $48.34. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.72 and a quick ratio of 1.14.
DowDuPont (NYSE:DWDP) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.14. The company had revenue of $19.65 billion for the quarter, compared to analyst estimates of $19.47 billion. DowDuPont had a net margin of 3.88% and a return on equity of 9.05%. DowDuPont’s revenue for the quarter was down 8.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.12 EPS. As a group, analysts expect that DowDuPont will post 2.14 EPS for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc boosted its holdings in DowDuPont by 0.7% in the 3rd quarter. Vanguard Group Inc now owns 179,394,835 shares of the company’s stock valued at $11,536,882,000 after purchasing an additional 1,236,916 shares during the period. BlackRock Inc. boosted its holdings in DowDuPont by 2.1% in the 1st quarter. BlackRock Inc. now owns 147,629,279 shares of the company’s stock valued at $7,870,117,000 after purchasing an additional 3,055,557 shares during the period. Geode Capital Management LLC boosted its holdings in DowDuPont by 8.5% in the 1st quarter. Geode Capital Management LLC now owns 29,754,256 shares of the company’s stock valued at $1,583,469,000 after purchasing an additional 2,330,735 shares during the period. Northern Trust Corp boosted its holdings in DowDuPont by 2.5% in the 4th quarter. Northern Trust Corp now owns 27,001,522 shares of the company’s stock valued at $1,444,041,000 after purchasing an additional 659,376 shares during the period. Finally, Norges Bank bought a new stake in DowDuPont in the 4th quarter valued at about $1,073,626,000. 67.78% of the stock is owned by hedge funds and other institutional investors.
DowDuPont Inc, through its subsidiaries, engages in agriculture, materials science, and specialty products businesses in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. The company's Agriculture segment produces, and sells hybrid corn seed and soybean seed varieties; sunflowers, wheat, alfalfa, canola, cotton, rice, and sorghum; silage inoculants; and crop protection products that include weed control, disease control, and insect control.
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