The stock of DuPont de Nemours Inc. (NYSE:DD) decreased by -$0.31 on Tuesday to finish at $74.47, down -0.41 percent. The last five days have seen an average of 2,463,120 shares of common stock traded. 10 times new highs were reached in the current year, with a gain of $5.84. The average number of shares traded over the last 20 days was 2,042,655, while the average volume over the last 50 days totaled 2,461,398.
DD stock dropped -1.23% since last month. On 08/22/23, the company’s shares reached a one-month low of $73.77. The stock touched a high of $78.74 on 07/27/23, after rallying from a low of $49.52 in 52 weeks. The price of DD stock has risen by 8.51% or $5.84 this year, reaching a new high 10 times. Still, the stock price is down -5.42% from the 52-week high.
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Insider Transactions
DD stock investors should be aware that DuPont de Nemours Inc. (DD) stock had its last reported insider trading activity 20 days ago on Aug 31. On Aug 31, SVP & Chief Strategy Officer Ratnakar Raj sold 50,633 shares at $77.42 each. This transaction resulted in the insider making $3,920,007. On Aug 25, Ratnakar Raj sold 15,838 shares at a price of US$74.56. After the transaction, the insider now owns 31,720 shares. President, Electronics & Indus Kemp Jon D. had earlier sold 5,200 shares on Aug 09 for $77.46 a share. The transaction was completed for $402,792.
Valuation Metrics
DuPont de Nemours Inc. (DD) has a trailing price-to-earnings (P/E) ratio of 36.78. Beta for the stock is 1.42. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.75, the price-to-book (PB) ratio of 1.31, and the price-to-cash flow ratio of 123.53.
Company paid $0.36 per share in dividends, remained unchanged from $0.36 last year. A $0.03 dividend increase was reported on Tuesday February 7 2023.
Financial Health
For the three months ended June 29, DuPont de Nemours Inc.’s quick ratio was 2.30, while its current ratio was 3.00, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.30, and the total debt to equity ratio is 0.31. As far as profitability goes, gross margin for the trailing twelve months is 34.90% percent. DuPont de Nemours Inc.’s EBITDA margin for the year ended June 29 was 24.25%, whereas its operating margin stood at 13.30% for the same period. Based on annual data, it had gross profit of $4.62 billion and revenue of $13.02 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. DD’s return on assets (ROA) during the last 12 months has been 11.30%. There was a 3.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 18.10%.
Earnings Surprise
According to DuPont de Nemours Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $3.09 billion, while revenues fell by -7.37% to $3.02 billion. It was predicted that DuPont de Nemours Inc.’s quarterly earnings would be $1.13, but it ended up being $0.95, beating the consensus by 18.90%. EBITDA was $728.0 million for the quarter. At the end of DuPont de Nemours Inc.’s most recent quarter ended June 29, its liabilities totaled 14.24 billion, while its total debt was $8.6 billion. Equity owned by shareholders amounts to $459.06 million.
Technical Picture
Here’s a quick look at DuPont de Nemours Inc.’s (DD) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 41.79%, suggesting the stock is Neutral, with a 11.07% historical volatility rate.
The stochastic %K and %D were 15.20% and 17.37% respectively, while the average true range (ATR) was 1.29. Based on the 14-day stochastic reading of 11.95%, the RSI (14) reading is 45.00%. On the 9-day MACD Oscillator, the stock is at -0.37, and the 14-day reading is at -0.96.
Analyst Ratings
In a note to investors, Citigroup maintained its a Neutral rating on DuPont de Nemours Inc. (NYSE: DD). However, the firm raised their price target to $75, indicating a possible decrease of -3.43% in the stock price. Analysts have assigned DuPont de Nemours Inc. (DD) an Overweight rating. DD is a stock that is recommended for selling by 0 brokerage firms, while 6 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 12 others recommend it as a buy.
What is DD’s price target for the next 12 months?
The current consensus forecast for the stock is between $73.00 and $92.00, with a median target price of $83.00. In analyzing these forecasts, the average price target given by analysts for DuPont de Nemours Inc. (DD) is $83.40.
