DowDuPont (NYSE:DWDP) Coverage Initiated at Goldman Sachs Group

Goldman Sachs Group began coverage on shares of DowDuPont (NYSE:DWDP) in a research note published on Friday, March 29th, Benzinga’s Daily Ratings Newsletter reports. The brokerage issued a neutral rating and a $42.00 price target on the stock.

A number of other brokerages also recently issued reports on DWDP. JPMorgan Chase & Co. downgraded DowDuPont from an overweight rating to a neutral rating in a research report on Friday, February 1st. DZ Bank downgraded DowDuPont from a buy rating to a hold rating in a research report on Monday, February 4th. Royal Bank of Canada dropped their price target on DowDuPont to $64.00 and set a top pick rating for the company in a research report on Tuesday, March 19th. BMO Capital Markets lifted their price target on DowDuPont from $66.00 to $67.00 and gave the company an outperform rating in a research report on Tuesday, February 26th. Finally, Bank of America set a $70.00 price target on DowDuPont and gave the company a buy rating in a research report on Saturday, February 2nd. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have given a buy rating to the company’s stock. DowDuPont currently has a consensus rating of Hold and a consensus target price of $57.80.

DWDP traded down $0.20 during trading hours on Friday, hitting $39.00. The stock had a trading volume of 7,169,621 shares, compared to its average volume of 15,036,733. DowDuPont has a 1 year low of $16.30 and a 1 year high of $39.56. The firm has a market cap of $90.83 billion, a P/E ratio of 9.49, a price-to-earnings-growth ratio of 1.75 and a beta of 1.28. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.33 and a current ratio of 2.01.

DowDuPont (NYSE:DWDP) last posted its earnings results on Thursday, January 31st. The company reported $0.88 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.89 by ($0.01). The company had revenue of $20.10 billion for the quarter, compared to analysts’ expectations of $21.11 billion. DowDuPont had a net margin of 4.47% and a return on equity of 9.59%. As a group, research analysts predict that DowDuPont will post 2.23 earnings per share for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the business. Manchester Capital Management LLC increased its stake in shares of DowDuPont by 0.9% during the fourth quarter. Manchester Capital Management LLC now owns 21,747 shares of the company’s stock valued at $1,434,000 after buying an additional 191 shares during the period. Kovack Advisors Inc. increased its stake in shares of DowDuPont by 2.4% during the fourth quarter. Kovack Advisors Inc. now owns 8,372 shares of the company’s stock valued at $448,000 after buying an additional 193 shares during the period. Bogart Wealth LLC increased its stake in shares of DowDuPont by 46.5% during the fourth quarter. Bogart Wealth LLC now owns 630 shares of the company’s stock valued at $33,000 after buying an additional 200 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. increased its stake in shares of DowDuPont by 3.8% during the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 5,464 shares of the company’s stock valued at $292,000 after buying an additional 200 shares during the period. Finally, Cottage Street Advisors LLC increased its stake in shares of DowDuPont by 0.4% during the fourth quarter. Cottage Street Advisors LLC now owns 56,473 shares of the company’s stock valued at $3,020,000 after buying an additional 201 shares during the period. 69.37% of the stock is currently owned by institutional investors and hedge funds.

About DowDuPont

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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Analyst Recommendations for DowDuPont (NYSE:DWDP)

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