DowDuPont (NYSE:DWDP) Price Target Cut to $41.00 by Analysts at SunTrust Banks

DowDuPont (NYSE:DWDP) had its price objective reduced by research analysts at SunTrust Banks to $41.00 in a research report issued on Monday, April 8th, The Fly reports. The brokerage presently has a “positive” rating on the stock. SunTrust Banks’ price objective would indicate a potential upside of 17.51% from the company’s previous close.

Several other brokerages have also weighed in on DWDP. Citigroup lowered shares of DowDuPont from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $60.00 to $40.00 in a report on Tuesday, April 2nd. Barclays reissued a “hold” rating and set a $62.00 target price on shares of DowDuPont in a research report on Tuesday, January 15th. BMO Capital Markets dropped their target price on shares of DowDuPont from $67.00 to $46.00 and set an “outperform” rating for the company in a research report on Tuesday, April 2nd. Zacks Investment Research downgraded shares of DowDuPont from a “hold” rating to a “sell” rating in a research report on Monday, February 4th. Finally, Credit Suisse Group reissued an “outperform” rating and set a $68.00 target price (down previously from $79.00) on shares of DowDuPont in a research report on Friday, February 1st. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have issued a buy rating to the company. DowDuPont presently has a consensus rating of “Hold” and an average target price of $57.50.

NYSE:DWDP traded up $0.22 on Monday, reaching $34.89. The stock had a trading volume of 14,818,858 shares, compared to its average volume of 17,030,430. The firm has a market cap of $81.26 billion, a price-to-earnings ratio of 8.49, a price-to-earnings-growth ratio of 1.75 and a beta of 1.29. The company has a current ratio of 2.01, a quick ratio of 1.33 and a debt-to-equity ratio of 0.39. DowDuPont has a 12-month low of $32.86 and a 12-month high of $48.34.

DowDuPont (NYSE:DWDP) last released its earnings results on Thursday, May 2nd. The company reported $0.84 earnings per share (EPS) for the quarter, beating the Zacks’ 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 4.47% and a return on equity of 9.59%. The firm’s quarterly revenue was down 8.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.12 EPS. On average, equities research analysts forecast that DowDuPont will post 2.19 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in DowDuPont by 0.7% in the third quarter. Vanguard Group Inc. now owns 179,394,835 shares of the company’s stock valued at $11,536,882,000 after buying an additional 1,236,916 shares during the last quarter. Vanguard Group Inc increased its holdings in shares of DowDuPont by 0.7% during the third 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. Capital World Investors increased its holdings in shares of DowDuPont by 2.6% during the third quarter. Capital World Investors now owns 131,628,818 shares of the company’s stock valued at $8,465,049,000 after purchasing an additional 3,387,817 shares during the period. Capital International Investors increased its holdings in shares of DowDuPont by 217.7% during the third quarter. Capital International Investors now owns 31,674,850 shares of the company’s stock valued at $2,037,010,000 after purchasing an additional 21,705,299 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of DowDuPont by 6.4% during the fourth quarter. Geode Capital Management LLC now owns 27,423,521 shares of the company’s stock valued at $1,463,987,000 after purchasing an additional 1,648,165 shares during the period. Hedge funds and other institutional investors own 69.45% of the company’s stock.

DowDuPont Company Profile

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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