DuPont (NYSE:DD) Receives a Downgrade
In recent note published on 14 December, Jefferies has decided to downgraded rating on DuPont (NYSE:DD) shares to a Hold. DD’s prior rating was a Buy.
From a total of 18 analysts covering Du Pont (NYSE:DD) stock, 7 rate it a ”Buy”, 1 a “Sell”, and 14 a ”Hold”. This means that 32% of the ratings are positive. The highest target price is $85 while the lowest target price is $50. The mean of all analyst targets is $65.39 with a -5.17% below today’s ($68.24) stock price. Du Pont was the topic of 22 analyst reports since July 30, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank maintained shares on December 10 with “Buy” rating. Vetr upgraded shares to “Strong-Buy” rating and $53.77 target share price in a report from a September 21. RBC Capital Markets maintained DD stock in a recent report from December 4 with “Sector Perform” rating. Bernstein initiated the rating on September 11. Bernstein has a “Mkt Perform” rating and a $56 price target on shares. Finally, Citigroup upgraded the stock to “Buy” rating in a report issued on a September 22.
Approximately 5.81M shares of stock traded hands. E I Du Pont De Nemours And Co (NYSE:DD) has declined 6.58% since May 11, 2015 and is downtrending. It has underperformed by 2.16% the S&P500.
The overall sentiment of institutions has decreased to 0.75 in Q2 2015. Its down 0.13, from 0.88 in 2015Q2. The ratio turned negative, as 126 institutions have sold all the shares of E I Du Pont De Nemours And Co that they owned while 483 funds have taken shares off the table. 65 funds have purchased shares for the first time while 392 added to their positions. These institutions now hold 607.81 million shares or 2.46% more than the 593.20 million shares they owned in 2015Q2.
The Fund Folger Nolan Fleming Douglas Capital Management Inc currently is holding shares equating to 25.6% of its total portfolio in E I Du Pont De Nemours And Co representing a total of 2.59 million shares. Another fund,Dupont Capital Management Corp, is holding a total of 9.97 million shares equating to 12.14% of their holdings. Additionally, Trian Fund Management L.P. has a 25.80 million share stake in E I Du Pont De Nemours And Co which represents 10.62% of their total portfolio. The Fund, Vnbtrust National Association, based out of Virginia, has also built up a stake in the stock, which represents a total of 5.96% of their total portfolio. Finally Highfields Capital Management Lp, a fund which is based in the state of Massachusetts reported a total holdings of 11.45 million shares.
E. I. du Pont de Nemours and Company is a science and technology company. The company has a market cap of $62.12 billion. The Company’s subsidiaries and affiliates conduct manufacturing, seed production or selling activities and distribute products manufactured by the Company. It has 22.17 P/E ratio. The Company’s divisions include Agriculture, Electronics & Communications, Industrial Biosciences, Nutrition & Health, Performance Materials and Safety & Protection.
According to Zacks Investment Research, “E.I. DuPont de Nemours is involved in science and technology in a range of disciplines including high-performance materials, specialty chemicals, pharmaceuticals and biotechnology. The company operates globally through strategic business units. Within the strategic business units, businesses manufacture and sell a wide range of products to many different markets, including the transportation, textile, construction, automotive, agricultural and hybrid seeds, nutrition and health, pharmaceuticals, packaging and electronics markets.”