Du Pont (NYSE:DD) Receives Upgrade From Bank of America (Merrill Lynch). Will Other Analysts Follow Suit?


Du Pont (NYSE:DD) Stock Upgrade

In a comprehensive report disseminated on 18 December, Bank of America (Merrill Lynch) announced that they have decided to upgrade shares of Du Pont (NYSE:DD) stock from a “Underperform” to a “Buy”.

From a total of 16 analysts covering Du Pont (NYSE:DD) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is $85 while the lowest target price is $52. The mean of all analyst targets is $69.81 with a 2.07% above today’s ($63.4) stock price. Du Pont was the topic of 24 analyst reports since July 30, 2015 according to the firm StockzIntelligence Inc. Wells Fargo upgraded shares on December 14 to “Outperform” rating. Citigroup upgraded shares to “Buy” rating and $63 target share price in a report from a September 22. Deutsche Bank maintained DD stock in a recent report from December 10 with “Buy” rating. Vetr upgraded the rating on September 21. Vetr has a “Strong-Buy” rating and a $53.77 price target on shares. Finally, RBC Capital Markets maintained the stock with “Sector Perform” rating in a report issued on a December 4.

Approximately 14.21M shares of stock traded hands or 99.30% up from the average. E I Du Pont De Nemours And Co (NYSE:DD) has declined 2.22% since May 15, 2015 and is downtrending. It has outperformed by 1.58% 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 is 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 $57.08 billion. The Company’s subsidiaries and affiliates conduct manufacturing, seed production or selling activities and distribute products manufactured by the Company. It has 20.59 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.”