DuPont de Nemours, Inc. (DD): Take A Look At It Now

The stock of DuPont de Nemours, Inc. (NYSE:DD) has been Upgraded to Outperform from Neutral by Exane BNP Paribas in its latest research note that was published on August 30. Cowen analysts again handed out a Outperform rating to DD stock but they lifted target price for the shares in a flash note to investors on August 20. The price target has been raised from $83 to $77.

DuPont’s stock is covered by 25 analysts, with 8 of them rating the stock as Buy. It has been deemed to have strong buy by 7 of the analysts, 10 of them have rated it as a Hold while none of them rated it as sell. The situation was different a month ago when the stock was rated as a Buy by only 8 analysts. 7 of them rated it as strong buy with 9 of them recommended investors to Hold on to the stock. Meanwhile, none analyst(s) rated it as a sell. The above data shows that DD has an average analyst rating of 2.08.

DuPont de Nemours, Inc., which has current market capitalization of above $52 Billion, published its last quarter earnings on March 31, 2019. The company was able to amass $5468 million in revenue. This figure is $-158.64 million less than what analysts had expected, which was $5626.64 million. During that quarter, the company also recorded $0.97 earnings per share (EPS) which is $0.13 above the $0.84 estimated by Thomson Reuter’s analyst, leading to a surprise factor of 15.7%.

DD surged by $3.60 during the normal trading session on Friday and reaching a high of $69.37 during the day while it closed the day at $67.93. The DuPont stock had a low trading volume of 3.86 million shares on that day, which is low compared to the average daily volume of 4.26M shares. DD has also gained 2.92% of its value over the past 7 days. However, the stock has declined by 10.74% in the 3 months of the year. Over the past six months meanwhile, it has lost 11.99% while it has lost 10.73% year-on date. Let us now take a look at the stock’s potential support and resistance levels. The publicly traded company was seen to have slipped by -11.81% from its 3 months high price. However, taking another look at DD will indicate that it is trading +7.35% away from its 90-day low. Looking at the bigger picture, the DuPont de Nemours, Inc. stock has dropped by -33.55% from its 52-week high while it has surged by +7.35% from its 52-week low price.

DuPont has around 2 Trillion cash on their books at the moment. This figure will have to be compared and looked into, with their current liabilities standing at $6 Trillion. The DuPont stock is bringing in revenue of over 12 months, which is roughly 3 Trillion. Despite all that, DuPont de Nemours, Inc. is seeing things progressing very much as their y-o-y quarterly revenue surged by 65.33%.

Looking at the stock’s Technical analysis information over the past 50 days shows that its Raw Stochastic average stood at 33.82%. This figure is worse than the company’s 20-day Raw Stochastic average which currently stands at 59.39%. Over the past 20 days, DuPont’s Stochastic %K stood at 32.37% while its Stochastic %D was revealed to be 17.33%.