DZ Bank downgraded shares of DowDuPont (NYSE:DWDP) from a buy rating to a hold rating in a report released on Monday, February 4th, The Fly reports.
Several other equities research analysts also recently issued reports on the stock. TheStreet downgraded shares of DowDuPont from a b- rating to a c+ rating in a research note on Thursday, November 1st. Zacks Investment Research downgraded shares of DowDuPont from a hold rating to a sell rating in a research note on Wednesday, November 7th. Credit Suisse Group restated an outperform rating and issued a $68.00 price objective (down previously from $79.00) on shares of DowDuPont in a research note on Friday, February 1st. Citigroup reaffirmed a buy rating and issued a $74.00 target price (down from $79.00) on shares of DowDuPont in a research report on Thursday, October 11th. Finally, BMO Capital Markets reduced their target price on DowDuPont to $66.00 and set an outperform rating for the company in a research report on Friday, February 1st. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the company. The company has an average rating of Hold and a consensus price target of $72.28.
NYSE:DWDP traded up $0.11 during mid-day trading on Monday, reaching $53.34. The stock had a trading volume of 10,862,633 shares, compared to its average volume of 12,870,214. DowDuPont has a fifty-two week low of $48.89 and a fifty-two week high of $73.23. The company has a market capitalization of $124.23 billion, a P/E ratio of 12.98, a P/E/G ratio of 1.34 and a beta of 1.31. 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 released its quarterly earnings data on Thursday, January 31st. The company reported $0.88 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.01). DowDuPont had a return on equity of 9.59% and a net margin of 4.47%. The firm had revenue of $20.10 billion during the quarter, compared to analyst estimates of $21.11 billion. As a group, sell-side analysts forecast that DowDuPont will post 4.1 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Thursday, February 28th will be given a $0.38 dividend. The ex-dividend date is Wednesday, February 27th. This represents a $1.52 dividend on an annualized basis and a yield of 2.85%. DowDuPont’s payout ratio is 36.98%.
Several institutional investors have recently bought and sold shares of the company. Princeton Global Asset Management LLC bought a new position in shares of DowDuPont during the 4th quarter valued at about $2,061,000. Aspire Private Capital LLC bought a new position in shares of DowDuPont during the 4th quarter valued at about $106,000. Kentucky Retirement Systems bought a new position in shares of DowDuPont during the 4th quarter valued at about $5,337,000. Kentucky Retirement Systems Insurance Trust Fund bought a new position in shares of DowDuPont during the 4th quarter valued at about $2,427,000. Finally, Valley National Advisers Inc. bought a new position in shares of DowDuPont during the 4th quarter valued at about $67,000. Institutional investors own 68.55% 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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