DowDuPont Inc (DWDP) Receives $78.00 Average Price Target from Analysts

DowDuPont Inc (NYSE:DWDP) has earned a consensus recommendation of “Buy” from the twenty-two analysts that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $77.76.

Several research analysts have issued reports on the stock. UBS Group increased their target price on shares of DowDuPont from $86.00 to $88.00 and gave the stock a “buy” rating in a report on Thursday, August 2nd. MED restated a “buy” rating and issued a $90.00 price target on shares of DowDuPont in a report on Thursday, August 2nd. ValuEngine cut shares of DowDuPont from a “hold” rating to a “sell” rating in a report on Friday, August 3rd. Barclays lowered their price target on shares of DowDuPont from $77.00 to $75.00 and set an “equal weight” rating on the stock in a report on Monday, August 6th. Finally, Citigroup lowered their price target on shares of DowDuPont from $81.00 to $79.00 and set a “buy” rating on the stock in a report on Friday, September 21st.

In other news, General Counsel Charles J. Kalil sold 100,645 shares of DowDuPont stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $70.75, for a total transaction of $7,120,633.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.42% of the stock is owned by insiders.

Large investors have recently bought and sold shares of the company. Bristlecone Advisors LLC increased its holdings in shares of DowDuPont by 40.9% during the 3rd quarter. Bristlecone Advisors LLC now owns 11,596 shares of the company’s stock valued at $746,000 after purchasing an additional 3,365 shares in the last quarter. Tower Bridge Advisors increased its holdings in shares of DowDuPont by 4.1% during the 3rd quarter. Tower Bridge Advisors now owns 253,557 shares of the company’s stock valued at $16,306,000 after purchasing an additional 10,091 shares in the last quarter. Neville Rodie & Shaw Inc. increased its holdings in shares of DowDuPont by 4.6% during the 3rd quarter. Neville Rodie & Shaw Inc. now owns 312,922 shares of the company’s stock valued at $20,124,000 after purchasing an additional 13,692 shares in the last quarter. Berkshire Asset Management LLC PA increased its holdings in shares of DowDuPont by 30.7% during the 3rd quarter. Berkshire Asset Management LLC PA now owns 17,130 shares of the company’s stock valued at $1,102,000 after purchasing an additional 4,019 shares in the last quarter. Finally, Patriot Wealth Management Inc. increased its holdings in shares of DowDuPont by 2.2% during the 3rd quarter. Patriot Wealth Management Inc. now owns 139,502 shares of the company’s stock valued at $8,971,000 after purchasing an additional 3,012 shares in the last quarter. 69.45% of the stock is owned by hedge funds and other institutional investors.

Shares of DWDP traded down $0.76 during midday trading on Friday, hitting $58.68. The stock had a trading volume of 11,595,606 shares, compared to its average volume of 13,820,638. The company has a current ratio of 1.64, a quick ratio of 1.05 and a debt-to-equity ratio of 0.27. The company has a market cap of $135.13 billion, a P/E ratio of 17.26, a P/E/G ratio of 1.40 and a beta of 1.48. DowDuPont has a 1 year low of $51.32 and a 1 year high of $77.08.

DowDuPont (NYSE:DWDP) last posted its quarterly earnings results on Thursday, November 1st. The company reported $0.74 EPS for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.03. The firm had revenue of $20.12 billion for the quarter, compared to analysts’ expectations of $20.24 billion. DowDuPont had a net margin of 2.45% and a return on equity of 9.38%. The business’s revenue for the quarter was up 31.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.55 earnings per share. Analysts predict that DowDuPont will post 4.15 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 2.59%. The ex-dividend date is Thursday, November 29th. DowDuPont’s dividend payout ratio (DPR) is 44.71%.

About DowDuPont

DowDuPont Inc, through its subsidiaries, engages in agriculture, materials science, and specialty products businesses worldwide. The company's Agriculture segment develops and sells hybrid corn seed and soybean seed varieties; canola, cotton, sunflower, sorghum, wheat, and rice seeds; silage inoculants; and weed control, disease control, and insect control products.

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Analyst Recommendations for DowDuPont (NYSE:DWDP)

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