Citigroup Trims DowDuPont (DWDP) Target Price to $67.00

DowDuPont (NYSE:DWDP) had its target price lowered by Citigroup to $67.00 in a research note published on Monday, The Fly reports. Citigroup currently has a buy rating on the stock. The analysts noted that the move was a valuation call.

Several other equities analysts also recently weighed in on the stock. TheStreet downgraded shares of DowDuPont from a b- rating to a c+ rating in a report on Thursday, November 1st. JPMorgan Chase & Co. dropped their price objective on shares of DowDuPont from $75.00 to $65.00 and set an overweight rating on the stock in a research note on Friday, November 2nd. Nomura dropped their price objective on shares of DowDuPont from $76.00 to $73.00 and set a neutral rating on the stock in a research note on Friday, November 2nd. BMO Capital Markets dropped their price target on shares of DowDuPont from $80.00 to $76.00 and set a buy rating on the stock in a research note on Friday, November 2nd. Finally, Alembic Global Advisors set a $90.00 price target on shares of DowDuPont and gave the company a buy rating in a research note on Thursday, November 1st. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. DowDuPont presently has an average rating of Buy and an average price target of $78.00.

Shares of DowDuPont stock opened at $60.04 on Monday. The company has a market capitalization of $135.13 billion, a P/E ratio of 17.66, a P/E/G ratio of 1.40 and a beta of 1.48. The company has a quick ratio of 1.05, a current ratio of 1.64 and a debt-to-equity ratio of 0.27. DowDuPont has a 52 week low of $51.32 and a 52 week high of $77.08.

DowDuPont (NYSE:DWDP) last announced its quarterly earnings data on Thursday, November 1st. The company reported $0.74 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.03. The firm had revenue of $20.12 billion during the quarter, compared to analyst estimates of $20.24 billion. DowDuPont had a net margin of 2.45% and a return on equity of 9.38%. DowDuPont’s revenue was up 31.1% on a year-over-year basis. During the same period last year, the firm posted $0.55 EPS. Analysts expect that DowDuPont will post 4.15 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $1.52 dividend on an annualized basis and a yield of 2.53%. DowDuPont’s payout ratio is currently 44.71%.

In other DowDuPont news, General Counsel Charles J. Kalil sold 100,645 shares of the firm’s stock in a transaction on Monday, August 27th. The stock was sold at an average price of $70.75, for a total value of $7,120,633.75. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.42% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Cascade Investment Advisors Inc. raised its holdings in DowDuPont by 85.1% in the 2nd quarter. Cascade Investment Advisors Inc. now owns 1,794 shares of the company’s stock valued at $118,000 after buying an additional 825 shares during the period. Arlington Partners LLC raised its holdings in DowDuPont by 334.8% in the 3rd quarter. Arlington Partners LLC now owns 1,948 shares of the company’s stock valued at $125,000 after buying an additional 1,500 shares during the period. SG3 Management LLC purchased a new stake in DowDuPont in the 2nd quarter valued at about $132,000. D. Scott Neal Inc. purchased a new stake in DowDuPont in the 2nd quarter valued at about $152,000. Finally, JNBA Financial Advisors raised its holdings in DowDuPont by 291.0% in the 3rd quarter. JNBA Financial Advisors now owns 2,420 shares of the company’s stock valued at $156,000 after buying an additional 1,801 shares during the period. Institutional investors and hedge funds own 69.45% of the company’s stock.

DowDuPont Company Profile

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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The Fly

Analyst Recommendations for DowDuPont (NYSE:DWDP)

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