Monthly Stock Report: DuPont de Nemours, Inc. (DD)
Publication Date: September 22, 2024
Company Overview
DuPont de Nemours, Inc. (DD), based in Wilmington, Delaware, is a leading entity in the specialty chemicals industry. Established in 2015, DuPont operates across the Basic Materials sector, delivering innovative, technology-based materials and solutions globally. The company’s key segments include Electronics & Industrial, which supplies essential materials for semiconductor manufacturing, and Water & Protection, focusing on worker safety and water purification. Additionally, the Corporate & Other segment offers products such as auto adhesives and digital printing solutions. With a total revenue of approximately $12.06 billion, DuPont’s solid financial standing makes it a compelling investment opportunity in an expanding market.
Stock Performance and Analyst Recommendations
As of now, DuPont’s stock price stands at $83.34, displaying a significant difference from the analysts’ target high of $105.00—indicating substantial upside potential. The average target price is set at $95.71, while the median price is $98.00, suggesting a consensus among analysts about the stock’s growth trajectory. With a total of 417,495,008 shares outstanding, the 3,821,664 shares currently shorted represent a mere 0.0104% of its float, reflecting a generally positive investor sentiment and minimal bearish outlook.
Analysts are optimistic about DuPont’s performance, providing a “buy” recommendation with an average score of 2.3 based on assessments from 13 different analysts. This positive outlook is underscored by the stock’s position above its fifty-day moving average of $80.65 and nearing its fifty-two week high of $85.12, demonstrating upward momentum.
Financial Health and Future Outlook
While detailed EBITDA figures are not currently available, DuPont’s robust revenue underscores its tangible financial health. The projected target low price is $84.00, indicating that even in conservative estimates, there is potential for growth. This financial backdrop, combined with the company’s dedicated market segments and innovative offerings, showcases its resilience and adaptability, making it an attractive consideration for investors looking to capitalize on future stock appreciation.
In conclusion, with a solid recommendation to buy based on both technical analysis and financial performance, investors may find this an advantageous moment to consider DuPont de Nemours, Inc. amidst its strong operational capabilities and favorable market conditions.
| Metric | Value |
|---|---|
| Market Cap | $34.8b |
| Total Debt | $7.7b |
| Total Cash | $1.5b |
| Shares Outstanding | 417.5m |
| Float Shares | 416.4m |
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