Barclays Lowers DowDuPont (DWDP) Price Target to $37.00

DowDuPont (NYSE:DWDP) had its price objective lowered by stock analysts at Barclays from $58.00 to $37.00 in a report issued on Tuesday, May 7th, BenzingaRatingsTable reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price target suggests a potential upside of 19.01% from the stock’s previous close.

DWDP has been the topic of a number of other research reports. BMO Capital Markets upped their price target on DowDuPont from $66.00 to $67.00 and gave the stock an “outperform” rating in a report on Tuesday, February 26th. Royal Bank of Canada lowered their price target on DowDuPont to $64.00 and set a “top pick” rating on the stock in a report on Tuesday, March 19th. Citigroup cut DowDuPont from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $60.00 to $40.00 in a report on Tuesday, April 2nd. Cowen cut DowDuPont from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $78.00 to $59.00 in a report on Wednesday, February 6th. Finally, Credit Suisse Group reiterated an “outperform” rating and set a $68.00 target price (down previously from $79.00) on shares of DowDuPont in a report on Friday, February 1st. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the stock. DowDuPont has an average rating of “Hold” and a consensus price target of $55.75.

Shares of NYSE:DWDP traded up $0.32 on Tuesday, hitting $31.09. 11,841,224 shares of the company’s stock were exchanged, compared to its average volume of 15,937,723. The stock has a market cap of $72.39 billion, a P/E ratio of 7.56, a P/E/G ratio of 1.45 and a beta of 1.29. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.14 and a current ratio of 1.72. DowDuPont has a 1-year low of $30.06 and a 1-year high of $48.34.

DowDuPont’s stock is scheduled to reverse split before the market opens on Saturday, June 1st. The 1-3 reverse split was announced on Thursday, May 16th. The number of shares owned by shareholders will be adjusted after the market closes on Friday, May 31st.

DowDuPont (NYSE:DWDP) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.84 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.14. The firm had revenue of $19.65 billion during the quarter, compared to the consensus estimate of $19.47 billion. DowDuPont had a return on equity of 9.05% and a net margin of 3.88%. The firm’s revenue was down 8.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.12 EPS. On average, equities research analysts predict that DowDuPont will post 2.14 EPS for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in DWDP. Brown Advisory Inc. boosted its stake in DowDuPont by 48.0% in the fourth quarter. Brown Advisory Inc. now owns 3,742,629 shares of the company’s stock valued at $200,157,000 after acquiring an additional 1,214,501 shares during the period. First Trust Advisors LP raised its holdings in DowDuPont by 36.3% during the fourth quarter. First Trust Advisors LP now owns 571,431 shares of the company’s stock worth $30,560,000 after purchasing an additional 152,045 shares in the last quarter. Intersect Capital LLC raised its holdings in DowDuPont by 17.9% during the fourth quarter. Intersect Capital LLC now owns 29,564 shares of the company’s stock worth $1,581,000 after purchasing an additional 4,482 shares in the last quarter. MUFG Securities EMEA plc raised its holdings in DowDuPont by 432.0% during the fourth quarter. MUFG Securities EMEA plc now owns 332,800 shares of the company’s stock worth $17,798,000 after purchasing an additional 270,248 shares in the last quarter. Finally, Peachtree Investment Advisors Inc. raised its holdings in DowDuPont by 11.2% during the fourth quarter. Peachtree Investment Advisors Inc. now owns 33,604 shares of the company’s stock worth $1,797,000 after purchasing an additional 3,381 shares in the last quarter. 67.78% of the stock is currently owned by institutional investors and hedge funds.

About DowDuPont

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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Analyst Recommendations for DowDuPont (NYSE:DWDP)

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