EI du Pont de Nemours & Co (NYSE:DD): Should You Buy More?

[The Street] EI du Pont de Nemours & Co (NYSE:DD)(TREND ANALYSIS) As for Dow’s acquisition of DuPont, Bloomberg reported Friday that Dow is trying to sell a unit that makes copolymers used in food packaging. A sale of the unit would be the first of several divestitures necessary to win the DOJ’s approval. Launching the sales process is a strong indication that Dow is confident that antitrust clearance will be forthcoming.

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EI du Pont de Nemours & Co (NYSE:DD) stock is currently trading 8.84% below its 52-week-high, 36.13% above its 52-week-low. The 1-year stock price history is in the range of $50.71 – $75.72. EI du Pont de Nemours & Co (DD) has a price to earnings ratio of 27.46 versus Basic Materials sector average of 17.05. DD stock price has underperformed the S&P 500 by 0.6%. The Diversified Chemicals company is currently valued at $60.35 billion, and its share price closed the last trading session at $69.03. The stock has a 50-day moving average of $68.2 and a 200-day moving average of $66.85.

EI du Pont de Nemours & Co (DD) current short interest stands at 14.52 million shares. It has increased by 6% from the same period of last month. Around 2% of the company’s shares, which are float, are short sold. With a 10-days average volume of 2.05 million shares, the number of days required to cover the short positions stand at 7.1 days.

DD is forecasted to report earnings per share of $0.21 and a revenue of $4.88 billion for the 3rd Quarter of the fiscal year 2016. EI du Pont de Nemours & Co (DD) expects to post results on October 25. The Diversified Chemicals company announced last quarter earnings per share of $1.24 against a consensus Street estimate of $1.10, beating the average estimate by $0.14. The company posted a revenue of $7.06 billion compared to an estimation of $7.01 billion.

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There are currently nineteen analysts that cover EI du Pont de Nemours & Co stock. Of those nineteen, nine have a Buy rating, nine have a Hold rating and one has a Sell rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $74.07.

A recent analyst activity consisted of Citi upgrading their Neutral rating to Buy on October 3. On the date of report, the stock closed at $67.84.

JP Morgan downgraded their Overweight rating to Neutral on June 28. On the date of report, the stock closed at $62.4.

Another research firm was CLSA who downgraded their Outperform rating to Underperform on April 27. CLSA increased their price target on EI du Pont de Nemours & Co from $62 to $70. This translates to a 1.41% upside from the last closing price. On the date of report, the stock closed at $66.71.

Company snapshot

E. I. du Pont de Nemours and Company is a global chemical and life sciences company, with businesses that include agriculture and industrial biotechnology, chemistry, biology, materials science and manufacturing. The Company operates globally and offers a wide range of products and services for markets including agriculture and food, building and construction, electronics and communications.

EI du Pont de Nemours & Co (NYSE:DD): Should You Buy More? was last modified: October 17th, 2016 by Steven Finley