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Wells Fargo Sticks to Their Buy Rating for DuPont de Nemours (DD)

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Wells Fargo analyst Michael Sison maintained a Buy rating on DuPont de Nemours (DDResearch Report) on February 8 and set a price target of $99.00. The company’s shares closed last Wednesday at $81.49.

According to TipRanks.com, Sison is a 5-star analyst with an average return of 14.8% and a 66.2% success rate. Sison covers the Basic Materials sector, focusing on stocks such as Air Products and Chemicals, Sherwin-Williams Company, and Axalta Coating Systems.

Currently, the analyst consensus on DuPont de Nemours is a Strong Buy with an average price target of $97.08, implying a 20.3% upside from current levels. In a report released yesterday, BMO Capital also assigned a Buy rating to the stock with a $108.00 price target.

See today’s best-performing stocks on TipRanks >>

Based on DuPont de Nemours’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $4.27 billion and net profit of $391 million. In comparison, last year the company earned revenue of $9.81 billion and had a net profit of $222 million.

Based on the recent corporate insider activity of 72 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DD in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Delaware-based DuPont de Nemours, Inc., which is commonly known as DuPont, is a multi-industry specialty solutions company and provides specialty materials, chemicals, and agricultural products in the United States, Canada, Asia Pacific, Latin America, Europe, the Middle East, and Africa. The company was formed by the merger of Dow Chemical and E. I. du Pont de Nemours and Company on August 31, 2017. It operates through the following segments: Electronics & Imaging; Nutrition & Biosciences; Transportation & Industrial; Safety & Construction, and Non-Core.

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