DuPont de Nemours (DD) Gets a Buy from RBC Capital

RBC Capital analyst Arun Viswanathan maintained a Buy rating on DuPont de Nemours yesterday and set a price target of $48.00.

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Viswanathan covers the Basic Materials sector, focusing on stocks such as Celanese, Eastman Chemical, and Huntsman. According to TipRanks, Viswanathan has an average return of -1.8% and a 46.00% success rate on recommended stocks.

In addition to RBC Capital, DuPont de Nemours also received a Buy from Mizuho Securities’s John Roberts CFA in a report issued yesterday. However, on December 17, Morgan Stanley maintained a Hold rating on DuPont de Nemours (NYSE: DD).

Based on DuPont de Nemours’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $3.07 billion and a GAAP net loss of $123 million. In comparison, last year the company earned a revenue of $2.86 billion and had a net profit of $455 million

Based on the recent corporate insider activity of 86 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. Earlier this month, Erik T. Hoover, the SVP & GC of DD sold 6,005.00 shares for a total of $238,938.95.