Jefferies Group Analysts Increase Earnings Estimates for DowDuPont Inc (DWDP)
DowDuPont Inc (NASDAQ:DWDP) – Analysts at Jefferies Group upped their Q3 2017 earnings per share estimates for shares of DowDuPont in a research note issued to investors on Thursday. Jefferies Group analyst L. Alexander now anticipates that the company will post earnings of $0.55 per share for the quarter, up from their previous estimate of $0.39. Jefferies Group currently has a “Buy” rating and a $80.00 target price on the stock. Jefferies Group also issued estimates for DowDuPont’s Q4 2017 earnings at $0.91 EPS, FY2017 earnings at $3.65 EPS, FY2018 earnings at $4.15 EPS, FY2019 earnings at $4.80 EPS and FY2020 earnings at $5.30 EPS.
Several other equities analysts have also weighed in on DWDP. UBS AG increased their target price on DowDuPont from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, October 27th. Cowen and Company began coverage on DowDuPont in a research note on Friday, September 1st. They issued a “market perform” rating on the stock. Monness Crespi & Hardt began coverage on DowDuPont in a research note on Tuesday, September 12th. They issued a “neutral” rating on the stock. Argus began coverage on DowDuPont in a research note on Tuesday, September 19th. They issued a “buy” rating and a $81.00 target price on the stock. Finally, Nomura began coverage on DowDuPont in a research note on Sunday, September 3rd. They issued a “buy” rating and a $77.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seventeen have issued a buy rating to the company’s stock. DowDuPont has an average rating of “Buy” and a consensus target price of $79.59.
Shares of DowDuPont (NASDAQ DWDP) opened at 72.31 on Monday. The firm has a 50-day moving average of $70.70 and a 200 day moving average of $65.53. The company’s market capitalization is $168.91 billion. DowDuPont has a 12 month low of $64.01 and a 12 month high of $73.85.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Private Asset Management Inc. acquired a new stake in shares of DowDuPont during the third quarter worth about $1,953,000. First Quadrant L P CA acquired a new stake in shares of DowDuPont during the third quarter worth about $159,000. Grace & White Inc. NY acquired a new stake in shares of DowDuPont during the third quarter worth about $200,000. Weatherly Asset Management L. P. acquired a new stake in shares of DowDuPont during the third quarter worth about $204,000. Finally, Osborne Partners Capital Management LLC acquired a new stake in shares of DowDuPont during the third quarter worth about $205,000.
DowDuPont Company Profile
DowDuPont Inc is a holding company formed through the merger of equals between The Dow Chemical Company and E. I. du Pont de Nemours and Company (DuPont). The Company’s business divisions include Agriculture division, Material Science division, and a Specialty Products division. The Agriculture Division offers a complete portfolio of products and technologies, and a pipeline of germplasm, traits and crop protection.
Receive News & Ratings for DowDuPont Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DowDuPont Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.