Exane BNP Paribas Says Its Time To “Neutral” DowDuPont (DWDP). Will Stock Hit Their Target of $75?

October 2, 2018 - By Ruchi Gupta

Why Has Exane BNP Paribas Given DowDuPont (DWDP) a $75 Price Target

In analysts note issued to clients on Tuesday, 2 October, analysts at Exane BNP Paribas has initiated coverage for DowDuPont (DWDP) shares. The firm has decided to set a “Neutral” rating along with a $75, adding 14.87 % to the target.

DowDuPont Inc. (NYSE:DWDP) Ratings Coverage

Among 10 analysts covering DowDuPont (DWDP), 8 have Buy rating, 0 Sell and 2 Hold. Therefore 80% are positive. DowDuPont has $9000 highest and $75 lowest target. $79.70’s average target is 22.07% above currents $65.29 stock price. DowDuPont had 13 analyst reports since April 4, 2018 according to SRatingsIntel. Citigroup maintained the stock with “Buy” rating in Friday, September 21 report. The firm has “Equal-Weight” rating by Barclays Capital given on Monday, August 6. Bank of America maintained the stock with “Buy” rating in Tuesday, April 10 report. On Friday, May 4 the stock rating was maintained by Credit Suisse with “Outperform”. The stock of DowDuPont Inc. (NYSE:DWDP) has “Buy” rating given on Tuesday, April 10 by Citigroup. The rating was maintained by Alembic on Monday, June 4 with “Buy”. HSBC upgraded the stock to “Buy” rating in Wednesday, April 4 report. Nomura downgraded the shares of DWDP in report on Wednesday, September 26 to “Neutral” rating. As per Tuesday, April 17, the company rating was maintained by RBC Capital Markets. The stock has “Buy” rating by UBS on Thursday, August 2.

The stock increased 0.73% or $0.47 during the last trading session, reaching $65.29. About 1.51M shares traded. DowDuPont Inc. (DWDP) has risen 1.05% since October 2, 2017 and is uptrending. It has underperformed by 14.57% the S&P500.

Analysts await DowDuPont Inc. (NYSE:DWDP) to report earnings on November, 1. They expect $0.72 earnings per share, up 30.91 % or $0.17 from last year’s $0.55 per share. DWDP’s profit will be $1.66B for 22.67 P/E if the $0.72 EPS becomes a reality. After $1.37 actual earnings per share reported by DowDuPont Inc. for the previous quarter, Wall Street now forecasts -47.45 % negative EPS growth.

DowDuPont Inc., through its subsidiaries, engages in agriculture, materials science, and specialty products businesses worldwide. The company has market cap of $150.65 billion. The Company’s Agriculture division provides seed solutions for alfalfa, canola, cereals, corn, cotton, rice, silage inoculants, sorghum, soybeans, sunflowers, and wheat; and crop protection solutions, such as cereals herbicides, corn and soybean herbicides, fungicides, insecticides, pasture and land management, seed-applied technologies, specialty crop herbicides, structural pest management, and turf and ornamental pest management. It has a 66.62 P/E ratio. This division also offers biotech traits, seed-applied technologies, and digital agriculture products.

More recent DowDuPont Inc. (NYSE:DWDP) news were published by: 247Wallst.com which released: “DowDuPont Names Execs for Post-Breakup Firms” on September 17, 2018. Also Finance.Yahoo.com published the news titled: “Best Sector ETFs For October: 3 Stocks Really Matter” on October 01, 2018. Streetinsider.com‘s news article titled: “Exane BNP Paribas Starts DowDuPont (DWDP) at Neutral” with publication date: October 02, 2018 was also an interesting one.

DowDuPont Inc. (NYSE:DWDP) Ratings Chart

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