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Investing.com - BMO Capital lowered its price target on DuPont (NYSE:DD) to $50.00 from $104.00 while maintaining an Outperform rating on the stock. The company currently trades at $81.65, near its 52-week high of $87.80, with a notably high P/E ratio of 482.68 according to InvestingPro data.
The price target adjustment follows DuPont’s recent spin-off of Qnity, which has restructured the company’s portfolio and financial outlook. Despite this significant change, InvestingPro data shows DuPont has maintained dividend payments for an impressive 55 consecutive years, with a current dividend yield of 4.8%.
BMO Capital notes that post-spin-off, DuPont presents investors with "a solid diversified industrial/materials company" that is expected to deliver steady 3-4% top-line growth over the next few years.
The firm projects that margin improvements combined with this growth should yield an organic EPS compound annual growth rate (CAGR) near 10%.
BMO Capital also highlighted DuPont’s "significant financial flexibility" resulting from its pending sale of Kevlar/Nomex businesses and strong balance sheet, which could support portfolio shifts toward Water and Healthcare through acquisitions and enable "sizable near-term buyback support." With a market capitalization of $34.19 billion and analyst price targets ranging from $44 to $114, DuPont’s financial health score is rated as "GOOD" by InvestingPro, which offers a comprehensive Pro Research Report with deeper insights on this and 1,400+ other US equities.
In other recent news, DuPont has been the focus of several significant developments. The company has announced that the U.S. Securities and Exchange Commission has declared effective the registration statement for Qnity Electronics, marking a crucial step toward its planned separation on November 1, 2025. Deutsche Bank has reiterated its Buy rating on DuPont with a $90 price target, citing the Electronics business separation as a catalyst for unlocking substantial value. Meanwhile, RBC Capital has raised its price target for DuPont to $100, reflecting expectations of a higher valuation following the Aramids sale. JPMorgan maintains an Overweight rating on DuPont, suggesting the stock remains undervalued, particularly with the Water Intelligence spinoff now trading. In another notable development, Solstice Advanced Materials, soon to be spun off from Honeywell International, will join the S&P 500 index on October 31. Honeywell will retain its positions in both the S&P 500 and S&P 100 following this transaction. These recent developments provide investors with key insights into the evolving landscape for DuPont and related companies.
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