DowDuPont Inc. (NYSE:DWDP) has been downgraded by Stephens on October 19 which now rates the stock as Equal-Weight compared with Overweight rating suggested in the past. Analysts at Exane BNP Paribas, started covering the stock on October 02 with a Neutral rating. The stock lost favor of Nomura analysts who expressed their lack of confidence in it using a downgrade from Buy to Neutral on September 26. HSBC Securities analysts came out with bullish views on April 04 when the call was made. They think the stock is now Buy compared to to their prior call for Hold.
DowDuPont Inc. (DWDP) hit an intraday high Monday at $55.505. The shares finished at $54.76, after trading as low as $54.13 earlier in the session. It rose 0.05% in recent trade and currently has a stock-market value of $125.15B. Trading activity significantly weakened as the volume at ready counter decreased to 10,984,951 shares versus 14,133,665 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 12,134,425 shares. The stock is now 12.01% above against its bear-market low of $48.89 on December 26, 2018. It has retreated -40.76% since it’s 52-week high of $77.08 reached in January. Now the market price is down -26.45% on the year and up 2.39% YTD.
DWDP’s 50 day simple moving average (SMA 50) price is $55.21 and its 200-day simple moving average (SMA 200) price is $63.41. The company’s stock currently has a total float of 2.28B shares. Its weekly volatility is hovering around 3.25% and felt 3.79% volatility in price over a month. On the upside, the share price will test short term resistance at around $55.47. On a downside, the stock is likely to find some support, which begins at $54.09. The failure to get near-term support could push it to $53.42.
Separately, it has been reported that multiple insider activity took place at DowDuPont Inc. (DWDP). General Counsel-MatCo Kalil Charles J sold 100,645 shares for $312,329 in transaction occurred on 2018/08/27. After making this transaction, the General Counsel-MatCo owns a direct stake of 7,120,634 shares, worth $17,103,136, as per the last closing price. On 2018/08/08 Breen Edward D, CEO at DWDP, purchased 29,580 shares at an average price of $67.61 per share. The new stake is valued at $19,945,344.
Former Executive Chairman, Liveris Andrew N had divested 100,000 shares for $1,192,746 through a trade on 2018/06/12. Following this activity, the insider holds 6,957,000 shares worth $65,314,771 as of recent close. Wall Street’s most bullish DowDuPont Inc. (NYSE:DWDP) analysts are predicting the share price to blow past $90 per share during the next 12 months. The current median share price forecast by them is $72, suggesting that the stock could increase 31.48% in that time frame. The average price target of $73.81 calls for a nearly 34.79% increase in the stock price.
When looking at valuations, DowDuPont Inc. (DWDP) has a pricey P/E of 117.01x as compared to industry average of 20.77x. Moreover, it trades for 11.57 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 1.28x price/book and 1.46x price/sales. Compared to others, DowDuPont Inc. is in a different league with regards to profitability, having net margins of 2.4%. To put some perspective around this, the industry’s average net margin is 7.92%. DWDP’s ROE is 2.1%, which is also considerably worse than the industry’s ROE of 15.51%. It’s also very liquid in the near term, with a current ratio of 1.6. The stock has a debt/capital of 0.36.
Shares of DowDuPont Inc. (DWDP) have gained 1.5% since the company’s Mar-19 earnings report. Over the past 12 fiscal quarters, DowDuPont Inc. (NYSE:DWDP) has topped consensus earnings estimates in 11 quarters (91%), missed earnings in 0 quarters (0%), whereas at 1 occasion EPS met analyst expectations. DWDP last reported earnings on November 01, 2018 when it released Sep-18 results that exceeded expectations. The company raked in $0.74 per share, -79.67% change on the same period last year. That was better than consensus for $0.71. Revenue for the recent quarter stood at $20.12 billion, up 10% on last year and below the $20.23 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $21.65 billion to $24.1 billion, which should be compared with $23.34 billion generated last year. EPS is seen in a range of $1.37 to $1.58, against the $1.4 reported a year ago.