JP Morgan Initiates “Overweight” Rating for DowDuPont (NYSE:DWDP) With a $80.00 Price Target

September 17, 2017 - By Dolores Ford

 JP Morgan Initiates

Why Has JP Morgan Given DowDuPont (NYSE:DWDP) a $80.00 Price Target

Expert analysts at JP Morgan gave a key “Overweight” rating for DowDuPont (NYSE:DWDP). The firm has started coverage in an analyst report sent to clients and investors on Friday, 15 September. The price target means upside of 14.51 % from the close price.

DowDuPont Inc (NYSE:DWDP) Ratings Coverage

Among 2 analysts covering DowDuPont (NYSE:DWDP), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. DowDuPont has $80 highest and $80 lowest target. $80’s average target is 14.51% above currents $69.86 stock price. DowDuPont had 2 analyst reports since September 8, 2017 according to SRatingsIntel. The stock of DowDuPont Inc (NYSE:DWDP) earned “Outperform” rating by Cowen & Co on Wednesday, September 13. RBC Capital Markets initiated the shares of DWDP in report on Friday, September 8 with “Top Pick” rating.

The stock decreased 0.23% or $0.16 on September 15, reaching $69.86. About 32.38 million shares traded or 163.04% up from the average. DowDuPont Inc (NYSE:DWDP) has 0.00% since September 17, 2016 and is . It has underperformed by 16.70% the S&P500.

Wall Street await DowDuPont Inc (NYSE:DWDP) to release earnings on October, 26. Analysts forecast earnings per share of $0.57, down exactly $0.34 or 37.36 % from 2014’s $0.91 EPS. The expected DWDP’s profit could reach $1.34B giving the stock 30.64 P/E in the case that $0.57 earnings per share is reported. After posting $1.08 EPS for the previous quarter, DowDuPont Inc’s analysts now forecast -47.22 % negative EPS growth.

DowDuPont Inc is a holding company formed through the merger of equals between The Dow Chemical Company and E. The company has market cap of $163.74 billion. I. du Pont de Nemours and Company . It currently has negative earnings. The Company’s business divisions include Agriculture division, Material Science division, and a Specialty Products division.

More notable recent DowDuPont Inc (NYSE:DWDP) news were published by: Cnbc.com which released: “DowDuPont’s Andrew Liveris: We were 80-90% right about transition plan” on September 12, 2017, also Nasdaq.com with their article: “November 17th Options Now Available For Dowdupont (DWDP)” published on September 08, 2017, Barrons.com published: “DowDuPont Stock Offers Four Ways to Win” on September 07, 2017. More interesting news about DowDuPont Inc (NYSE:DWDP) were released by: Crainsdetroit.com and their article: “DowDuPont merger means changes for Dow Automotive in Auburn Hills” published on September 15, 2017 as well as Marketwatch.com‘s news article titled: “69.96” with publication date: September 01, 2017.

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