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Market Update: E I du Pont de Nemours and Company (NYSE:DD) – DuPont Agriculture Leader Outlines 2016 Priorities

[PR Newswire] – LAUDERDALE, Fla., March 3, 2016 /PRNewswire/ — DuPont Executive Vice President James C. Collins will discuss priorities for the company’s Agriculture segment today at the Bank of America Merrill Lynch 2016 Global Agriculture and Chemicals Conference – including plans to deliver an innovation pipeline of new genetics, biotech traits and crop protection products. An increasing global population and a rapidly expanding middle-class’s desire for more and better food are expected to continue to drive sustainable growth in demand for grain and other agricultural products over the long-term. With limited opportunities for new land to be put into production, the world will need increased productivity on every acre. “This creates attractive long-term growth opportunities for DuPont Agriculture to address these challenges through a continuing commitment to productive innovation,” said Collins. Read more on this. E. I. du Pont de Nemours and Company (DD) , with a current value of $53.74B, opened at $61.89. Looking at today’s market, DD one day range is $61.60 to $62.50 with the price of the stock fluctuating between $47.11 to $76.59 over the last 52 weeks. DD shares are currently priced at 20.51x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 13.19x earnings multiple. The company pays shareholders $1.52 per share annually in dividends, yielding 2.47%. In a review of the consensus earnings estimate this quarter, 18 sell-side analysts are looking at $1.04 per share, which would be $0.22 worse than the year-ago quarter and a $0.31 sequential decrease. The full-year EPS estimate is $3.03 which would be a $0.26 improvement than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $7.18 Billion. If realized, that would be a 21.70% decrease over the year-ago quarter. Recently, Bernstein upgraded DD from Mkt Perform to Outperform (Jan 8, 2016). Previously, Citigroup downgraded DD from Buy to Neutral. When considering if perhaps the stock is under or overvalued, the average price target is $63.19, which is 2.10% above where the stock opened this morning. See more in (NYSE:DD) Similar Articles: Company Update: E I du Pont de Nemours and Company (NYSE:DD) – DuPont, Dow Announce Site Structure Of Intended Independent Agriculture Company Market Update: E I du Pont de Nemours and Company (NYSE:DD) – DuPont Names Timothy P. Glenn as President, DuPont Crop Protection Market Update: E I du Pont de Nemours and Company (NYSE:DD) – DuPont Names New DuPont Fellows
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