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Company Update (NYSE:DD): DuPont Advances Safety Standards and Thermal Protection Innovation across Asia Pacific

[PR Newswire] – SINGAPORE, May 18, 2016 /PRNewswire/ — DuPont Protection Solutions today launched its first Asian DuPont™ Thermo-Man™ testing facility in Singapore. This new facility will facilitate the collaboration … Read more on this. E. I. du Pont de Nemours and Company (DD) , valued at $56.13B, began trading this morning at $64.23. Shares have traded today between $64.01 and $64.93 per share with a trailing 52-week range being $47.11 to $75.72. Priced at 20.49x this year’s forecasted earnings, DD shares are relatively expensive compared to the industry’s 15.81x forward p/e ratio. And for dividend hunters, the company pays shareholders $1.52 per share annually in dividends, yielding 2.42%. In a review of the consensus earnings estimate this quarter, 17 sell-side analysts are looking at $1.09 per share, which would be $0.00 worse than the year-ago quarter and a $0.00 sequential decrease. The full-year EPS estimate is $3.15 which would be a $0.38 improvement than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $7.02 Billion. If reported, that would be a 18.37% decrease over the year-ago quarter. In terms of ratings, Credit Agricole downgraded DD from Outperform to Underperform (Apr 27, 2016). Previously, Bernstein upgraded DD from Mkt Perform to Outperform. With the above information in mind, readers should note that the average price target is $72.27, which is 12.52% above where the stock opened this morning. See more in (NYSE:DD) Similar Articles: Market Update: E I du Pont de Nemours and Company (NYSE:DD) – DuPont expects SEC review of Dow deal to end by June 30 Stock Update (NYSE:DD): DuPont Names Randy L. Stone as President, DuPont Performance Materials Stock Update (NYSE:DD): DuPont Expands Thermal Testing Capability in Asia and Latin America
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