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DowDuPont: Analysts’ Recommendations

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Jan. 30 2019, Updated 7:31 a.m. ET

Analysts’ consensus on DowDuPont

Currently, 26 analysts are actively tracking DowDuPont (DWDP). The number of analysts tracking the stock increased to 26 after the company’s third-quarter earnings. Among the analysts, 81% recommended a “buy,” 19% recommended a “hold,” and none of the analysts recommended a “sell.” Investors watch analysts’ recommendations to track the stock price movement and trends.

DowDuPont’s consensus target price is $72.63, which implies a potential return of 24.9% over the closing price of $58.13 as of January 28. In the past three months, DowDuPont’s consensus target price fell from $78.55 to $72.63.

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The recent sell-off in US markets followed by the news of impairment charges of $4.6 billion in the Agriculture segment caused the significant decline in DowDuPont’s stock price. However, positive developments like China’s approval for genetically modified soybean and canola crops could drive future growth. As a result, most of the analysts have recommended either to “buy” or “hold” DowDuPont.

Brokerage recommendations

  • Barclays (BCS) cut DowDuPont’s target price to $62 from $68, which implies a return potential of 6.7% over the closing price of $58.13 as of January 28.
  • Morgan Stanley (MS) cut DowDuPont’s target price to $70, which implies a return potential of 20.4% over the closing price on January 28.
  • RBC (RY) cut its target price on DowDuPont to $72, which implies a return potential of ~23.8% over the closing price on January 28.

Investors could invest in DowDuPont indirectly through the First Trust Indxx Global Agriculture ETF (FTAG), which invests 9.9% of its portfolio in DowDuPont.

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