Bank of America Securities has moved DuPont from “Underperform” to “Neutral” with a new price target of $75. The upgrade comes after a notable 27% drop in the stock over the last six months, a correction BofA believes has gone too far. According to the firm, the current share price better reflects the company’s fundamentals and now presents a more balanced risk-reward scenario.
📊 Despite recent market challenges, $DD maintains a forward P/E ratio of 14.1x, suggesting the valuation isn’t stretched. With a market cap hovering around $25.5 billion, DuPont remains a key player in the chemicals space, offering defensive qualities and a diversified product base that may appeal to value-oriented investors.
💰 Dividend Snapshot
💵 Annual Dividend: $1.64/share
📉 Yield: Approximately 2.69%
📈 Dividend Growth Streak: 4 years
📊 Payout Ratio: 90.33%
🗓️ Last Ex-Dividend Date: March 3, 2025
💸 Last Payment: $0.41/share on March 17, 2025
📌 The high payout ratio could raise sustainability questions if earnings come under pressure, but the consistency of payments and recent growth in dividends reflects a strong commitment to shareholders.
🧭 In essence, BofA’s upgrade of $DD points to a valuation story—what was once seen as a deteriorating equity now appears to offer a reasonable entry point for investors looking for stable dividend income and a potential rebound from oversold territory.