We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
DuPont's (DD) Unit Inks Agreement with Origin Agritech
Read MoreHide Full Article
DuPont’s (DD - Free Report) advanced seed and genetics business, DuPont Pioneer, has signed a definitive agreement with Origin Agritech Ltd. (SEED - Free Report) . Origin is an agricultural biotechnology trait and seed provider. Under the deal terms, Origin will gain access to non-GM corn seed products from DuPont Pioneer.
Origin expects to sell Commercial Seed Products in the U.S. market by the spring of 2017. Financial details of the deal have not yet been disclosed. In Apr 2016, DuPont and Origin had agreed to develop new seed technologies in China for the Chinese farmers together.
The latest agreement supports Origin’s progress in launching its North America growth platform, Pillar III, which will be focused on serving non-GM/Organic markets. The company will be providing farmers in the U.S. with these products via a digitally enabled route. This is in sync with its goal of providing agricultural products, technologies as well as services in innovative ways to the non-GM/Organic markets.
Shares of DuPont rose roughly 0.3% to close at $73.61 on Jan 3.
DuPont’s shares have gained 9.8% in the last three months while the Zacks categorized Chemicals-Diversified industry gained about 7.9% over the same period. The stock's rally has been supported by cost-cutting strategy and impending mega-merger with The Dow Chemical Company (DOW - Free Report) . The company is on track to deliver net cost reductions of $730 million in 2016.
DuPont, in Oct 2016, raised its adjusted earnings guidance for 2016. The company now sees adjusted earnings for 2016 to rise 17% year over year to $3.25 per share, an increase from its earlier view of $3.15–$3.20 per share. The company now expects full-year earnings (on a reported basis) to be roughly $2.71 per share.
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
DuPont's (DD) Unit Inks Agreement with Origin Agritech
DuPont’s (DD - Free Report) advanced seed and genetics business, DuPont Pioneer, has signed a definitive agreement with Origin Agritech Ltd. (SEED - Free Report) . Origin is an agricultural biotechnology trait and seed provider. Under the deal terms, Origin will gain access to non-GM corn seed products from DuPont Pioneer.
Origin expects to sell Commercial Seed Products in the U.S. market by the spring of 2017. Financial details of the deal have not yet been disclosed. In Apr 2016, DuPont and Origin had agreed to develop new seed technologies in China for the Chinese farmers together.
The latest agreement supports Origin’s progress in launching its North America growth platform, Pillar III, which will be focused on serving non-GM/Organic markets. The company will be providing farmers in the U.S. with these products via a digitally enabled route. This is in sync with its goal of providing agricultural products, technologies as well as services in innovative ways to the non-GM/Organic markets.
Shares of DuPont rose roughly 0.3% to close at $73.61 on Jan 3.
DuPont’s shares have gained 9.8% in the last three months while the Zacks categorized Chemicals-Diversified industry gained about 7.9% over the same period. The stock's rally has been supported by cost-cutting strategy and impending mega-merger with The Dow Chemical Company (DOW - Free Report) . The company is on track to deliver net cost reductions of $730 million in 2016.
DuPont, in Oct 2016, raised its adjusted earnings guidance for 2016. The company now sees adjusted earnings for 2016 to rise 17% year over year to $3.25 per share, an increase from its earlier view of $3.15–$3.20 per share. The company now expects full-year earnings (on a reported basis) to be roughly $2.71 per share.
DU PONT (EI) DE Price
DU PONT (EI) DE Price | DU PONT (EI) DE Quote
Zacks Rank & Key Pick
DuPont currently carries a Zacks Rank #3 (Hold).
A better-ranked company in the chemical space is The Chemours Company (CC - Free Report) , sporting a Zacks Rank #1 (Strong Buy).The company has a long-term growth rate of 15.50%. You can see the complete list of today’s Zacks #1 Rank stocks here.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>