NEW YORK (TheStreet) -- DuPont (DD) - Get Report stock closed up by 2.8% to $62.06 on heavy trading volume on Tuesday, following comments from interim CEO Ed Breen on possible acquisitions for the seed and crop-chemicals units.
The company is in talks with competitors about consolidation in the agriculture industry, Breen said during the 2015 third quarter earnings call, Reuters reports.
Last week, Dow Chemical Co. (DOW) said it will review its farm chemicals and seeds unit, Reuters noted.
"We would be shocked if DuPont's management team did not at least look at Dow's business - a large agriculture business like Dow's rarely changes owners," Grayson Witcher, a portfolio manager at Mawer Investment Management, told Reuters.
DuPont stock opened in the red this morning after the company reported revenue that missed estimates for the third quarter.
Revenue fell 17% year-over-year to $4.87 billion, missing estimates of $5.3 billion.
The company did report earnings of 13 cents per share, beating estimates by 3 cents.
By the end of the trading day, 7.92 million share of DuPont had exchanged hands, compared with its average daily volume of 6.81 million shares.
Separately, TheStreet Ratings team rates DU PONT (E I) DE NEMOURS as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
We rate DU PONT (E I) DE NEMOURS (DD) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, expanding profit margins and notable return on equity. We feel its strengths outweigh the fact that the company shows weak operating cash flow.
You can view the full analysis from the report here: DD