Corteva, Inc. (NYSE:CTVA) Given Consensus Rating of "Moderate Buy" by Brokerages

Shares of Corteva, Inc. (NYSE:CTVA - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the eighteen research firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $68.00.

A number of research analysts recently weighed in on the company. BNP Paribas raised Corteva to a "hold" rating in a report on Monday, February 10th. Oppenheimer lifted their price objective on Corteva from $70.00 to $72.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. KeyCorp raised their price target on Corteva from $68.00 to $70.00 and gave the company an "overweight" rating in a research report on Friday, February 7th. Citigroup upped their target price on Corteva from $69.00 to $74.00 and gave the company a "buy" rating in a research note on Wednesday, January 29th. Finally, Wells Fargo & Company boosted their price objective on shares of Corteva from $67.00 to $73.00 and gave the company an "overweight" rating in a research report on Tuesday, January 28th.

Insiders Place Their Bets

In other news, insider Brian Titus sold 26,560 shares of the company's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $63.74, for a total value of $1,692,934.40. Following the transaction, the insider now owns 11,347 shares in the company, valued at $723,257.78. This represents a 70.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.20% of the stock is currently owned by insiders.

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Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CTVA. Flagship Wealth Advisors LLC bought a new stake in shares of Corteva in the fourth quarter valued at approximately $25,000. Noble Wealth Management PBC bought a new stake in Corteva in the 4th quarter valued at $26,000. Pinney & Scofield Inc. bought a new position in shares of Corteva during the 4th quarter worth about $27,000. Hager Investment Management Services LLC bought a new position in Corteva during the fourth quarter worth about $27,000. Finally, LGT Financial Advisors LLC acquired a new stake in Corteva during the fourth quarter valued at approximately $31,000. 81.54% of the stock is owned by institutional investors.

Corteva Stock Performance

Shares of NYSE CTVA traded down $0.13 during midday trading on Tuesday, reaching $61.70. 2,209,982 shares of the company were exchanged, compared to its average volume of 3,027,237. The stock has a market cap of $42.30 billion, a P/E ratio of 47.75, a PEG ratio of 1.68 and a beta of 0.79. Corteva has a 1 year low of $50.01 and a 1 year high of $66.24. The stock has a fifty day simple moving average of $62.34 and a 200 day simple moving average of $59.81. The company has a current ratio of 1.45, a quick ratio of 0.93 and a debt-to-equity ratio of 0.08.

Corteva (NYSE:CTVA - Get Free Report) last released its earnings results on Wednesday, February 5th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.34 by ($0.02). Corteva had a net margin of 5.36% and a return on equity of 7.19%. On average, research analysts forecast that Corteva will post 2.96 earnings per share for the current fiscal year.

Corteva Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date was Monday, March 3rd. Corteva's dividend payout ratio is presently 52.71%.

Corteva Company Profile

Corteva, Inc operates in the agriculture business. It operates through two segments, Seed and Crop Protection. The Seed segment develops and supplies advanced germplasm and traits that produce optimum yield for farms. It offers trait technologies that enhance resistance to weather, disease, insects, and herbicides used to control weeds, as well as food and nutritional characteristics.