Corteva, Inc. (NYSE:CTVA) Receives Average Rating of "Moderate Buy" from Analysts

Corteva, Inc. (NYSE:CTVA - Get Free Report) has received an average recommendation of "Moderate Buy" from the eighteen brokerages that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have issued a buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $68.13.

Several brokerages recently weighed in on CTVA. Royal Bank of Canada increased their price target on Corteva from $72.00 to $73.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Citigroup lifted their target price on shares of Corteva from $69.00 to $74.00 and gave the company a "buy" rating in a report on Wednesday, January 29th. Oppenheimer increased their price target on shares of Corteva from $70.00 to $72.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Bank of America lifted their price objective on Corteva from $69.00 to $73.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. Finally, Barclays increased their target price on Corteva from $62.00 to $64.00 and gave the stock an "equal weight" rating in a research note on Tuesday, January 21st.

Corteva Stock Performance

NYSE CTVA traded down $0.32 during trading on Friday, reaching $59.38. The company's stock had a trading volume of 1,413,988 shares, compared to its average volume of 3,291,491. Corteva has a twelve month low of $50.01 and a twelve month high of $66.24. The firm has a market cap of $40.56 billion, a price-to-earnings ratio of 46.03, a P/E/G ratio of 1.68 and a beta of 0.73. The business's fifty day moving average price is $61.15 and its 200-day moving average price is $60.27. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.93 and a current ratio of 1.45.

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Corteva (NYSE:CTVA - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.02). Corteva had a net margin of 5.36% and a return on equity of 7.19%. As a group, analysts anticipate that Corteva will post 2.96 EPS for the current fiscal year.

Corteva Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.17 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.15%. Corteva's dividend payout ratio (DPR) is 52.71%.

Insider Buying and Selling

In other Corteva news, insider Brian Titus sold 26,560 shares of the firm's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $63.74, for a total transaction of $1,692,934.40. Following the sale, the insider now directly owns 11,347 shares of the company's stock, valued at $723,257.78. This trade represents a 70.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.14% of the company's stock.

Institutional Trading of Corteva

Hedge funds and other institutional investors have recently bought and sold shares of the company. Oak Thistle LLC purchased a new stake in Corteva in the fourth quarter valued at approximately $1,514,000. Van ECK Associates Corp raised its position in shares of Corteva by 5.9% in the 4th quarter. Van ECK Associates Corp now owns 9,428,206 shares of the company's stock worth $537,031,000 after buying an additional 525,531 shares during the period. Swedbank AB boosted its holdings in Corteva by 51.9% in the fourth quarter. Swedbank AB now owns 695,641 shares of the company's stock valued at $39,624,000 after acquiring an additional 237,764 shares during the last quarter. Assenagon Asset Management S.A. grew its position in Corteva by 755.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 552,769 shares of the company's stock valued at $31,486,000 after acquiring an additional 488,181 shares during the period. Finally, S.E.E.D. Planning Group LLC increased its stake in Corteva by 54.5% during the fourth quarter. S.E.E.D. Planning Group LLC now owns 96,103 shares of the company's stock worth $5,474,000 after acquiring an additional 33,886 shares during the last quarter. 81.54% of the stock is owned by hedge funds and other institutional investors.

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.