Corteva (CTVA) Stock Price, News & Analysis

Company Overview

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. This segment also provides digital solutions that assist farmer decision-making with a view to optimize product selection, and maximize yield and profitability. The Crop Protection segment offers products that protect against weeds, insects and other pests, and diseases, as well as enhances crop health above and below ground through nitrogen management and seed-applied technologies. This segment provides herbicides, insecticides, nitrogen stabilizers, and pasture and range management herbicides. It serves agricultural input industry. The company operates in the United States, Canada, Latin America, the Asia Pacific, Europe, the Middle East, and Africa. Corteva, Inc. was incorporated in 2018 and is headquartered in Indianapolis, Indiana.

Key Stats

• Today's Range: $58.00 to $59.03
• 50-Day Range: $55.19 to $61.75
• 52-Week Range: $43.89 to $63.75
• Volume: 3.51 million shs
• Average Volume: 3.28 million shs
• Market Capitalization: $40.39 billion
• P/E Ratio: 59.36
• Dividend Yield: 1.16%
• Price Target: $63.89
• Consensus Rating: Moderate Buy

Corteva Stock Analysis - MarketRank™

Corteva scored higher than 85% of companies evaluated by MarketBeat, and ranked 33rd out of 138 stocks in the consumer staples sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Corteva has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 15 buy ratings, 5 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Corteva has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 24.32%

Earnings Growth

Earnings for Corteva are expected to grow by 24.32% in the coming year, from $2.59 to $3.22 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Corteva is 59.36, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.22.

Price to Earnings Ratio vs. Sector

The P/E ratio of Corteva is 59.36, which means that it is trading at a more expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 23.97.

Price to Earnings Growth Ratio

Corteva has a PEG Ratio of 1.77. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Corteva has a P/B Ratio of 1.64. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.48% of the float of Corteva has been sold short.

Short Interest Ratio / Days to Cover

Corteva has a short interest ratio ("days to cover") of 3.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Corteva has recently increased by 26.53%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Corteva pays a meaningful dividend of 1.23%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Corteva does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Corteva is 68.69%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Corteva will have a dividend payout ratio of 21.12% next year. This indicates that Corteva will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 1.0 / 5
• Environmental Score: -8.17

Percentage of Shares Shorted

1.48% of the float of Corteva has been sold short.

Short Interest Ratio / Days to Cover

Corteva has a short interest ratio ("days to cover") of 3.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Corteva has recently increased by 26.53%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.2 / 5
• News Sentiment: 0.71

News Sentiment

Corteva has a news sentiment score of 0.71. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Consumer Staples companies.

News Coverage This Week

MarketBeat has tracked 33 news articles for Corteva this week, compared to 9 articles on an average week.

Search Interest

19 people have searched for CTVA on MarketBeat in the last 30 days. This is an increase of 90% compared to the previous 30 days.

MarketBeat Follows

7 people have added Corteva to their MarketBeat watchlist in the last 30 days. This is an increase of 75% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Corteva insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.20% of the stock of Corteva is held by insiders.

Percentage Held by Institutions

81.54% of the stock of Corteva is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CTVA Stock Analysis - Frequently Asked Questions

How have CTVA shares performed this year?

Corteva's stock was trading at $47.92 at the start of the year. Since then, CTVA shares have increased by 22.6% and is now trading at $58.77.
View the best growth stocks for 2024 here.

How were Corteva's earnings last quarter?

Corteva, Inc. (NYSE:CTVA) posted its earnings results on Wednesday, July, 31st. The company reported $1.83 EPS for the quarter, beating analysts' consensus estimates of $1.74 by $0.09. The firm's quarterly revenue was up 1.1% compared to the same quarter last year.
Read the conference call transcript.

How will Corteva's stock buyback program work?

Corteva's board initiated a share buyback program on Tuesday, November 19th 2024, which authorizes the company to buy back $3,000,000,000 in outstanding shares, according to EventVestor. This means that the company could reacquire up to 7.5% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's leadership believes its shares are undervalued.

Does Corteva have any subsidiaries?

Corteva subsidiaries include these companies: 3319858 Nova Scotia Company, Agar Cross Paraguaya S.A., AG EMEA Cooperatief U.A., AG EMEA Holding 1 BV, AG EMEA Holding 2 BV, AG EMEA Holding 3 BV, AG EMEA Holding 4 BV., and more.

Who are Corteva's major shareholders?

Top institutional investors of Corteva include State Street Corp (4.99%), Geode Capital Management LLC (2.58%), Harris Associates L P (2.09%) and Massachusetts Financial Services Co. MA (1.88%). Insiders that own company stock include Cornel B Fuerer, Charles V Magro, David J Anderson, Robert D King, Samuel R Eathington, Brian Titus, Audrey Grimm and Klaus A Engel.
View institutional ownership trends.

How do I buy shares of Corteva?

Shares of CTVA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Corteva own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Corteva investors own include Chevron (CVX), Bristol-Myers Squibb (BMY), Comcast (CMCSA), McKesson (MCK), Charles Schwab (SCHW), Edwards Lifesciences (EW) and Yum! Brands (YUM).

Company Calendar

• Last Earnings: 7/31/2024
• Ex-Dividend for 9/17 Dividend: 9/03/2024
• Dividend Payable: 9/17/2024
• Today: 11/20/2024
• Ex-Dividend for 12/16 Dividend: 12/02/2024
• Dividend Payable: 12/16/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 1/29/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Consumer Staples
• Industry: Agricultural production - crops
• Sub-Industry: Agriculture
• Current Symbol: NYSE:CTVA
• CUSIP: N/A
• CIK: 1755672
• Web: www.corteva.com
• Phone: (833) 267-8382
• Fax: N/A
• Employees: 22,500
• Year Founded: 2019

Price Target and Rating

• Average Stock Price Target: $63.89
• High Stock Price Target: $71.00
• Low Stock Price Target: $52.00
• Potential Upside/Downside: +8.7%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.67
• Research Coverage: 21 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.99
• Trailing P/E Ratio: 59.36
• Forward P/E Ratio: 22.69
• P/E Growth: 1.77
• Net Income: $735 million
• Net Margins: 4.18%
• Pretax Margin: 5.19%
• Return on Equity: 6.63%
• Return on Assets: 3.93%

Debt

• Debt-to-Equity Ratio: 0.08
• Current Ratio: 1.50
• Quick Ratio: 0.96

Sales & Book Value

• Annual Sales: $17.23 billion
• Price / Sales: 2.34
• Cash Flow: $4.72 per share
• Price / Cash Flow: 12.45
• Book Value: $35.87 per share
• Price / Book: 1.64

Miscellaneous

• Outstanding Shares: 687,290,000
• Free Float: 685,918,000
• Market Cap: $40.39 billion
• Optionable: Optionable
• Beta: 0.77