What is Corteva Inc’s (NYSE:CTVA) current market value? Can you beat the fundamentals?

In yesterday’s Wall Street session, Corteva Inc (NYSE:CTVA) shares traded at $46.97, up 0.51% from the previous session.

26 analysts cover Corteva Inc (NYSE:CTVA), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $82.00 and a low of $50.00, we find $59.00. Given the previous closing price of $46.73, this indicates a potential upside of 26.26 percent. CTVA stock price is now -5.56% away from the 50-day moving average and -15.50% away from the 200-day moving average. The market capitalization of the company currently stands at $33.10B.

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The stock has received a hold rating from 4 analysts and a buy rating from 19. Brokers who have rated the stock have averaged $60.17 as their price target over the next twelve months.

With the price target reduced from $66 to $50, Barclays Downgraded its rating from Overweight to Equal Weight for Corteva Inc (NYSE: CTVA).

In other news, GLENN TIMOTHY P, EVP, Seed Business Unit bought 4,000 shares of the company’s stock on Nov 14. The stock was bought for $183,944 at an average price of $45.99. Upon completion of the transaction, the EVP, Seed Business Unit now directly owns 163,121 shares in the company, valued at $7.66 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 14, EVP, Crop Protection Business King Robert D. bought 640 shares of the business’s stock. A total of $29,933 was incurred on buying the stock at an average price of $46.77. This leaves the insider owning 59,701 shares of the company worth $2.8 million. Insiders disposed of 70,200 shares of company stock worth roughly $3.3 million over the past 1 year. A total of 0.14% of the company’s stock is owned by insiders.

On Thursday morning Corteva Inc (NYSE: CTVA) stock kicked off with the opening price of $47.30. During the past 12 months, Corteva Inc has had a low of $43.22 and a high of $67.55. As of last week, the company has a debt-to-equity ratio of 0.23, a current ratio of 1.58, and a quick ratio of 0.97. According to the stock market information, the enterprise value for the company is $36.47B, which is based on a 36.10 price-to-earnings ratio, a 3.61 price-to-earnings-growth ratio, and a beta of 0.77. The fifty day moving average price for CTVA is $49.73 and a two-hundred day moving average price translates $55.59 for the stock.

The latest earnings results from Corteva Inc (NYSE: CTVA) was released for Sep, 2023. According to the Agricultural Inputs Company, earnings per share came in at -$0.23, inline with analysts’ expectations of -$0.23. This compares to -$0.01 EPS in the same period last year. The net profit margin was 5.38% and return on equity was 4.47% for CTVA. The company reported revenue of $2.59 billion for the quarter, compared to $2.78 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -6.73 percent. For the current quarter, analysts expect CTVA to generate $3.61B in revenue.

Corteva Inc(CTVA) 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. 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.

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