The price of Corteva Inc (NYSE:CTVA) shares last traded on Wall Street rose 0.59% to $44.15.
Based on available information, 26 analysts follow Corteva Inc (NYSE:CTVA). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $71.80 and a low of $50.00, we find $58.00. Given the previous closing price of $43.89, this indicates a potential upside of 32.15 percent. CTVA stock price is now -8.64% away from the 50-day moving average and -19.03% away from the 200-day moving average. The market capitalization of the company currently stands at $31.11B.
Among analysts, 5 rate the stock a hold while 17 rate it a buy. Brokers who have rated the stock have averaged $58.53 as their price target over the next twelve months.
With the price target reduced from $63 to $52, Berenberg Downgraded its rating from Buy to Hold for Corteva Inc (NYSE: CTVA).
In other news, Eathington Samuel R, insider bought 1,094 shares of the company’s stock on Nov 28. The stock was bought for $50,401 at an average price of $46.07. Upon completion of the transaction, the insider now directly owns 41,066 shares in the company, valued at $1.81 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 14, EVP, Seed Business Unit GLENN TIMOTHY P bought 4,000 shares of the business’s stock. A total of $183,944 was incurred on buying the stock at an average price of $45.99. This leaves the insider owning 163,121 shares of the company worth $7.2 million. Insiders disposed of 79,943 shares of company stock worth roughly $3.53 million over the past 1 year. A total of 0.14% of the company’s stock is owned by insiders.
A candlestick chart of Corteva Inc (NYSE: CTVA) showed a price of $44.09 on Wednesday morning. During the past 12 months, Corteva Inc has had a low of $43.22 and a high of $65.40. 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 $34.65B, which is based on a 33.94 price-to-earnings ratio, a 3.40 price-to-earnings-growth ratio, and a beta of 0.74. The fifty day moving average price for CTVA is $48.33 and a two-hundred day moving average price translates $54.53 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 $3.62B in revenue.
