The price of Corteva Inc (NYSE:CTVA) shares last traded on Wall Street fell -1.22% to $56.82.
CTVA stock price is now 2.56% away from the 50-day moving average and 11.23% away from the 200-day moving average. The market capitalization of the company currently stands at $39.60B.
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With the price target reduced from $58 to $57, JP Morgan Downgraded its rating from Overweight to Neutral for Corteva Inc (NYSE: CTVA). On March 01, 2024, Wolfe Research recently initiated its ‘Outperform’ rating on the stock quoting a target price of $67, while ‘Loop Capital’ rates the stock as ‘Buy’
In other news, TITUS BRIAN, insider sold 12,134 shares of the company’s stock on May 06 ’24. The stock was sold for $687,338 at an average price of $56.65. Upon completion of the transaction, the insider now directly owns 13,495 shares in the company, valued at $0.77 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 28 ’23, Eathington Samuel R bought 1,094 shares of the business’s stock. A total of $50,401 was incurred on buying the stock at an average price of $46.07. This leaves the insider owning 41,066 shares of the company worth $2.33 million. A total of 0.17% of the company’s stock is owned by insiders.
During the past 12 months, Corteva Inc has had a low of $43.22 and a high of $59.04. As of last week, the company has a debt-to-equity ratio of 0.19, a current ratio of 1.51, and a quick ratio of 0.97.
According to the Agricultural Inputs Company, earnings per share came in at 1.6, beating analysts’ expectations of 1.58 by 0.02. This compares to -$0.01 EPS in the same period last year. The net profit margin was 3.32% and return on equity was 2.77% for CTVA. The company reported revenue of $4.49 billion for the quarter, compared to $4.88 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -8.03 percent. For the current quarter, analysts expect CTVA to generate $6.24B in revenue.
