Corteva, Inc. (NYSE:CTVA) Given Consensus Recommendation of “Moderate Buy” by Analysts

Corteva, Inc. (NYSE:CTVA) has received an average rating of “Moderate Buy” from the twenty-three research firms that are currently covering the company, Marketbeat Ratings reports. Nine equities research analysts have rated the stock with a hold recommendation and fourteen have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $91.9048.

A number of research firms recently issued reports on CTVA. UBS Group upped their price objective on shares of Corteva from $85.00 to $90.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 16th. New Street Research set a $95.00 price target on shares of Corteva in a report on Wednesday, September 16th. Argus reiterated a “buy” rating and issued a $91.00 price target on shares of Corteva in a research note on Friday, September 18th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $101.00 price objective on shares of Corteva in a report on Monday, August 3rd. Finally, Oppenheimer boosted their price objective on Corteva from $89.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday, July 23rd.

Corteva Price Performance

Corteva stock opened at $80.31 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.10 and a current ratio of 1.52. Corteva has a 52 week low of $60.53 and a 52 week high of $90.97. The stock has a market capitalization of $53.58 billion, a P/E ratio of 53.19, a price-to-earnings-growth ratio of 2.47 and a beta of 0.57. The stock has a fifty day moving average of $82.81 and a 200-day moving average of $81.51.

Corteva (NYSE:CTVA) last posted its earnings results on Thursday, July 30th. The company reported $2.30 EPS for the quarter, topping analysts’ consensus estimates of $2.24 by $0.06. Corteva had a net margin of 5.66% and a return on equity of 10.18%. The firm had revenue of $6.38 billion during the quarter, compared to analysts’ expectations of $6.60 billion. During the same quarter in the prior year, the business earned $2.20 earnings per share. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year. Corteva has set its FY 2026 guidance at 3.600-3.800 EPS. On average, sell-side analysts expect that Corteva will post 3.72 earnings per share for the current fiscal year.

Corteva Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Tuesday, September 1st. Corteva’s dividend payout ratio (DPR) is presently 47.68%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of Corteva in the second quarter worth $4,560,180,000. Franklin Resources Inc. raised its position in Corteva by 4.3% during the 4th quarter. Franklin Resources Inc. now owns 19,537,500 shares of the company’s stock worth $1,309,599,000 after purchasing an additional 805,873 shares during the last quarter. Independent Franchise Partners LLP lifted its holdings in Corteva by 1.0% during the 4th quarter. Independent Franchise Partners LLP now owns 10,495,388 shares of the company’s stock worth $703,506,000 after buying an additional 107,434 shares during the period. Wellington Management Group LLP grew its position in shares of Corteva by 941.7% in the 2nd quarter. Wellington Management Group LLP now owns 7,612,704 shares of the company’s stock valued at $644,720,000 after buying an additional 6,881,875 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Corteva in the 4th quarter valued at about $504,001,000. Institutional investors and hedge funds own 81.54% of the company’s stock.

About Corteva

Corteva, Inc is a global agricultural science company that develops and supplies seed, crop protection and digital agriculture solutions. Its products are designed to help farmers improve crop productivity, manage pests and weeds, and address changing environmental and agricultural conditions.

The company’s seed portfolio includes corn, soybean, wheat, sunflower, canola, cotton and other crop varieties marketed under brands such as Pioneer and Brevant. Corteva also provides herbicides, insecticides, fungicides and biological products, including solutions associated with its Enlist weed-control system and other crop protection technologies.

Corteva serves farmers, agricultural retailers and other customers across North America, Latin America, Europe, Asia and other international markets.