Corteva, Inc. (NYSE:CTVA) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Corteva, Inc. (NYSE:CTVA) have earned a consensus rating of “Moderate Buy” from the twenty-three ratings firms that are covering the stock, MarketBeat Ratings reports. Nine research analysts have rated the stock with a hold rating and fourteen have issued a buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $83.1905.

CTVA has been the topic of several recent research reports. Bank of America lifted their price target on shares of Corteva from $80.00 to $82.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. The Goldman Sachs Group reiterated a “buy” rating and issued a $88.00 target price on shares of Corteva in a report on Thursday, February 5th. JPMorgan Chase & Co. cut Corteva from an “overweight” rating to a “neutral” rating and lifted their price objective for the company from $75.00 to $77.00 in a research report on Thursday, February 5th. Wolfe Research lifted their target price on shares of Corteva from $81.00 to $86.00 and gave the company an “outperform” rating in a research note on Thursday, February 5th. Finally, UBS Group cut Corteva from a “buy” rating to a “hold” rating in a research report on Monday, February 9th.

Insider Buying and Selling

In other Corteva news, insider Brian Titus sold 8,311 shares of Corteva stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $76.55, for a total transaction of $636,207.05. Following the sale, the insider directly owned 8,090 shares of the company’s stock, valued at approximately $619,289.50. The trade was a 50.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.14% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Corteva

Hedge funds have recently modified their holdings of the stock. Total Investment Management Inc. acquired a new stake in Corteva in the 2nd quarter valued at $27,000. Activest Wealth Management grew its position in Corteva by 118.3% in the third quarter. Activest Wealth Management now owns 369 shares of the company’s stock valued at $25,000 after acquiring an additional 200 shares during the period. JPL Wealth Management LLC acquired a new position in Corteva during the third quarter worth $25,000. True Wealth Design LLC lifted its holdings in shares of Corteva by 209.5% during the third quarter. True Wealth Design LLC now owns 390 shares of the company’s stock valued at $26,000 after acquiring an additional 264 shares during the period. Finally, Twin Peaks Wealth Advisors LLC bought a new position in shares of Corteva during the second quarter valued at $29,000. 81.54% of the stock is owned by institutional investors and hedge funds.

Corteva Price Performance

Shares of NYSE:CTVA opened at $85.50 on Friday. Corteva has a 12 month low of $53.40 and a 12 month high of $85.56. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.43 and a quick ratio of 0.96. The stock’s 50 day moving average price is $77.62 and its 200 day moving average price is $70.10. The stock has a market cap of $57.40 billion, a price-to-earnings ratio of 54.12, a PEG ratio of 2.92 and a beta of 0.68.

Corteva (NYSE:CTVA) last announced its earnings results on Tuesday, February 3rd. The company reported $0.22 earnings per share for the quarter, meeting the consensus estimate of $0.22. Corteva had a return on equity of 9.06% and a net margin of 6.29%.The business had revenue of $3.91 billion during the quarter, compared to analysts’ expectations of $4.23 billion. During the same quarter last year, the business posted $0.32 earnings per share. The company’s quarterly revenue was down 1.7% on a year-over-year basis. Corteva has set its FY 2026 guidance at 3.450-3.700 EPS. Equities research analysts anticipate that Corteva will post 2.96 earnings per share for the current fiscal year.

Corteva Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Monday, March 2nd. Corteva’s payout ratio is 45.57%.

Corteva Company Profile

Corteva, Inc (NYSE: CTVA) is an independent global agriculture company that was established as a publicly traded firm in mid?2019 following the separation of the agriculture businesses from DowDuPont. The company focuses on delivering technologies and products that help farmers increase productivity and manage crop health. Corteva’s operations combine seed genetics, crop protection chemistries, digital tools and biological solutions to address the full cycle of crop production.

Core business activities include research and development of seed genetics and trait technologies, formulation and sale of crop protection products (such as herbicides, insecticides and fungicides), and the development of seed treatments and biologicals.