Corteva (NYSE:CTVA) Sets New 12-Month Low – Time to Sell?

Shares of Corteva, Inc. (NYSE:CTVA) hit a new 52-week low on Thursday. The company traded as low as $14.80 and last traded at $14.04, with a volume of 2826094 shares trading hands. The stock had previously closed at $77.65.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CTVA. Weiss Ratings cut Corteva from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, August 3rd. Mizuho boosted their price target on Corteva from $96.00 to $97.00 and gave the company an “outperform” rating in a research note on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $101.00 target price on shares of Corteva in a research note on Monday, August 3rd. Barclays increased their target price on Corteva from $84.00 to $91.00 and gave the stock an “overweight” rating in a report on Thursday, June 11th. Finally, BMO Capital Markets cut their price target on shares of Corteva from $100.00 to $95.00 and set an “outperform” rating for the company in a report on Wednesday, September 16th. Fourteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $91.90.

Corteva Stock Down 82.7%

The company has a debt-to-equity ratio of 0.07, a current ratio of 1.52 and a quick ratio of 1.10. The firm has a market cap of $8.99 billion, a price-to-earnings ratio of 9.30, a price-to-earnings-growth ratio of 2.39 and a beta of 0.57. The firm has a 50 day moving average price of $81.90 and a 200-day moving average price of $81.52.

Corteva (NYSE:CTVA) last posted its earnings results on Thursday, July 30th. The company reported $2.30 earnings per share for the quarter, topping the consensus estimate of $2.24 by $0.06. Corteva had a net margin of 5.66% and a return on equity of 10.18%. The company had revenue of $6.38 billion for the quarter, compared to analyst estimates of $6.60 billion. During the same period last year, the business posted $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. As a group, equities analysts predict that Corteva, Inc. will post 3.72 EPS for the current fiscal year.

Corteva Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were issued a dividend of $0.18 per share. The ex-dividend date was Tuesday, September 1st. This represents a $0.72 annualized dividend and a yield of 5.3%. Corteva’s payout ratio is currently 47.68%.

Institutional Investors Weigh In On Corteva

A number of hedge funds have recently modified their holdings of CTVA. QRG Capital Management Inc. grew its position in shares of Corteva by 5.4% in the 2nd quarter. QRG Capital Management Inc. now owns 76,984 shares of the company’s stock valued at $6,520,000 after purchasing an additional 3,946 shares during the period. Envestnet Portfolio Solutions Inc. lifted its stake in Corteva by 16.0% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 20,770 shares of the company’s stock valued at $1,759,000 after buying an additional 2,871 shares in the last quarter. Reynders McVeigh Capital Management LLC boosted its holdings in shares of Corteva by 26.5% in the second quarter. Reynders McVeigh Capital Management LLC now owns 7,190 shares of the company’s stock valued at $609,000 after buying an additional 1,504 shares during the period. Sequoia Financial Advisors LLC increased its position in shares of Corteva by 18.4% during the second quarter. Sequoia Financial Advisors LLC now owns 41,265 shares of the company’s stock worth $3,495,000 after acquiring an additional 6,404 shares in the last quarter. Finally, Community Bank of Raymore raised its holdings in shares of Corteva by 2.0% during the second quarter. Community Bank of Raymore now owns 8,644 shares of the company’s stock worth $732,000 after acquiring an additional 168 shares during the period. Institutional investors and hedge funds own 81.54% of the company’s stock.

Corteva Company Profile

Corteva, Inc is an agriculture-focused company that develops and supplies seed, crop protection and digital agriculture products. Its offerings are designed to help farmers improve crop productivity, manage pests and diseases, and support more efficient and sustainable farming practices.

The company’s seed portfolio includes corn, soybean, wheat, sunflower, canola, cotton and other crops, marketed through brands such as Pioneer, Brevant seeds and PhytoGen. Corteva also provides herbicides, insecticides, fungicides, biological products and seed treatments under a range of agricultural brands.

Corteva serves farmers, agricultural retailers and other customers in markets around the world.