Shares of Corteva, Inc. (NYSE:CTVA - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the twenty-one ratings firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $62.21.
Several equities analysts have commented on the company. Argus downgraded Corteva from a "buy" rating to a "hold" rating in a research report on Wednesday, August 7th. Wells Fargo & Company dropped their price objective on shares of Corteva from $67.00 to $65.00 and set an "overweight" rating for the company in a report on Friday, August 2nd. Bank of America raised shares of Corteva from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $59.00 to $67.00 in a report on Wednesday. JPMorgan Chase & Co. dropped their price target on shares of Corteva from $57.00 to $55.00 and set a "neutral" rating for the company in a research note on Friday, August 2nd. Finally, Morgan Stanley reiterated an "overweight" rating and set a $65.00 price target on shares of Corteva in a report on Tuesday, September 24th.
Get Our Latest Analysis on CTVA
Institutional investors have recently bought and sold shares of the stock. Pinnacle Bancorp Inc. grew its position in Corteva by 26.1% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 962 shares of the company's stock worth $57,000 after purchasing an additional 199 shares in the last quarter. &PARTNERS increased its position in shares of Corteva by 4.3% during the first quarter. &PARTNERS now owns 4,829 shares of the company's stock valued at $278,000 after acquiring an additional 200 shares during the last quarter. Herr Investment Group LLC lifted its holdings in Corteva by 2.8% during the first quarter. Herr Investment Group LLC now owns 7,400 shares of the company's stock worth $427,000 after acquiring an additional 200 shares during the period. Azzad Asset Management Inc. ADV boosted its position in Corteva by 0.4% in the second quarter. Azzad Asset Management Inc. ADV now owns 48,200 shares of the company's stock worth $2,600,000 after purchasing an additional 203 shares during the last quarter. Finally, Albion Financial Group UT grew its stake in Corteva by 77.2% in the 1st quarter. Albion Financial Group UT now owns 505 shares of the company's stock valued at $29,000 after purchasing an additional 220 shares during the period. Institutional investors own 81.54% of the company's stock.
Shares of NYSE:CTVA opened at $59.42 on Friday. Corteva has a 1 year low of $43.22 and a 1 year high of $59.68. The stock has a market capitalization of $41.41 billion, a price-to-earnings ratio of 75.22, a price-to-earnings-growth ratio of 1.66 and a beta of 0.77. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.72 and a quick ratio of 1.17. The company's 50 day simple moving average is $56.36 and its 200 day simple moving average is $55.09.
Corteva (NYSE:CTVA - Get Free Report) last released its quarterly earnings data on Wednesday, July 31st. The company reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.09. The business had revenue of $6.11 billion for the quarter, compared to analyst estimates of $6.15 billion. Corteva had a return on equity of 7.30% and a net margin of 5.31%. Corteva's revenue was up 1.1% compared to the same quarter last year. During the same period last year, the firm posted $1.60 earnings per share. As a group, research analysts predict that Corteva will post 2.66 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were given a $0.17 dividend. This is a boost from Corteva's previous quarterly dividend of $0.16. The ex-dividend date was Tuesday, September 3rd. This represents a $0.68 annualized dividend and a yield of 1.14%. Corteva's dividend payout ratio (DPR) is presently 86.08%.
Corteva, Inc operates in the agriculture business. It operates through two segments, Seed and Crop Protection. The Seed segment develops and supplies advanced germplasm and traits that produce optimum yield for farms. It offers trait technologies that enhance resistance to weather, disease, insects, and herbicides used to control weeds, as well as food and nutritional characteristics.
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