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

Shares of Corteva, Inc. (NYSE:CTVAGet Free Report) have received a consensus rating of “Moderate Buy” from the twenty-one brokerages that are covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $63.14.

Several equities research analysts recently weighed in on the stock. Loop Capital raised shares of Corteva from a “hold” rating to a “buy” rating and upped their price objective for the stock from $57.00 to $65.00 in a report on Monday, February 12th. TheStreet raised shares of Corteva from a “c+” rating to a “b-” rating in a report on Tuesday, February 27th. Oppenheimer upped their price objective on shares of Corteva from $60.00 to $62.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Wolfe Research started coverage on shares of Corteva in a report on Friday, March 1st. They issued an “outperform” rating and a $67.00 price target for the company. Finally, UBS Group cut their price target on shares of Corteva from $65.00 to $64.00 and set a “buy” rating for the company in a report on Thursday, January 11th.

View Our Latest Analysis on CTVA

Corteva Stock Performance

Shares of CTVA opened at $57.68 on Tuesday. Corteva has a 1 year low of $43.22 and a 1 year high of $63.37. The company has a market cap of $40.31 billion, a price-to-earnings ratio of 56.55, a price-to-earnings-growth ratio of 1.48 and a beta of 0.77. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.90 and a current ratio of 1.56. The firm has a fifty day moving average of $53.19 and a 200-day moving average of $49.82.

Corteva (NYSE:CTVAGet Free Report) last posted its quarterly earnings data on Thursday, February 1st. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.09. The business had revenue of $3.71 billion during the quarter, compared to the consensus estimate of $3.54 billion. Corteva had a net margin of 4.27% and a return on equity of 7.43%. During the same quarter in the prior year, the company posted $0.16 earnings per share. As a group, equities analysts anticipate that Corteva will post 2.87 earnings per share for the current year.

Corteva Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $0.16 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.64 annualized dividend and a dividend yield of 1.11%. Corteva’s payout ratio is 62.75%.

Institutional Investors Weigh In On Corteva

Large investors have recently made changes to their positions in the company. CVA Family Office LLC bought a new stake in Corteva during the fourth quarter worth approximately $25,000. BKM Wealth Management LLC bought a new stake in Corteva during the fourth quarter worth approximately $27,000. NewSquare Capital LLC raised its stake in shares of Corteva by 70.6% in the third quarter. NewSquare Capital LLC now owns 546 shares of the company’s stock valued at $28,000 after purchasing an additional 226 shares in the last quarter. Glass Jacobson Investment Advisors llc raised its stake in shares of Corteva by 234.3% in the third quarter. Glass Jacobson Investment Advisors llc now owns 555 shares of the company’s stock valued at $28,000 after purchasing an additional 389 shares in the last quarter. Finally, ICA Group Wealth Management LLC acquired a new position in shares of Corteva in the fourth quarter valued at $28,000. Institutional investors own 81.54% of the company’s stock.

About Corteva

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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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Analyst Recommendations for Corteva (NYSE:CTVA)

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