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

Corteva, Inc. (NYSE:CTVA) has been given a consensus rating of “Moderate Buy” by the twenty-one research firms that are covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and fifteen have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $63.29.

Several equities research analysts have recently issued reports on CTVA shares. Mizuho lowered their price objective on shares of Corteva from $59.00 to $56.00 and set a “buy” rating for the company in a research report on Thursday, February 1st. Loop Capital raised shares of Corteva from a “hold” rating to a “buy” rating and increased their price objective for the stock from $57.00 to $65.00 in a research report on Monday, February 12th. TheStreet raised shares of Corteva from a “c+” rating to a “b-” rating in a research report on Tuesday, February 27th. Oppenheimer increased their price objective on shares of Corteva from $62.00 to $67.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 16th. Finally, Wolfe Research began coverage on shares of Corteva in a research report on Friday, March 1st. They set an “outperform” rating and a $67.00 price objective for the company.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CTVA. CVA Family Office LLC acquired a new position in shares of Corteva in the 4th quarter worth approximately $25,000. Redmont Wealth Advisors LLC acquired a new position in shares of Corteva in the 1st quarter worth approximately $25,000. BKM Wealth Management LLC acquired a new position in shares of Corteva during the 4th quarter valued at $27,000. Rise Advisors LLC lifted its position in shares of Corteva by 2,522.2% during the 1st quarter. Rise Advisors LLC now owns 472 shares of the company’s stock valued at $27,000 after acquiring an additional 454 shares during the period. Finally, NewSquare Capital LLC lifted its position in shares of Corteva by 70.6% during the 3rd quarter. NewSquare Capital LLC now owns 546 shares of the company’s stock valued at $28,000 after acquiring an additional 226 shares during the period. Institutional investors and hedge funds own 81.54% of the company’s stock.

Corteva Stock Up 0.4 %

Shares of NYSE:CTVA opened at $54.92 on Friday. Corteva has a 52 week low of $43.22 and a 52 week high of $61.87. 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 company has a market capitalization of $38.38 billion, a PE ratio of 53.84, a PEG ratio of 1.43 and a beta of 0.77. The company has a 50 day moving average price of $55.28 and a two-hundred day moving average price of $50.46.

Corteva (NYSE:CTVA) last issued its earnings results on Thursday, February 1st. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.06 by $0.09. Corteva had a net margin of 4.27% and a return on equity of 7.43%. The firm had revenue of $3.71 billion during the quarter, compared to the consensus estimate of $3.54 billion. During the same quarter in the prior year, the firm earned $0.16 earnings per share. Analysts forecast that Corteva will post 2.84 earnings per share for the current year.

Corteva Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.17%. Corteva’s dividend payout ratio is presently 62.75%.

Corteva Company Profile

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.