Corteva, Inc. (NYSE:CTVA – Get Free Report) has received an average rating of “Moderate Buy” from the twenty analysts that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $61.67.
CTVA has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $65.00 price objective on shares of Corteva in a report on Wednesday, June 12th. Wells Fargo & Company decreased their price target on shares of Corteva from $67.00 to $65.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. JPMorgan Chase & Co. dropped their price objective 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. Argus lowered shares of Corteva from a “buy” rating to a “hold” rating in a research note on Wednesday, August 7th. Finally, KeyCorp dropped their price target on Corteva from $66.00 to $62.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd.
Read Our Latest Stock Analysis on CTVA
Institutional Investors Weigh In On Corteva
Corteva Trading Up 0.7 %
Shares of Corteva stock opened at $58.00 on Tuesday. Corteva has a fifty-two week low of $43.22 and a fifty-two week high of $58.92. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.17 and a current ratio of 1.72. The company has a market cap of $40.42 billion, a P/E ratio of 73.42, a price-to-earnings-growth ratio of 1.60 and a beta of 0.77. The firm has a 50-day simple moving average of $54.78 and a two-hundred day simple moving average of $54.80.
Corteva (NYSE:CTVA – Get Free Report) last announced its earnings results on Wednesday, July 31st. The company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.09. The firm 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%. The business’s revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.60 EPS. As a group, equities analysts predict that Corteva will post 2.69 earnings per share for the current fiscal year.
Corteva Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend was Tuesday, September 3rd. This is a boost from Corteva’s previous quarterly dividend of $0.16. Corteva’s dividend payout ratio (DPR) is presently 86.08%.
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.
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