Corteva, Inc. (NYSE:CTVA) Receives $82.80 Average PT from Analysts

Shares of Corteva, Inc. (NYSE:CTVA) have been given a consensus recommendation of “Moderate Buy” by the twenty-two analysts that are currently covering the company, MarketBeat reports. Eight analysts have rated the stock with a hold recommendation, thirteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $82.90.

A number of brokerages recently commented on CTVA. Bank of America increased their price target on Corteva from $80.00 to $82.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Wall Street Zen downgraded Corteva from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Oppenheimer set a $86.00 target price on Corteva in a research note on Thursday, February 5th. Argus raised shares of Corteva to a “strong-buy” rating in a research report on Friday, January 16th. Finally, Royal Bank Of Canada lifted their price target on shares of Corteva from $80.00 to $89.00 and gave the stock an “outperform” rating in a research note on Thursday, February 5th.

Insider Activity

In other news, insider Brian Titus sold 8,311 shares of the company’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $76.55, for a total value of $636,207.05. Following the sale, the insider owned 8,090 shares in the company, valued at approximately $619,289.50. This represents a 50.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.15% of the company’s stock.

Institutional Trading of Corteva

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Corient Private Wealth LLC grew its position in shares of Corteva by 3.5% in the 4th quarter. Corient Private Wealth LLC now owns 201,416 shares of the company’s stock worth $13,505,000 after acquiring an additional 6,854 shares in the last quarter. Storen Legacy Partners LLC bought a new position in Corteva during the fourth quarter worth $404,000. SHP Wealth Management bought a new position in Corteva during the fourth quarter worth $165,000. Reflection Asset Management acquired a new position in Corteva in the fourth quarter worth $44,000. Finally, MidFirst Bank bought a new stake in Corteva during the fourth quarter valued at $1,282,000. 81.54% of the stock is owned by institutional investors.

Corteva Stock Performance

Corteva stock opened at $78.36 on Tuesday. Corteva has a 12-month low of $53.40 and a 12-month high of $80.90. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.43 and a quick ratio of 0.96. The company has a market capitalization of $52.70 billion, a price-to-earnings ratio of 49.59, a price-to-earnings-growth ratio of 2.63 and a beta of 0.72. The firm’s fifty day moving average price is $73.22 and its 200 day moving average price is $69.04.

Corteva (NYSE:CTVA) last posted its quarterly earnings data on Tuesday, February 3rd. The company reported $0.22 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.22. The company had revenue of $3.91 billion during the quarter, compared to analysts’ expectations of $4.23 billion. Corteva had a net margin of 6.29% and a return on equity of 9.06%. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.32 EPS. Corteva has set its FY 2026 guidance at 3.450-3.700 EPS. On average, research analysts forecast that Corteva will post 2.96 EPS for the current fiscal year.

Corteva Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be given a $0.18 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $0.72 annualized dividend and a dividend yield of 0.9%. Corteva’s payout ratio is presently 45.57%.

About Corteva

Corteva, Inc (NYSE: CTVA) is an independent global agriculture company that was established as a publicly traded firm in mid‑2019 following the separation of the agriculture businesses from DowDuPont. The company focuses on delivering technologies and products that help farmers increase productivity and manage crop health. Corteva’s operations combine seed genetics, crop protection chemistries, digital tools and biological solutions to address the full cycle of crop production.

Core business activities include research and development of seed genetics and trait technologies, formulation and sale of crop protection products (such as herbicides, insecticides and fungicides), and the development of seed treatments and biologicals.