Corteva (NYSE:CTVA) Hits New 1-Year High – Still a Buy?

Corteva, Inc. (NYSE:CTVA) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $85.56 and last traded at $85.4420, with a volume of 1521428 shares traded. The stock had previously closed at $84.25.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Wall Street Zen cut Corteva from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Oppenheimer set a $86.00 price objective on Corteva in a research note on Thursday, February 5th. Argus boosted their price objective on Corteva from $80.00 to $91.00 and gave the stock a “buy” rating in a research note on Tuesday, March 31st. Wolfe Research boosted their price objective on Corteva from $81.00 to $86.00 and gave the stock an “outperform” rating in a research note on Thursday, February 5th. Finally, Wells Fargo & Company boosted their price objective on Corteva from $77.00 to $85.00 and gave the stock an “overweight” rating in a research note on Thursday, February 5th. Fourteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, Corteva currently has an average rating of “Moderate Buy” and an average target price of $83.19.

Corteva Stock Performance

The company has a quick ratio of 0.96, a current ratio of 1.43 and a debt-to-equity ratio of 0.07. The company has a 50 day moving average of $77.86 and a 200 day moving average of $70.19. The firm has a market cap of $57.30 billion, a price-to-earnings ratio of 54.02, a PEG ratio of 2.92 and a beta of 0.68.

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

Corteva Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 2nd were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Monday, March 2nd. Corteva’s payout ratio is currently 45.57%.

Insiders Place Their Bets

In related news, insider Brian Titus sold 8,311 shares of the business’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $76.55, for a total value of $636,207.05. Following the completion of the sale, the insider directly owned 8,090 shares of the company’s stock, valued at $619,289.50. The trade was a 50.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.14% of the stock is currently owned by corporate insiders.

Institutional Trading of Corteva

Hedge funds and other institutional investors have recently bought and sold shares of the company. Chilton Capital Management LLC grew its holdings in shares of Corteva by 18.1% during the third quarter. Chilton Capital Management LLC now owns 445,350 shares of the company’s stock valued at $30,119,000 after purchasing an additional 68,380 shares during the last quarter. TriaGen Wealth Management LLC bought a new position in shares of Corteva during the third quarter valued at approximately $4,284,000. Truist Financial Corp grew its holdings in shares of Corteva by 4.5% during the third quarter. Truist Financial Corp now owns 321,913 shares of the company’s stock valued at $21,771,000 after purchasing an additional 13,910 shares during the last quarter. New York State Teachers Retirement System grew its holdings in shares of Corteva by 4.5% during the third quarter. New York State Teachers Retirement System now owns 551,389 shares of the company’s stock valued at $37,290,000 after purchasing an additional 23,548 shares during the last quarter. Finally, Alberta Investment Management Corp bought a new position in shares of Corteva during the third quarter valued at approximately $5,018,000. 81.54% of the stock is owned by institutional investors.

Corteva Company Profile

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.