A share price of Corteva Inc [CTVA] is currently trading at $56.30, up 1.20%. An important factor to consider is whether the stock is rising or falling in short-term value. The CTVA shares have gain 2.98% over the last week, with a monthly amount glided 2.70%, and seem to be holding up well over a long-time horizon.
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On 19, March 2024, Corteva Launches Corteva Catalyst. In a post published today on Yahoo Finance, New Investment and Partnership Platform Will Accelerate Next Generation Ag-tech Innovation.
From an analyst’s perspective:
Corteva Inc [NYSE: CTVA] stock has seen the most recent analyst activity on March 01, 2024, when Wolfe Research initiated its Outperform rating and assigned the stock a price target of $67. Previously, Loop Capital upgraded its rating to Buy on February 12, 2024, and elevated its price target to $65. On February 02, 2024, upgrade upgraded it’s rating to Neutral but maintained its price target of $53 on the stock. Berenberg downgraded its rating to a Hold and decreased its price target to $52 on November 27, 2023. Barclays downgraded its rating to a Equal Weight and reduced its price target to $50 on November 14, 2023. Oppenheimer upgraded its rating to Outperform for this stock on October 20, 2023. In a note dated September 05, 2023, UBS upgraded an Buy rating on this stock and boosted its target price from $63 to $67.
Corteva Inc experienced fluctuations in its stock price throughout the past year between $43.22 and $63.37. Currently, Wall Street analysts expect the stock to reach $67 within the next 12 months. Corteva Inc [NYSE: CTVA] shares were valued at $56.30 at the most recent close of the market. An investor can expect a potential return of 19.01% based on the average CTVA price forecast.
Analyzing the CTVA fundamentals
Trailing Twelve Months sales for Corteva Inc [NYSE:CTVA] were 17.23B which represents -3.08% decline. Gross Profit Margin for this corporation currently stands at 0.42% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.03 and Total Capital is 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.1.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 55.84 points at the first support level, and at 55.37 for the second support level. However, for the 1st resistance point, the stock is sitting at 56.56, and for the 2nd resistance point, it is at 56.81.
Corteva Inc [CTVA] reported earnings per share of $0.15 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.06/share, meaning a difference of $0.09 and a surprise factor of 150.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.23 per share as compared to estimates of -$0.23 per share, a difference of $0 representing a surprise of 0.00%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Corteva Inc [NYSE:CTVA] is 1.56. On the other hand, the Quick Ratio is 0.90, and the Cash Ratio is 0.25. Considering the valuation of this stock, the price to sales ratio is 2.25, the price to book ratio is 1.58 and price to earnings (TTM) ratio is 55.27.
Transactions by insiders
Recent insider trading involved Eathington Samuel R, that happened on Nov 28 ’23 when 1094.0 shares were purchased. EVP, Seed Business Unit, GLENN TIMOTHY P completed a deal on Nov 14 ’23 to buy 4000.0 shares. Meanwhile, EVP, Crop Protection Business King Robert D. bought 640.0 shares on Nov 14 ’23.
