Corteva Inc [CTVA] stock is trading at $53.96, up 0.80%. An important factor to consider is whether the stock is rising or falling in short-term value. The CTVA shares have lost -4.43% over the last week, with a monthly amount drifted -1.30%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Corteva Inc [NYSE: CTVA] stock has seen the most recent analyst activity on April 12, 2024, when JP Morgan downgraded its rating to a Neutral and also revised its price target to $57 from $58. Previously, Wolfe Research started tracking the stock with Outperform rating on March 01, 2024, and set its price target to $67. On February 12, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $65 on the stock. Exane BNP Paribas upgraded its rating to a Neutral but stick to its price target of $53 on February 02, 2024. Berenberg downgraded its rating to a Hold and reduced its price target to $52 on November 27, 2023. Barclays downgraded its rating to Equal Weight for this stock on November 14, 2023, and downed its price target to $50. In a note dated October 20, 2023, Oppenheimer upgraded an Outperform rating on this stock.
Corteva Inc [CTVA] stock has fluctuated between $43.22 and $63.06 over the past year. Currently, Wall Street analysts expect the stock to reach $67 within the next 12 months. Corteva Inc [NYSE: CTVA] shares were valued at $53.96 at the most recent close of the market. An investor can expect a potential return of 24.17% based on the average CTVA price forecast.
Analyzing the CTVA fundamentals
Corteva Inc [NYSE:CTVA] reported sales of 17.23B for the trailing twelve months, which represents a drop of -3.08%. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.1.
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 53.66 points at the first support level, and at 53.36 for the second support level. However, for the 1st resistance point, the stock is sitting at 54.21, and for the 2nd resistance point, it is at 54.47.
Ratios To Look Out For
For context, Corteva Inc’s Current Ratio 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 2.19, the price to book ratio is 1.51 and price to earnings (TTM) ratio is 52.97.
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.
