Corteva Inc (CTVA) Shares Gain 3.38% Over Last Week

A share price of Corteva Inc [CTVA] is currently trading at $52.91, down -0.02%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CTVA shares have gain 3.38% over the last week, with a monthly amount drifted -7.14%, 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 experienced fluctuations in its stock price throughout the past year between $43.22 and $58.76. Currently, Wall Street analysts expect the stock to reach $66 within the next 12 months. Corteva Inc [NYSE: CTVA] shares were valued at $52.91 at the most recent close of the market. An investor can expect a potential return of 24.74% based on the average CTVA price forecast.

Analyzing the CTVA fundamentals

Trailing Twelve Months sales for Corteva Inc [NYSE:CTVA] were 16.83B which represents -8.03% 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 0.05%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.02 and Total Capital is 0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.19.

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 52.65 points at the first support level, and at 52.40 for the second support level. However, for the 1st resistance point, the stock is sitting at 53.26, and for the 2nd resistance point, it is at 53.62.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Corteva Inc [NYSE:CTVA] is 1.51. As well, the Quick Ratio is 0.97, while the Cash Ratio is 0.18. Considering the valuation of this stock, the price to sales ratio is 2.19, the price to book ratio is 1.49 and price to earnings (TTM) ratio is 67.48.

Transactions by insiders

Recent insider trading involved FUERER CORNEL B, SVP, Gen Counsel and Secretary, that happened on May 14 ’24 when 39736.0 shares were sold., Eathington Samuel R completed a deal on May 09 ’24 to sell 31686.0 shares. Meanwhile, TITUS BRIAN sold 12134.0 shares on May 06 ’24.

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