At the time of writing, Corteva Inc [CTVA] stock is trading at $54.28, up 1.27%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CTVA shares have gain 4.40% over the last week, with a monthly amount drifted -0.20%, 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 August 07, 2024, when Argus downgraded its rating to a Hold. Previously, JP Morgan downgraded its rating to Neutral on April 12, 2024, and dropped its price target to $57. On March 01, 2024, Wolfe Research initiated with a Outperform rating and assigned a price target of $67 on the stock. Loop Capital upgraded its rating to a Buy and increased its price target to $65 on February 12, 2024. Exane BNP Paribas upgraded its rating to a Neutral but $53 remained the price target by the analyst firm on February 02, 2024. Berenberg downgraded its rating to Hold for this stock on November 27, 2023, and downed its price target to $52. In a note dated November 14, 2023, Barclays downgraded an Equal Weight rating on this stock and revised its target price from $66 to $50.
For the past year, the stock price of Corteva Inc fluctuated between $43.22 and $58.76. Currently, Wall Street analysts expect the stock to reach $65.79 within the next 12 months. Corteva Inc [NYSE: CTVA] shares were valued at $54.28 at the most recent close of the market. An investor can expect a potential return of 21.2% based on the average CTVA price forecast.
Analyzing the CTVA fundamentals
According to Corteva Inc [NYSE:CTVA], the company’s sales were 16.90B for trailing twelve months, which represents an 1.11% jump. Gross Profit Margin for this corporation currently stands at 0.42% with Operating Profit Margin at 0.13%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.04 and Total Capital is 0.07. 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 53.88 points at the first support level, and at 53.48 for the second support level. However, for the 1st resistance point, the stock is sitting at 54.55, and for the 2nd resistance point, it is at 54.82.
Ratios To Look Out For
It is important to note that Corteva Inc [NYSE:CTVA] has a current ratio of 1.72. Also, the Quick Ratio is 1.17, while the Cash Ratio stands at 0.24. Considering the valuation of this stock, the price to sales ratio is 2.22, the price to book ratio is 1.50 and price to earnings (TTM) ratio is 42.01.
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.
