Currently, Corteva Inc [CTVA] is trading at $58.24, up 2.19%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The CTVA shares have gain 1.94% over the last week, with a monthly amount drifted -1.70%, 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 October 23, 2024, when Citigroup initiated its Buy rating and assigned the stock a price target of $68. Previously, BofA Securities upgraded its rating to Buy on October 16, 2024, and elevated its price target to $67. On August 07, 2024, downgrade downgraded it’s rating to Hold. JP Morgan downgraded its rating to a Neutral and decreased its price target to $57 on April 12, 2024. Wolfe Research initiated its recommendation with a Outperform and recommended $67 as its price target on March 01, 2024. Loop Capital upgraded its rating to Buy for this stock on February 12, 2024, and upped its price target to $65. In a note dated February 02, 2024, Exane BNP Paribas upgraded an Neutral rating on this stock but restated the target price of $53.
This stock has fluctuated between a low of $43.89 and a high of $63.75 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $66.95 within the next 12 months. Corteva Inc [NYSE: CTVA] shares were valued at $58.24 at the most recent close of the market. An investor can expect a potential return of 14.96% based on the average CTVA price forecast.
Analyzing the CTVA fundamentals
Trailing Twelve Months sales for Corteva Inc [NYSE:CTVA] were 16.64B which represents -10.19% decline. Gross Profit Margin for this corporation currently stands at 0.42% with Operating Profit Margin at 0.12%, Pretax Profit Margin comes in at 0.05%, 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 0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.23.
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 56.80 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 59.04, and for the 2nd resistance point, it is at 59.85.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Corteva Inc [NYSE:CTVA] is 1.50. In addition, the Quick Ratio stands at 0.96 and the Cash Ratio stands at 0.23. Considering the valuation of this stock, the price to sales ratio is 2.41, the price to book ratio is 1.62 and price to earnings (TTM) ratio is 59.01.
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.
