Corteva Inc [CTVA] stock prices are down -0.29% to $62.80 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The CTVA shares have lost -1.32% over the last week, with a monthly amount drifted -2.59%, and not seem to be holding up well over a long-time horizon.
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.
The stock price of Corteva Inc [CTVA] has been fluctuating between $50.01 and $66.24 over the past year. Currently, Wall Street analysts expect the stock to reach $66.8 within the next 12 months. Corteva Inc [NYSE: CTVA] shares were valued at $62.80 at the most recent close of the market. An investor can expect a potential return of 6.37% based on the average CTVA price forecast.
Analyzing the CTVA fundamentals
The Corteva Inc [NYSE:CTVA] reported sales of 16.91B for trailing twelve months, representing a surge of 7.31%. Gross Profit Margin for this corporation currently stands at 0.42% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.08%, 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 0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.11.
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 62.28 points at the first support level, and at 61.75 for the second support level. However, for the 1st resistance point, the stock is sitting at 63.23, and for the 2nd resistance point, it is at 63.65.
Ratios To Look Out For
It’s worth pointing out that Corteva Inc [NYSE:CTVA]’s Current Ratio is 1.45. On the other hand, the Quick Ratio is 0.93, and the Cash Ratio is 0.3. Considering the valuation of this stock, the price to sales ratio is 2.55, the price to book ratio is 1.81 and price to earnings (TTM) ratio is 48.81.
Transactions by insiders
Recent insider trading involved TITUS BRIAN, that happened on Feb 20 ’25 when 26560.0 shares were sold. Chief Executive Officer, Magro Charles V. completed a deal on Feb 19 ’25 to sell 46905.0 shares. Meanwhile, Officer TITUS BRIAN bought 26560.0 shares on Feb 20 ’25.
