Shares of Corteva, Inc. (NYSE:CTVA – Get Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the twenty research firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $61.67.
CTVA has been the subject of several recent research reports. OTR Global reiterated a “negative” rating on shares of Corteva in a research report on Friday, June 7th. Wells Fargo & Company dropped their price objective on Corteva from $67.00 to $65.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. Argus cut Corteva from a “buy” rating to a “hold” rating in a report on Wednesday, August 7th. Mizuho lowered their price target on Corteva from $61.00 to $60.00 and set a “buy” rating for the company in a research note on Tuesday, June 18th. Finally, KeyCorp reduced their price objective on shares of Corteva from $66.00 to $62.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd.
Check Out Our Latest Analysis on Corteva
Institutional Inflows and Outflows
Corteva Price Performance
Shares of CTVA stock opened at $55.12 on Friday. The firm has a market cap of $38.41 billion, a price-to-earnings ratio of 69.77, a PEG ratio of 1.65 and a beta of 0.77. Corteva has a 12 month low of $43.22 and a 12 month high of $58.76. The company has a quick ratio of 1.17, a current ratio of 1.72 and a debt-to-equity ratio of 0.10. The stock has a 50-day moving average price of $53.78 and a 200 day moving average price of $54.60.
Corteva (NYSE:CTVA – Get Free Report) last issued its earnings results on Wednesday, July 31st. The company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.09. The company had revenue of $6.11 billion for the quarter, compared to analyst estimates of $6.15 billion. Corteva had a net margin of 5.31% and a return on equity of 7.30%. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.60 EPS. Research analysts expect that Corteva will post 2.72 EPS for the current year.
Corteva Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.23%. This is a positive change from Corteva’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Tuesday, September 3rd. Corteva’s payout ratio is 86.08%.
About Corteva
Corteva, Inc operates in the agriculture business. It operates through two segments, Seed and Crop Protection. The Seed segment develops and supplies advanced germplasm and traits that produce optimum yield for farms. It offers trait technologies that enhance resistance to weather, disease, insects, and herbicides used to control weeds, as well as food and nutritional characteristics.
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