Corteva, Inc. (NYSE:CTVA) Stock Has Consensus Target Price of $60.59

Shares of Corteva, Inc. (NYSE:CTVA) have been assigned a consensus recommendation of “Moderate Buy” from the twenty-three brokerages that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and sixteen have issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $60.59.

CTVA has been the subject of a number of recent research reports. JPMorgan Chase & Co. upgraded shares of Corteva from a “neutral” rating to an “overweight” rating and set a $19.00 price target for the company in a research note on Tuesday, October 6th. UBS Group dropped their price objective on shares of Corteva to $15.00 and set a “neutral” rating on the stock in a research note on Monday. Bank of America lifted their price objective on shares of Corteva from $90.00 to $96.00 and gave the company a “buy” rating in a report on Monday, July 20th. Weiss Ratings cut shares of Corteva from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, August 3rd. Finally, Oppenheimer set a $17.00 target price on shares of Corteva in a research report on Monday, October 5th.

Institutional Investors Weigh In On Corteva

Several large investors have recently modified their holdings of CTVA. Vontobel Holding Ltd. lifted its position in shares of Corteva by 2.7% during the 3rd quarter. Vontobel Holding Ltd. now owns 121,483 shares of the company’s stock valued at $10,147,000 after buying an additional 3,201 shares during the last quarter. TD Waterhouse Canada Inc. grew its stake in shares of Corteva by 41.6% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 96,009 shares of the company’s stock worth $7,455,000 after acquiring an additional 28,199 shares during the period. Hanson & Doremus Investment Management increased its holdings in Corteva by 897.7% in the 3rd quarter. Hanson & Doremus Investment Management now owns 5,627 shares of the company’s stock worth $437,000 after acquiring an additional 5,063 shares during the last quarter. Howard Capital Management LLC increased its holdings in Corteva by 68.1% in the 3rd quarter. Howard Capital Management LLC now owns 7,511 shares of the company’s stock worth $583,000 after acquiring an additional 3,044 shares during the last quarter. Finally, TSP Capital Management Group LLC increased its holdings in Corteva by 0.4% in the 3rd quarter. TSP Capital Management Group LLC now owns 212,500 shares of the company’s stock worth $16,501,000 after acquiring an additional 921 shares during the last quarter. Hedge funds and other institutional investors own 81.54% of the company’s stock.

Corteva Trading Down 0.5%

Shares of Corteva stock opened at $12.81 on Wednesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.10 and a current ratio of 1.52. Corteva has a 52 week low of $11.74 and a 52 week high of $90.97. The stock has a 50 day moving average price of $65.05 and a two-hundred day moving average price of $75.91. The stock has a market capitalization of $8.55 billion, a PE ratio of 3.40, a price-to-earnings-growth ratio of 1.80 and a beta of 0.57.

Corteva (NYSE:CTVA) last issued its earnings results on Thursday, July 30th. The company reported $2.30 earnings per share for the quarter, topping analysts’ consensus estimates of $2.24 by $0.06. Corteva had a return on equity of 10.18% and a net margin of 5.66%. The company had revenue of $6.38 billion for the quarter, compared to analyst estimates of $6.60 billion. During the same period in the prior year, the firm earned $2.20 earnings per share. Corteva’s revenue for the quarter was down 1.2% on a year-over-year basis. Corteva has set its FY 2026 guidance at 3.600-3.800 EPS. As a group, equities analysts anticipate that Corteva will post 1.04 earnings per share for the current fiscal year.

Corteva Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend was Tuesday, September 1st. Corteva’s dividend payout ratio is currently 47.68%.

Corteva Company Profile

Corteva, Inc is an agriculture-focused company that develops and supplies seed, crop protection and digital agriculture products. Its offerings are designed to help farmers improve crop productivity, manage pests and diseases, and support more efficient and sustainable farming practices.

The company’s seed portfolio includes corn, soybean, wheat, sunflower, canola, cotton and other crops, marketed through brands such as Pioneer, Brevant seeds and PhytoGen. Corteva also provides herbicides, insecticides, fungicides, biological products and seed treatments under a range of agricultural brands.

Corteva serves farmers, agricultural retailers and other customers in markets around the world.