Corteva, Inc. (NYSE:CTVA) Receives $91.50 Average Price Target from Brokerages

Corteva, Inc. (NYSE:CTVA) has earned a consensus rating of “Moderate Buy” from the twenty-three research firms that are presently covering the firm, MarketBeat Ratings reports. Nine analysts have rated the stock with a hold rating and fourteen have issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $91.50.

A number of research analysts recently issued reports on CTVA shares. Barclays lifted their price target on shares of Corteva from $84.00 to $91.00 and gave the company an “overweight” rating in a research report on Thursday, June 11th. BNP Paribas Exane lifted their target price on shares of Corteva from $74.00 to $77.00 in a report on Wednesday, May 6th. Oppenheimer boosted their price target on Corteva from $89.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday, July 23rd. Bank of America raised their price objective on Corteva from $90.00 to $96.00 and gave the company a “buy” rating in a research report on Monday, July 20th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $101.00 price objective on shares of Corteva in a research note on Monday, August 3rd.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. HighTower Advisors LLC raised its holdings in Corteva by 3.1% in the 2nd quarter. HighTower Advisors LLC now owns 235,456 shares of the company’s stock worth $19,941,000 after acquiring an additional 7,037 shares during the last quarter. California State Teachers Retirement System increased its holdings in Corteva by 7,664.4% in the 2nd quarter. California State Teachers Retirement System now owns 139,830,304 shares of the company’s stock worth $11,842,228,000 after buying an additional 138,029,377 shares in the last quarter. Ameritas Advisory Services LLC bought a new position in Corteva during the 2nd quarter valued at about $297,000. Wedmont Private Capital boosted its holdings in shares of Corteva by 50.2% during the 2nd quarter. Wedmont Private Capital now owns 7,858 shares of the company’s stock valued at $673,000 after acquiring an additional 2,625 shares during the last quarter. Finally, HB Wealth Management LLC boosted its holdings in shares of Corteva by 0.5% during the 2nd quarter. HB Wealth Management LLC now owns 23,822 shares of the company’s stock valued at $2,018,000 after acquiring an additional 128 shares during the last quarter. Institutional investors own 81.54% of the company’s stock.

Corteva Price Performance

CTVA opened at $84.00 on Tuesday. The stock has a fifty day simple moving average of $82.69 and a two-hundred day simple moving average of $80.54. The company has a current ratio of 1.52, a quick ratio of 1.10 and a debt-to-equity ratio of 0.07. The company has a market cap of $56.04 billion, a price-to-earnings ratio of 55.63, a price-to-earnings-growth ratio of 2.58 and a beta of 0.57. Corteva has a 12-month low of $60.53 and a 12-month high of $90.97.

Corteva (NYSE:CTVA) last announced its quarterly earnings data on Thursday, July 30th. The company reported $2.30 EPS for the quarter, beating the consensus estimate of $2.24 by $0.06. Corteva had a return on equity of 10.18% and a net margin of 5.66%.The business had revenue of $6.38 billion during the quarter, compared to analyst estimates of $6.60 billion. During the same quarter last year, the firm posted $2.20 earnings per share. The company’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. Research analysts predict that Corteva will post 3.72 earnings per share for the current fiscal year.

Corteva Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a dividend of $0.18 per share. The ex-dividend date is Tuesday, September 1st. This represents a $0.72 annualized dividend and a dividend yield of 0.9%. Corteva’s dividend payout ratio (DPR) is presently 47.68%.

About Corteva

Corteva, Inc (NYSE: CTVA) is an independent global agriculture company that was established as a publicly traded firm in mid‑2019 following the separation of the agriculture businesses from DowDuPont. The company focuses on delivering technologies and products that help farmers increase productivity and manage crop health. Corteva’s operations combine seed genetics, crop protection chemistries, digital tools and biological solutions to address the full cycle of crop production.

Core business activities include research and development of seed genetics and trait technologies, formulation and sale of crop protection products (such as herbicides, insecticides and fungicides), and the development of seed treatments and biologicals.