Corteva, Inc. (NYSE:CTVA) Stock Has Consensus Target Price of $91.90 According to Brokerages

Shares of Corteva, Inc. (NYSE:CTVA) have received an average recommendation of “Moderate Buy” from the twenty-three brokerages that are presently covering the firm, MarketBeat.com reports. Nine analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $91.90.

Several brokerages have recently commented on CTVA. JPMorgan Chase & Co. boosted their target price on shares of Corteva from $77.00 to $83.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Royal Bank Of Canada reiterated an “outperform” rating and set a $103.00 target price on shares of Corteva in a research report on Wednesday, September 16th. KeyCorp began coverage on shares of Corteva in a report on Thursday, September 17th. They set a “sector weight” rating for the company. Zacks Research lowered shares of Corteva from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 11th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $95.00 price objective on shares of Corteva in a research note on Thursday.

Hedge Funds Weigh In On Corteva

Several institutional investors have recently bought and sold shares of CTVA. Wellington Management Group LLP increased its position in Corteva by 941.7% in the 2nd quarter. Wellington Management Group LLP now owns 7,612,704 shares of the company’s stock valued at $644,720,000 after acquiring an additional 6,881,875 shares in the last quarter. Rakuten Investment Management Inc. acquired a new position in shares of Corteva during the second quarter worth approximately $9,132,000. Kingsview Wealth Management LLC bought a new stake in shares of Corteva during the second quarter valued at approximately $1,093,000. Jupiter Topco LLC acquired a new stake in shares of Corteva in the second quarter valued at approximately $544,246,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Corteva in the second quarter valued at approximately $392,447,000. Institutional investors own 81.54% of the company’s stock.

Corteva Stock Performance

NYSE CTVA opened at $78.53 on Friday. Corteva has a twelve month low of $60.53 and a twelve month high of $90.97. The company has a quick ratio of 1.10, a current ratio of 1.52 and a debt-to-equity ratio of 0.07. The stock has a market cap of $52.39 billion, a P/E ratio of 52.01, a PEG ratio of 2.44 and a beta of 0.57. The company’s 50-day simple moving average is $82.48 and its 200 day simple moving average is $81.50.

Corteva (NYSE:CTVA) last released its quarterly earnings data on Thursday, July 30th. The company reported $2.30 earnings per share for the quarter, beating 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 the consensus estimate of $6.60 billion. During the same period in the previous year, the business earned $2.20 earnings per share. The company’s quarterly revenue 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, research analysts forecast that Corteva will post 3.72 earnings per share for the current fiscal year.

Corteva Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were given a dividend of $0.18 per share. The ex-dividend date was Tuesday, September 1st. This represents a $0.72 dividend on an annualized basis and a yield of 0.9%. Corteva’s dividend payout ratio is 47.68%.

Corteva Company Profile

Corteva, Inc is a global agricultural science company that develops and supplies seed, crop protection and digital agriculture solutions. Its products are designed to help farmers improve crop productivity, manage pests and weeds, and address changing environmental and agricultural conditions.

The company’s seed portfolio includes corn, soybean, wheat, sunflower, canola, cotton and other crop varieties marketed under brands such as Pioneer and Brevant. Corteva also provides herbicides, insecticides, fungicides and biological products, including solutions associated with its Enlist weed-control system and other crop protection technologies.

Corteva serves farmers, agricultural retailers and other customers across North America, Latin America, Europe, Asia and other international markets.