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Corteva (CTVA)
NYSE:CTVA
Corteva (CTVA) Stock Price & Analysis
1,473 Followers
CTVA Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$42.94 - $58.76
Previous Close$56.45
Volume5.28M
Average Volume (3M)3.36M
Market Cap
$39.34B
Enterprise Value$42.55B
Total Cash (Recent Filing)$2.62B
Total Debt (Recent Filing)$5.58B
Price to Earnings (P/E)72.0
Beta0.74
Next Earnings
Aug 01, 2024EPS Estimate
$1.81Next Dividend Ex-Date
Jun 04, 2024Dividend Yield1.12%
Share Statistics
EPS (TTM)0.78
Shares Outstanding696,976,000
10 Day Avg. Volume4,146,155
30 Day Avg. Volume3,360,526
Standard Deviation0.08
R-Squared0.30
Alpha0.00650
Financial Highlights & Ratios
Price to Book (P/B)7.06
Price to Sales (P/S)8.06
Price to Cash Flow (P/CF)N/A
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.43
Enterprise Value/Gross Profit20.14
Enterprise Value/Ebitda33.96
Forecast
1Y Price Target
$63.87Price Target Upside13.14% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering15
Corteva News
Bulls Say, Bears Say
Bulls Say
Earnings GrowthAnalyst's recommendation includes an Overweight rating on CTVA with an increased Price Target, reflecting confidence in the company's financial targets and potential for continued earnings growth.
Product DemandStrong demand for corn seeds in North America and the expected recovery in Crop Protection volume in Latin America highlight the company's robust market position and potential for sales expansion.
Regulatory DevelopmentsThe European Union's agricultural policy shift favoring gene editing could significantly enhance Corteva's market opportunities, as it may lead to faster product approval cycles and bolster the company's advanced breeding techniques.
Bears Say
Analyst Rating And Stock PotentialAnalyst downgrades Corteva's stock rating to Neutral due to expected weakness in 1Q:24 earnings.
Earnings Guidance ConcernCorteva's earnings guidance for 2024 is ambitious, with the company needing to achieve a significant EBITDA in the second quarter which it has never done before.
Volume And Pricing PressureCrop protection volume was down 18% this quarter as farmers delay purchases and destocking continues in Latin America.
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Ownership Overview
0.30% Insiders
31.99% Mutual Funds
46.64% Other Institutional Investors
21.07% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Legal & RegulatoryLitigation, compliance, new legislation, and taxation risks
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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CTVA FAQ
What was Corteva’s price range in the past 12 months?
Corteva lowest stock price was $42.94 and its highest was $58.76 in the past 12 months.
What is Corteva’s market cap?
Currently, no data Available
When is Corteva’s upcoming earnings report date?
Corteva’s upcoming earnings report date is Aug 01, 2024 which is in 74 days.
How were Corteva’s earnings last quarter?
Corteva released its earnings results on May 01, 2024. The company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.823 by $0.067.
Is Corteva overvalued?
According to Wall Street analysts Corteva’s price is currently Undervalued.
Does Corteva pay dividends?
Corteva pays a Quarterly dividend of $0.16 which represents an annual dividend yield of 1.12%. See more information on Corteva dividends here
What is Corteva’s EPS estimate?
Corteva’s EPS estimate is $1.81.
How many shares outstanding does Corteva have?
Corteva has 696,976,000 shares outstanding.
What happened to Corteva’s price movement after its last earnings report?
Corteva reported an EPS of $0.89 in its last earnings report, beating expectations of $0.823. Following the earnings report the stock price went up 5.695%.
Which hedge fund is a major shareholder of Corteva?
Among the largest hedge funds holding Corteva’s share is Independent Franchise Partners Llp. It holds Corteva’s shares valued at 589M.
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Corteva Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$63.87 (13.14% Upside)
$63.87 (13.14% Upside)
Blogger Sentiment
Bullish
CTVA Sentiment 100%
Sector Average 70%
Sector Average 70%
Hedge Fund Trend
Increased
By 4.6M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $4.8M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.1%
Last 30 Days ▼ 2.3%
Last 30 Days ▼ 2.3%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
2.12%
12-Months-Change
Fundamentals
Return on Equity
2.77%
Trailing 12-Months
Asset Growth
-4.12%
Trailing 12-Months
Company Description
Corteva
Corteva, Inc. is an agricultural chemical and seed company. It develops and supplies advanced germplasm and traits that helps in maximizing yield for farms. It also supplies products that enhances enhance crop health and protectagainst weeds, insects and other pests, and diseases.
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CTVA Company Deck
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CTVA Earnings Call
Q1 2024
0:00 / 0:00
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CTVA Revenue Breakdown
37.43% Corn
23.42% Herbicides
10.79% Soybean
9.28% Insecticides
19.09% Other
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CTVA Stock 12 Month Forecast
Average Price Target
$63.87
▲(13.14% Upside)
Technical Analysis
Best Analysts Covering CTVA
1 Year
1 Year Success Rate
14/18 ratings generated profit
1 Year Average Return
+16.46%
reiterated a buy rating 16 days ago
Copying Aleksey Yefremov's trades and holding each position for 1 Year would result in 77.78% of your transactions generating a profit, with an average return of +16.46% per trade.
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