Corteva (NYSE:CTVA) CFO Gregory R. Friedman acquired 3,825 shares of the stock in a transaction dated Monday, November 4th. The shares were bought at an average cost of $26.13 per share, with a total value of $99,947.25.
Corteva stock opened at $26.20 on Friday. Corteva has a 1-year low of $24.35 and a 1-year high of $32.78. The company has a fifty day simple moving average of $26.80.
Corteva (NYSE:CTVA) last released its earnings results on Thursday, October 31st. The company reported ($0.39) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.46) by $0.07. The business had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.97 billion. The firm’s quarterly revenue was down 1.8% compared to the same quarter last year. On average, equities analysts forecast that Corteva will post 1.24 EPS for the current year.
Several equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Corteva from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Deutsche Bank increased their price objective on shares of Corteva from $32.00 to $35.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Barclays set a $32.00 price objective on shares of Corteva and gave the stock a “hold” rating in a research report on Friday, November 1st. Citigroup lowered their price objective on shares of Corteva from $34.50 to $31.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Finally, Monness Crespi & Hardt assumed coverage on shares of Corteva in a research report on Wednesday, July 17th. They set a “sell” rating and a $24.00 price objective for the company. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $31.50.
Institutional investors have recently added to or reduced their stakes in the stock. Litman Gregory Asset Management LLC acquired a new stake in Corteva in the second quarter valued at $26,000. Catalyst Capital Advisors LLC lifted its stake in Corteva by 261.2% in the third quarter. Catalyst Capital Advisors LLC now owns 939 shares of the company’s stock valued at $26,000 after acquiring an additional 679 shares during the last quarter. Executive Wealth Management LLC acquired a new stake in Corteva in the second quarter valued at $27,000. Acima Private Wealth LLC acquired a new stake in Corteva in the third quarter valued at $27,000. Finally, Roble Belko & Company Inc acquired a new stake in Corteva in the second quarter valued at $29,000. 72.44% of the stock is owned by institutional investors and hedge funds.
Corteva, Inc provides agriculture products worldwide. The company develops and supplies germplasm and traits in corn, soybean, and sunflower seed markets. It also supplies products to the agricultural input industry that protect against weeds, insects and other pests, and diseases, as well as to enhance crop health.
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