Corteva (NYSE:CTVA) Given New $65.00 Price Target at Deutsche Bank Aktiengesellschaft

Corteva (NYSE:CTVA) had its price target boosted by Deutsche Bank Aktiengesellschaft from $62.00 to $65.00 in a report issued on Monday, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock.

CTVA has been the topic of several other research reports. UBS Group dropped their price objective on Corteva from $65.00 to $64.00 and set a buy rating on the stock in a research note on Thursday, January 11th. Loop Capital raised shares of Corteva from a hold rating to a buy rating and upped their price target for the stock from $57.00 to $65.00 in a research report on Monday, February 12th. Oppenheimer lifted their price objective on shares of Corteva from $67.00 to $69.00 and gave the company an outperform rating in a report on Friday. Wells Fargo & Company increased their target price on Corteva from $66.00 to $67.00 and gave the company an overweight rating in a research report on Friday. Finally, TheStreet raised Corteva from a c+ rating to a b- rating in a research report on Tuesday, February 27th. Six equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, Corteva presently has an average rating of Moderate Buy and an average price target of $63.24.

Corteva Stock Performance

NYSE CTVA opened at $56.36 on Monday. The business’s 50 day moving average price is $55.40 and its 200-day moving average price is $50.69. Corteva has a fifty-two week low of $43.22 and a fifty-two week high of $59.04. The company has a market cap of $39.28 billion, a P/E ratio of 71.34, a P/E/G ratio of 1.50 and a beta of 0.78. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.97 and a current ratio of 1.51.

Corteva (NYSE:CTVA) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.10. Corteva had a return on equity of 6.68% and a net margin of 3.32%. The firm had revenue of $4.49 billion during the quarter, compared to analyst estimates of $4.65 billion. During the same period last year, the company earned $1.16 EPS. Corteva’s quarterly revenue was down 8.0% compared to the same quarter last year. Sell-side analysts predict that Corteva will post 2.83 earnings per share for the current year.

Corteva Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date is Tuesday, June 4th. Corteva’s dividend payout ratio (DPR) is 81.01%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CTVA. Redmont Wealth Advisors LLC purchased a new stake in shares of Corteva during the first quarter worth $25,000. Rise Advisors LLC lifted its holdings in Corteva by 2,522.2% during the 1st quarter. Rise Advisors LLC now owns 472 shares of the company’s stock worth $27,000 after buying an additional 454 shares during the last quarter. Albion Financial Group UT boosted its position in shares of Corteva by 77.2% during the 1st quarter. Albion Financial Group UT now owns 505 shares of the company’s stock worth $29,000 after acquiring an additional 220 shares in the last quarter. CVA Family Office LLC acquired a new stake in shares of Corteva during the 4th quarter worth about $25,000. Finally, Ironwood Wealth Management Inc. raised its holdings in Corteva by 106.1% during the first quarter. Ironwood Wealth Management Inc. now owns 544 shares of the company’s stock worth $31,000 after purchasing an additional 280 shares in the last quarter. Institutional investors and hedge funds own 81.54% of the company’s stock.

Corteva Company Profile

Corteva, Inc operates in the agriculture business. It operates through two segments, Seed and Crop Protection. The Seed segment develops and supplies advanced germplasm and traits that produce optimum yield for farms. It offers trait technologies that enhance resistance to weather, disease, insects, and herbicides used to control weeds, as well as food and nutritional characteristics.