Corteva (NYSE:CTVA) Sets New 12-Month High – Here’s Why

Corteva, Inc. (NYSE:CTVA)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $83.44 and last traded at $83.1210, with a volume of 304889 shares changing hands. The stock had previously closed at $81.99.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CTVA. Argus raised Corteva to a “strong-buy” rating in a research report on Friday, January 16th. Zacks Research downgraded Corteva from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. Mizuho lifted their price target on Corteva from $80.00 to $82.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 17th. Citigroup raised their price target on shares of Corteva from $74.00 to $80.00 and gave the stock a “neutral” rating in a research report on Thursday, February 5th. Finally, Bank of America boosted their price target on shares of Corteva from $80.00 to $82.00 and gave the company a “buy” rating in a report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $82.90.

Corteva Stock Up 1.7%

The firm has a market cap of $56.00 billion, a price-to-earnings ratio of 52.66, a price-to-earnings-growth ratio of 2.80 and a beta of 0.72. The stock’s 50 day moving average is $76.25 and its 200 day moving average is $69.65. The company has a quick ratio of 0.96, a current ratio of 1.43 and a debt-to-equity ratio of 0.07.

Corteva (NYSE:CTVA) last issued its quarterly earnings results on Tuesday, February 3rd. The company reported $0.22 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.22. Corteva had a return on equity of 9.06% and a net margin of 6.29%.The firm had revenue of $3.91 billion during the quarter, compared to analyst estimates of $4.23 billion. During the same period last year, the company posted $0.32 EPS. The firm’s quarterly revenue was down 1.7% on a year-over-year basis. Corteva has set its FY 2026 guidance at 3.450-3.700 EPS. Analysts forecast that Corteva, Inc. will post 2.96 EPS for the current year.

Corteva Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 2nd were given a $0.18 dividend. The ex-dividend date was Monday, March 2nd. This represents a $0.72 annualized dividend and a yield of 0.9%. Corteva’s payout ratio is 45.57%.

Insider Buying and Selling at Corteva

In other news, insider Brian Titus sold 8,311 shares of the firm’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $76.55, for a total transaction of $636,207.05. Following the completion of the transaction, the insider owned 8,090 shares in the company, valued at approximately $619,289.50. This trade represents a 50.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.14% of the company’s stock.

Hedge Funds Weigh In On Corteva

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Annis Gardner Whiting Capital Advisors LLC grew its holdings in shares of Corteva by 9.1% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,674 shares of the company’s stock valued at $112,000 after acquiring an additional 140 shares in the last quarter. Drive Wealth Management LLC grew its stake in Corteva by 3.8% in the fourth quarter. Drive Wealth Management LLC now owns 4,259 shares of the company’s stock valued at $285,000 after purchasing an additional 156 shares in the last quarter. Reynders McVeigh Capital Management LLC increased its position in Corteva by 2.9% in the 4th quarter. Reynders McVeigh Capital Management LLC now owns 5,686 shares of the company’s stock worth $381,000 after purchasing an additional 160 shares during the last quarter. Chesapeake Capital Corp IL raised its stake in shares of Corteva by 0.9% during the 4th quarter. Chesapeake Capital Corp IL now owns 18,035 shares of the company’s stock worth $1,209,000 after purchasing an additional 161 shares in the last quarter. Finally, Fox Run Management L.L.C. grew its stake in shares of Corteva by 5.1% in the 3rd quarter. Fox Run Management L.L.C. now owns 3,361 shares of the company’s stock valued at $227,000 after buying an additional 164 shares in the last quarter. 81.54% of the stock is currently owned by hedge funds and other institutional investors.

Corteva Company Profile

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.