Corteva, Inc. (NYSE:CTVA) Stock Has Consensus Price Target of $60.59 According to Analysts

Corteva, Inc. (NYSE:CTVA) has received an average recommendation of “Moderate Buy” from the twenty-three analysts that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and sixteen have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $60.59.

Several analysts recently commented on the stock. Mizuho raised their price target on shares of Corteva from $96.00 to $97.00 and gave the stock an “outperform” rating in a report on Tuesday, July 14th. Bank of America boosted their price objective on shares of Corteva from $90.00 to $96.00 and gave the company a “buy” rating in a research report on Monday, July 20th. Weiss Ratings lowered shares of Corteva from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, August 3rd. Morgan Stanley reiterated an “overweight” rating and issued a $18.00 target price on shares of Corteva in a research report on Friday, October 2nd. Finally, KeyCorp raised shares of Corteva from a “sector weight” rating to an “overweight” rating and set a $17.00 target price for the company in a research note on Wednesday, October 7th.

Institutional Trading of Corteva

A number of institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of Corteva during the 2nd quarter worth $4,560,180,000. Wellington Management Group LLP lifted its position in Corteva by 941.7% during the second quarter. Wellington Management Group LLP now owns 7,612,704 shares of the company’s stock worth $644,720,000 after purchasing an additional 6,881,875 shares during the period. Jupiter Topco LLC bought a new stake in Corteva during the second quarter worth about $544,246,000. Bank of America Corp DE bought a new stake in shares of Corteva during the 2nd quarter worth approximately $484,927,000. Finally, Legal & General Group Plc acquired a new stake in shares of Corteva during the 2nd quarter worth approximately $482,836,000. 81.54% of the stock is currently owned by institutional investors.

Corteva Price Performance

Shares of NYSE CTVA opened at $12.81 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.52 and a quick ratio of 1.10. The firm has a market capitalization of $8.55 billion, a PE ratio of 8.48, a P/E/G ratio of 1.80 and a beta of 0.57. Corteva has a 1-year low of $11.74 and a 1-year high of $90.97. The business’s fifty day moving average price is $65.05 and its two-hundred day moving average price is $75.86.

Corteva (NYSE:CTVA) last announced its quarterly earnings results on Thursday, July 30th. The company reported $2.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.24 by $0.06. The company had revenue of $6.38 billion during the quarter, compared to analyst estimates of $6.60 billion. Corteva had a return on equity of 10.18% and a net margin of 5.66%. The firm’s quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.20 EPS. Corteva has set its FY 2026 guidance at 3.600-3.800 EPS. On average, research analysts expect that Corteva will post 1.04 EPS for the current year.

Corteva Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.6%. Corteva’s dividend payout ratio is currently 47.68%.

About Corteva

Corteva, Inc (NYSE: CTVA) is an agriculture company that develops and supplies products and services designed to help farmers improve crop productivity, protect yields and manage agricultural challenges. Its business is organized primarily around seed and crop protection products.

The company’s seed portfolio includes branded corn, soybean, cotton, sunflower, canola and other crop varieties, supported by plant genetics and biotechnology. Its crop protection business offers herbicides, insecticides, fungicides and seed-applied treatments, along with biological and digital agriculture solutions intended to support crop health and farm-management decisions.

Corteva was formed through the separation of the agriculture division of DowDuPont and became an independent public company in 2019.