Corteva (NYSE:CTVA) Cut to Sell at Wall Street Zen

Corteva (NYSE:CTVA) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday, Wall Street Zen reports.

Several other research analysts also recently commented on CTVA. Bank of America lifted their target price on Corteva from $90.00 to $96.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. Zacks Research downgraded Corteva from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 6th. Oppenheimer cut shares of Corteva from an “outperform” rating to a “market perform” rating in a research report on Friday. Morgan Stanley reissued an “overweight” rating and issued a $18.00 price objective on shares of Corteva in a research report on Friday, October 2nd. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $20.00 price objective on shares of Corteva in a research report on Thursday, October 8th. Fifteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $52.60.

Corteva Trading Up 2.4%

Shares of NYSE:CTVA opened at $9.41 on Friday. Corteva has a 52-week low of $9.01 and a 52-week high of $90.97. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.10 and a current ratio of 1.56. The company has a market capitalization of $6.28 billion, a P/E ratio of 4.96, a price-to-earnings-growth ratio of 1.72 and a beta of 0.58. The company has a 50-day simple moving average of $37.22 and a 200 day simple moving average of $69.57.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Marshall Wace LLP bought a new stake in shares of Corteva in the third quarter valued at about $49,716,000. Empowered Funds LLC boosted its holdings in Corteva by 19.2% in the 3rd quarter. Empowered Funds LLC now owns 166,687 shares of the company’s stock valued at $12,943,000 after purchasing an additional 26,833 shares during the period. Steward Partners Investment Advisory LLC grew its position in shares of Corteva by 25.6% during the 3rd quarter. Steward Partners Investment Advisory LLC now owns 35,474 shares of the company’s stock worth $2,755,000 after purchasing an additional 7,229 shares in the last quarter. State Board of Administration of Florida Retirement System grew its position in shares of Corteva by 7.6% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 626,690 shares of the company’s stock worth $48,662,000 after purchasing an additional 44,445 shares in the last quarter. Finally, Mosaic Family Wealth Partners LLC acquired a new position in shares of Corteva during the 3rd quarter worth approximately $204,000. 81.54% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Corteva

Here are a few of the latest headlines about CTVA:

• Positive Sentiment: Corteva pointed to new products and cost-cutting efforts as supports for a potential recovery, though these measures have not offset near-term weakness. Corteva Q3 Earnings Call Highlights Brazil Woes and Outlook Cut
• Neutral Sentiment: Several analysts lowered price targets following the outlook reset. Citigroup and UBS kept neutral ratings, while JPMorgan maintained overweight and RBC kept outperform ratings, signaling some analysts still see potential upside from recent levels. Read More. · Read More. · Read More. · Read More.
• Negative Sentiment: Law firms announced investigations into potential securities-law violations related to company disclosures. These are allegations under investigation, not findings of wrongdoing, but may add uncertainty for investors. Law firm investigation announcement

About Corteva

Corteva, Inc. is an agricultural science company that develops and supplies products and services for farmers. Its business focuses on seeds and crop protection, including technologies intended to help improve crop performance and manage weeds, insects, and plant diseases. Its seed portfolio includes corn, soybean, and other crop varieties, sold under brands such as Pioneer and Brevant. Corteva’s crop protection offerings include herbicides, insecticides, fungicides, and biological products, alongside digital tools and services that support farm decision-making.