Corteva, Inc. (NYSE:CTVA) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• Analyst sentiment is moderately positive: Fourteen of 23 analysts rate Corteva a buy and nine recommend holding the stock. The average 12-month price target is approximately $91.90, above the reported $80.48 share price.
• Corteva reported quarterly EPS of $2.30, beating estimates of $2.24, though revenue of $6.38 billion fell short of expectations and declined 1.2% year over year. Analysts expect full-year EPS of about $3.72.
• The company paid a quarterly dividend of $0.18 per share, equal to an annualized $0.72 and a 0.9% yield. Institutional investors own 81.54% of Corteva’s outstanding shares.

Corteva, Inc. (NYSE:CTVA - Get Free Report) has received an average recommendation of "Moderate Buy" from the twenty-three ratings firms that are covering the company, Marketbeat.com reports. Nine analysts have rated the stock with a hold recommendation and fourteen have issued a buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $91.9048.

Several equities analysts have commented on CTVA shares. Morgan Stanley raised their price target on shares of Corteva from $84.00 to $95.00 and gave the company an "overweight" rating in a research report on Thursday, May 28th. Citigroup upped their price objective on Corteva from $86.00 to $91.00 and gave the stock a "neutral" rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $101.00 price objective on shares of Corteva in a research note on Monday, August 3rd. KeyCorp began coverage on Corteva in a report on Thursday. They issued a "sector weight" rating for the company. Finally, Barclays boosted their target price on Corteva from $84.00 to $91.00 and gave the stock an "overweight" rating in a research note on Thursday, June 11th.

Corteva Stock Down 1.3%

Shares of NYSE:CTVA opened at $80.48 on Friday. The firm has a market capitalization of $53.69 billion, a PE ratio of 53.30, a price-to-earnings-growth ratio of 2.50 and a beta of 0.57. Corteva has a 1 year low of $60.53 and a 1 year high of $90.97. 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's 50-day moving average is $83.12 and its two-hundred day moving average is $81.46.

Corteva (NYSE:CTVA - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported $2.30 EPS for the quarter, beating the consensus estimate of $2.24 by $0.06. Corteva had a net margin of 5.66% and a return on equity of 10.18%. The business had revenue of $6.38 billion during the quarter, compared to analyst estimates of $6.60 billion. During the same quarter last year, the firm posted $2.20 earnings per share. The business's revenue for the quarter was down 1.2% compared to the same quarter last year. Corteva has set its FY 2026 guidance at 3.600-3.800 EPS. Analysts predict that Corteva will post 3.72 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 0.9%. Corteva's payout ratio is currently 47.68%.

Institutional Trading of Corteva

Large investors have recently made changes to their positions in the company. BlackRock Inc. acquired a new position in Corteva during the 2nd quarter worth approximately $4,560,180,000. Franklin Resources Inc. raised its holdings in shares of Corteva by 4.3% in the 4th quarter. Franklin Resources Inc. now owns 19,537,500 shares of the company's stock valued at $1,309,599,000 after purchasing an additional 805,873 shares in the last quarter. Independent Franchise Partners LLP lifted its position in shares of Corteva by 1.0% during the 4th quarter. Independent Franchise Partners LLP now owns 10,495,388 shares of the company's stock worth $703,506,000 after purchasing an additional 107,434 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Corteva by 941.7% during the 2nd 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 last quarter. Finally, Norges Bank acquired a new position in shares of Corteva during the fourth quarter worth $504,001,000. 81.54% of the stock is currently owned by hedge funds and other institutional investors.

Corteva Company Profile

Corteva, Inc is a global agricultural science company that develops and supplies seed, crop protection and digital agriculture solutions. Its products are designed to help farmers improve crop productivity, manage pests and weeds, and address changing environmental and agricultural conditions.

The company's seed portfolio includes corn, soybean, wheat, sunflower, canola, cotton and other crop varieties marketed under brands such as Pioneer and Brevant. Corteva also provides herbicides, insecticides, fungicides and biological products, including solutions associated with its Enlist weed-control system and other crop protection technologies.

Corteva serves farmers, agricultural retailers and other customers across North America, Latin America, Europe, Asia and other international markets.

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