Brokerages Set Corteva, Inc. (NYSE:CTVA) Price Target at $77.38

Corteva, Inc. (NYSE:CTVA - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the fifteen analysts that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $77.38.

A number of research firms recently weighed in on CTVA. Barclays boosted their target price on Corteva from $70.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Monday, July 7th. KeyCorp boosted their target price on Corteva from $72.00 to $84.00 and gave the company an "overweight" rating in a research note on Monday, July 14th. Citigroup upped their price target on Corteva from $75.00 to $78.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Royal Bank Of Canada upped their price target on Corteva from $74.00 to $85.00 and gave the company an "outperform" rating in a report on Thursday, July 10th. Finally, Morgan Stanley upped their price target on Corteva from $65.00 to $71.00 and gave the company an "overweight" rating in a report on Friday, May 9th.

Hedge Funds Weigh In On Corteva

A number of hedge funds have recently bought and sold shares of the business. Brighton Jones LLC lifted its position in shares of Corteva by 307.2% in the fourth quarter. Brighton Jones LLC now owns 15,588 shares of the company's stock valued at $888,000 after acquiring an additional 11,760 shares in the last quarter. Harbour Investments Inc. lifted its position in shares of Corteva by 14.4% in the fourth quarter. Harbour Investments Inc. now owns 1,790 shares of the company's stock valued at $102,000 after acquiring an additional 225 shares in the last quarter. Royal London Asset Management Ltd. lifted its position in shares of Corteva by 1.5% in the fourth quarter. Royal London Asset Management Ltd. now owns 296,058 shares of the company's stock valued at $16,863,000 after acquiring an additional 4,295 shares in the last quarter. Teacher Retirement System of Texas lifted its position in shares of Corteva by 774.9% in the fourth quarter. Teacher Retirement System of Texas now owns 40,832 shares of the company's stock valued at $2,326,000 after acquiring an additional 36,165 shares in the last quarter. Finally, Summit Global Investments purchased a new position in shares of Corteva in the fourth quarter valued at approximately $208,000. Hedge funds and other institutional investors own 81.54% of the company's stock.

Corteva Stock Down 0.1%

CTVA traded down $0.10 during trading on Monday, reaching $72.95. 2,655,305 shares of the stock were exchanged, compared to its average volume of 3,455,065. Corteva has a twelve month low of $50.30 and a twelve month high of $77.41. The stock has a market cap of $49.76 billion, a P/E ratio of 26.18, a price-to-earnings-growth ratio of 1.86 and a beta of 0.76. The stock's 50 day moving average price is $72.30 and its two-hundred day moving average price is $65.26. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.00 and a current ratio of 1.44.

Corteva (NYSE:CTVA - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $1.13 EPS for the quarter, topping analysts' consensus estimates of $0.88 by $0.25. The firm had revenue of $4.42 billion during the quarter, compared to analysts' expectations of $4.56 billion. Corteva had a net margin of 6.77% and a return on equity of 7.84%. The business's revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.89 earnings per share. Equities analysts expect that Corteva will post 2.96 EPS for the current year.

Corteva Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Friday, May 2nd were paid a $0.17 dividend. The ex-dividend date was Monday, June 2nd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.93%. Corteva's payout ratio is 41.46%.

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.