Corteva (CTVA): New Buy Recommendation for This Basic Materials Giant

In a report released yesterday, Joel Jackson from BMO Capital maintained a Buy rating on Corteva (CTVAResearch Report), with a price target of $76.00. The company’s shares closed yesterday at $62.00.

According to TipRanks, Jackson is a 5-star analyst with an average return of 15.8% and a 65.96% success rate. Jackson covers the Basic Materials sector, focusing on stocks such as Albemarle, Corteva, and Compass Minerals International.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Corteva with a $73.53 average price target, implying a 18.60% upside from current levels. In a report released today, KeyBanc also maintained a Buy rating on the stock with a $70.00 price target.

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CTVA market cap is currently $46.07B and has a P/E ratio of 33.32.

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Corteva, Inc. is an agricultural chemical and seed company. It develops and supplies advanced germplasm and traits that helps in maximizing yield for farms. It also supplies products that enhances enhance crop health and protectagainst weeds, insects and other pests, and diseases.

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