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Corteva (CTVA)
NYSE:CTVA
Corteva (CTVA) Stock Price & Analysis
1,463 Followers
CTVA Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$42.94 - $60.32
Previous Close$54.13
Volume3.16M
Average Volume (3M)3.37M
Market Cap
$38.38B
Enterprise Value$41.04B
Total Cash (Recent Filing)$2.62B
Total Debt (Recent Filing)$5.58B
Price to Earnings (P/E)52.4
Beta0.73
Next Earnings
May 01, 2024EPS Estimate
$0.82Next Dividend Ex-Date
Jun 04, 2024Dividend Yield1.14%
Share Statistics
EPS (TTM)1.02
Shares Outstanding701,783,000
10 Day Avg. Volume2,319,669
30 Day Avg. Volume3,369,652
Standard Deviation0.08
R-Squared0.30
Alpha0.00724
Financial Highlights & Ratios
Price to Book (P/B)7.05
Price to Sales (P/S)7.78
Price to Cash Flow (P/CF)N/A
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.34
Enterprise Value/Gross Profit19.42
Enterprise Value/Ebitda32.75
Forecast
1Y Price Target
$62.57Price Target Upside16.06% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering14
Corteva News
PremiumPress Releases
Corteva Declares Quarterly Dividend
Bulls Say, Bears Say
Bulls Say
Financial StrategyCorteva's commitment to repurchasing $1B of shares demonstrates a strong financial strategy and confidence in future growth.
Product PortfolioWith around 300 new seed hybrids and variants expected to be launched in 2024, Corteva is set to outpace revenue and expand margins.
Regulatory DevelopmentsEU's ag policy pivot in favor of gene editing could significantly benefit Corteva's advanced breeding techniques.
Bears Say
Financial GuidanceCorteva's earnings guidance for 2024 is ambitious, with the company needing to achieve a significant EBITDA in the second quarter which it has never done before.
Market ChallengesUncertainty over domestic corn planting levels adds to the challenges in meeting Corteva's earnings targets.
Stock ValuationCorteva's share price is already close to the targeted price, leaving limited upside potential based on current EBITDA expectations.
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Ownership Overview
0.30% Insiders
31.91% Mutual Funds
26.55% Other Institutional Investors
41.25% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Legal & RegulatoryLitigation, compliance, new legislation, and taxation risks
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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CTVA FAQ
What was Corteva’s price range in the past 12 months?
Corteva lowest stock price was $42.94 and its highest was $60.32 in the past 12 months.
What is Corteva’s market cap?
Currently, no data Available
When is Corteva’s upcoming earnings report date?
Corteva’s upcoming earnings report date is May 01, 2024 which is yesterday.
How were Corteva’s earnings last quarter?
Corteva released its earnings results on Jan 31, 2024. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.059 by $0.091.
Is Corteva overvalued?
According to Wall Street analysts Corteva’s price is currently Undervalued.
Does Corteva pay dividends?
Corteva pays a Quarterly dividend of $0.16 which represents an annual dividend yield of 1.14%. See more information on Corteva dividends here
What is Corteva’s EPS estimate?
Corteva’s EPS estimate is $0.82.
How many shares outstanding does Corteva have?
Corteva has 698,880,430 shares outstanding.
What happened to Corteva’s price movement after its last earnings report?
Corteva reported an EPS of $0.15 in its last earnings report, beating expectations of $0.059. Following the earnings report the stock price went up 18.853%.
Which hedge fund is a major shareholder of Corteva?
Among the largest hedge funds holding Corteva’s share is Independent Franchise Partners Llp. It holds Corteva’s shares valued at 589M.
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Corteva Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$62.57 (16.06% Upside)
$62.57 (16.06% Upside)
Blogger Sentiment
Bullish
CTVA Sentiment 100%
Sector Average 72%
Sector Average 72%
Hedge Fund Trend
Increased
By 4.6M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.3%
Last 30 Days ▼ 2.1%
Last 30 Days ▼ 2.1%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-10.33%
12-Months-Change
Fundamentals
Return on Equity
3.69%
Trailing 12-Months
Asset Growth
0.89%
Trailing 12-Months
Company Description
Corteva
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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CTVA Company Deck
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CTVA Earnings Call
Q4 2024
0:00 / 0:00
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CTVA Revenue Breakdown
37.43% Corn
23.42% Herbicides
10.79% Soybean
9.28% Insecticides
19.09% Other
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CTVA Stock 12 Months Forecast
Average Price Target
$62.57
▲(16.06% Upside)
Technical Analysis
Best Analysts Covering CTVA
1 Year
1 Year Success Rate
14/17 ratings generated profit
1 Year Average Return
+16.95%
reiterated a buy rating 23 days ago
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