Corteva, Inc. (CTVA) – What Are Analysts Saying About This Stock?

Corteva, Inc. (NYSE:CTVA) has been given a consensus rating of “Moderate Buy” by the twenty-three research firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and sixteen have issued a buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $60.59.

Several analysts have recently issued reports on CTVA shares. Oppenheimer set a $17.00 target price on shares of Corteva in a research note on Monday, October 5th. KeyCorp raised Corteva from a “sector weight” rating to an “overweight” rating and set a $17.00 price target on the stock in a research report on Wednesday, October 7th. Zacks Research downgraded shares of Corteva from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 6th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $17.00 target price on shares of Corteva in a report on Wednesday, October 7th. Finally, Argus restated a “buy” rating and set a $91.00 price target on shares of Corteva in a research report on Friday, September 18th.

Hedge Funds Weigh In On Corteva

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of Corteva in the 2nd quarter worth $4,560,180,000. Independent Franchise Partners LLP lifted its position in shares of Corteva by 1.0% in the fourth 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 in the last quarter. Wellington Management Group LLP lifted its position in 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 buying an additional 6,881,875 shares in the last quarter. Royal Bank of Canada raised its holdings in Corteva by 202.1% during the first quarter. Royal Bank of Canada now owns 7,458,624 shares of the company’s stock worth $624,362,000 after acquiring an additional 4,989,371 shares in the last quarter. Finally, Jupiter Topco LLC acquired a new stake in shares of Corteva in the 2nd quarter valued at approximately $544,246,000. 81.54% of the stock is owned by institutional investors.

Corteva Trading Up 2.1%

CTVA opened at $12.91 on Wednesday. The company has a quick ratio of 1.10, a current ratio of 1.52 and a debt-to-equity ratio of 0.07. The company has a fifty day moving average of $62.51 and a 200-day moving average of $74.86. Corteva has a twelve month low of $11.74 and a twelve month high of $90.97. The stock has a market cap of $8.62 billion, a PE ratio of 8.55, a price-to-earnings-growth ratio of 1.77 and a beta of 0.57.

Corteva (NYSE:CTVA) last issued its earnings results on Thursday, July 30th. The company reported $2.30 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $6.60 billion. During the same period in the prior year, the firm earned $2.20 earnings per share. Corteva’s revenue was down 1.2% on a year-over-year basis. Corteva has set its FY 2026 guidance at 3.600-3.800 EPS. On average, sell-side analysts predict that Corteva will post 1.04 EPS for the current year.

Corteva Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date of this dividend was Tuesday, September 1st. Corteva’s payout ratio is 47.68%.

About Corteva

Corteva, Inc (NYSE: CTVA) is an agriculture company that develops and supplies products and services designed to help farmers improve crop productivity, protect yields and manage agricultural challenges. Its business is organized primarily around seed and crop protection products.

The company’s seed portfolio includes branded corn, soybean, cotton, sunflower, canola and other crop varieties, supported by plant genetics and biotechnology. Its crop protection business offers herbicides, insecticides, fungicides and seed-applied treatments, along with biological and digital agriculture solutions intended to support crop health and farm-management decisions.

Corteva was formed through the separation of the agriculture division of DowDuPont and became an independent public company in 2019.