Corteva (CTVA) – Investment Analysts’ Recent Ratings Changes

Corteva (NYSE: CTVA) has recently received a number of price target changes and ratings updates:

• 11/21/2024 – Corteva had its price target raised by analysts at KeyCorp from $66.00 to $69.00. They now have an “overweight” rating on the stock.
• 11/20/2024 – Corteva had its price target raised by analysts at Wells Fargo & Company from $65.00 to $67.00. They now have an “overweight” rating on the stock.
• 11/20/2024 – Corteva had its price target raised by analysts at Bank of America Co. from $67.00 to $69.00. They now have a “buy” rating on the stock.
• 11/11/2024 – Corteva had its price target lowered by analysts at Royal Bank of Canada from $69.00 to $68.00. They now have an “outperform” rating on the stock.
• 11/8/2024 – Corteva had its “outperform” rating reaffirmed by analysts at Oppenheimer Holdings Inc.. They now have a $70.00 price target on the stock, up previously from $69.00.
• 11/8/2024 – Corteva had its price target raised by analysts at Barclays PLC from $58.00 to $62.00. They now have an “equal weight” rating on the stock.
• 11/7/2024 – Corteva had its price target raised by analysts at UBS Group AG from $67.00 to $71.00. They now have a “buy” rating on the stock.
• 10/23/2024 – Corteva is now covered by analysts at Citigroup Inc.. They set a “buy” rating and a $68.00 price target on the stock.
• 10/16/2024 – Corteva was upgraded by analysts at Bank of America Co. from a “neutral” rating to a “buy” rating. They now have a $67.00 price target on the stock, up previously from $59.00.

Corteva Stock Down 1.2 %

Shares of Corteva stock traded down $0.75 during trading on Thursday, reaching $62.50. The company’s stock had a trading volume of 2,517,699 shares, compared to its average volume of 3,313,591. The company has a quick ratio of 0.96, a current ratio of 1.50 and a debt-to-equity ratio of 0.08. The company has a market cap of $42.96 billion, a price-to-earnings ratio of 63.13, a P/E/G ratio of 2.08 and a beta of 0.77. Corteva, Inc. has a 1-year low of $43.89 and a 1-year high of $64.20. The company has a 50-day simple moving average of $59.07 and a two-hundred day simple moving average of $55.90.

Corteva Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a $0.17 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.68 dividend on an annualized basis and a yield of 1.09%. Corteva’s dividend payout ratio (DPR) is 68.69%.

Hedge Funds Weigh In On Corteva

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CTVA. Acadian Asset Management LLC purchased a new position in Corteva in the 1st quarter worth $25,000. Capital Advisors Ltd. LLC raised its stake in shares of Corteva by 44.4% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 566 shares of the company’s stock valued at $33,000 after buying an additional 174 shares during the last quarter. Cultivar Capital Inc. purchased a new position in shares of Corteva during the 2nd quarter valued at about $34,000. Redwood Wealth Management Group LLC purchased a new position in shares of Corteva during the 2nd quarter valued at about $43,000. Finally, Triad Wealth Partners LLC purchased a new position in shares of Corteva during the 2nd quarter valued at about $45,000. Hedge funds and other institutional investors own 81.54% of the company’s stock.

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.