How to Buy Corteva Stock
Corteva Inc
Corteva, Inc. operates in the agriculture business. It operates through two segments, Seed and Crop Protection.
Corteva stock last closed at $57.70, up 1.51% from the previous day, and has decreased 2.25% in one year. It has overperformed other stocks in the Agricultural Inputs industry by 0.36 percentage points. Corteva stock is currently +15.33% from its 52-week low of $50.03, and -15.68% from its 52-week high of $68.43.
At the moment, there are 712.82M shares of CTVA outstanding. The market cap of CTVA is $41.13B. In the past 24 hours, 3.56M CTVA shares were traded.
How to Buy Corteva Stock
Not sure how to invest in Corteva stock? Here's how.
- Choose where to buy Corteva stock: You need to decide on an online brokerage, but don't worry - we've tested dozens of online stock brokerages and apps to help you determine where to buy Corteva stock.
- Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Deposit funds into your investment account: Select your method of payment and add your information.
- Analyze Corteva stock: The Corteva ticker symbol is CTVA. Is Corteva stock a good investment? Should you buy shares of CTVA? How do CTVA's underlying business fundamentals look? Do top analysts think Corteva is a good buy? Why has CTVA's stock price moved recently? (Hint: Our stock research website can help you decide if CTVA is a good stock to buy).
- Make your CTVA buy order: Decide if you will purchase CTVA shares at the current market price or use a limit order to buy CTVA stock at a particular price.
- Get updates on your CTVA position: Create a watchlist to keep track of your investment in Corteva shares.
Step 1: Choose where to buy Corteva stock
You need an online brokerage account to access the NYSE market and buy CTVA shares.
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Get $10 towards your purchase of shares by creating an account with eToro now.
Open eToro AccountStep 2: Open a brokerage account
Now that you've chosen the right brokerage, you'll need to fill out some personal info so you are able to invest in CTVA stock today.
How to Create a New Account on eToro
- Click here to get started.
- Provide your personal data to create your new trading account.
- Submit your information by pressing the "Create Account" button.
Step 3: Deposit funds into your investment account
Now that you have opened your account on the best stock app, you can securely and quickly fund your account:
Check out the tutorial below if you need help transferring funds into your new investment account.
Step 4: Analyze Corteva stock
After you have selected the best place to buy Corteva stock, it's critical to analyze their stock before you invest, so you can wrap your head around the risk and opportunity.
Corteva Numbers
CTVA Fundamentals
WallStreetZen was built to help everyday investors do more accurate fundamental analysis.
You can view all of the due diligence checks on CTVA's stock page.
How is CTVA stock valued?
You can use many financial metrics, analyses, models, and charts to gauge CTVA's fair value.
Using relative valuations measures:
- CTVA could be overvalued based on its P/E ratio of 36.29x, relative to Agricultural Inputs industry P/E ratio of 15.43x
- CTVA may be undervalued based on its P/B ratio of 1.63x, relative to Agricultural Inputs industry P/B ratio of 1.73x
- CTVA may be overvalued based on its PEG ratio of 1.55x
You can access more valuation research on CTVA's stock here.
How do CTVA Financials look?
Positive Health Checks:
- CTVA earnings of $1.44B is not sufficient to cover its interest payments.
- CTVA's operating cash flow of $872.00M allows it to safely service it's debt of $1.31B.
- There are more short-term assets than long-term liabilities on the CTVA balance sheet.
- There are more short-term assets than short-term liabilities on the CTVA balance sheet.
Negative Health Checks:
- CTVA profit margin has gone down from 11.2% to 6.6% in the past year.
- CTVA has a relatively high debt to equity ratio of 0.68.
Is CTVA stock a Buy, Hold, or Sell, according to analysts?
Out of 12 Wall Street analysts who research CTVA, the consensus analyst rating on Corteva is a Strong Buy
It's important to keep in mind that analyst ratings are not stock recommendations, nor are they investment advice.
Most Recent CTVA Analyst Recommendations
Richard Garchitorena, a bottom 32% analyst from Wells Fargo maintains CTVA with a strong buy rating and lowers their CTVA price target from $78.00 to $77.00, on Feb 3, 2023.
PJ Juvekar, a top 9% analyst from Citigroup maintains CTVA with a strong buy rating and raises their CTVA price target from $72.00 to $74.00, on Feb 3, 2023.
Juvekar bumped his price target on Corteva, Inc. down by 2.8% following the release of the company's Q4 and FY 2022 earnings report on 2023/02/01.
Although he is not calling for "peak Ag" because farmers "remain in robust shape," the analyst cautioned that "he does think the risk/reward in general for the Ag group in his Chems/Agri/Hydrogen/Li-Batteries portfolio is less attractive today compared to a year ago."
In North America Fertilizers and Agri Chemicals, he "prefers seed and ag chemical companies over fertilizer names," Juvekar added.
Corteva shares have gained 9.7% YTD against the S&P 500's 6.2% gain.
Corteva reported:
For Q4 2022:
- EPS of $0.16, which beat the Zacks Consensus Estimate of $0.06 and, by 100%, Q4 2021's $0.08.
- Revenue of $3.83B, which beat the Zacks Consensus Estimate by 0.13% and Q4 2021's $3.48B by 10%.
- Operating EBITDA of $370M, up 41% from Q4 2021's $262M.
For FY 2022:
- EPS of $2.67, up 24.2% from FY 2021's $2.15.
- Revenue of $17.94B, up 15% Y/Y.
- Operating EBITDA of $3.224B, up 25.2% from FY 2021's $2.576B.
For FY 2023, management guided:
- Revenue of $18.1B to $18.4B, representing growth of 5% at the mid-point.
- Operating EBITDA of $3.4B to $3.6B, representing growth of 9% at the mid-point.
- Operating EPS of $2.70 to $2.90, representing growth of 5% at the mid-point and reflecting higher earnings and lower average share count, partially offset by a forecasted higher effective tax rate and interest expense.
CEO Chuck Magro commented: "The outlook for ag fundamentals remains robust as we begin 2023.
"Farm income levels remain strong as tight supply keeps crop prices over historical averages, leading farmers to continue to invest in technologies that increase productivity and yield.
"We remain committed to driving sustainable growth through advancing and investing in our robust pipeline as part of our aspiration to become the leading global integrated Agriculture technology solutions company.”
Aleksey Yefremov, a top 8% analyst from KeyBanc maintains CTVA with a strong buy rating and lowers their CTVA price target from $72.00 to $70.00, on Feb 3, 2023.
Chris Parkinson, a top 7% analyst from Mizuho maintains CTVA with a strong buy rating and raises their CTVA price target from $76.00 to $78.00, on Jan 12, 2023.
Vincent Andrews, a top 8% analyst from Morgan Stanley maintains CTVA with a strong buy rating and raises their CTVA price target from $70.00 to $80.00, on Jan 11, 2023.
You can dig deeper into what analysts are projecting on the Corteva stock forecast page.
CTVA Momentum
How are CTVA Revenues/Earnings doing?
Last year, CTVA earnings were $1.15B. In the last two year, CTVA's earnings have gone up by 32.18% per year. This was slower than the Agricultural Inputs industry average of 57.24%.
Last year, CTVA revenue was $17.46B. Over the past four year, CTVA's revenue has grown by 5.13% per year. This was slower than the Agricultural Inputs industry average of 23.64%.
Dig into CTVA's earnings and revenue performance here.
What are CTVA executives and large shareholders up to?
In the last year, insiders at CTVA have sold more shares than they have bought.
Audrey Grimm, SVP Chief Human Resources and Diversity Officer of CTVA, was the latest CTVA insider to sell. They sold $7,520.84 worth of CTVA stock on Feb 26, 2023.
Learn more about who owns CTVA shares here.
Does CTVA provide a stable income stream?
Corteva pays a dividend of 1.28%, compared to the Agricultural Inputs industry's average dividend yield of 6.45%. If you owned $1,000 of CTVA stock, you would have been paid $12.82 in the past year.
Find more analysis about Corteva dividend yield and history here.
What others are saying about CTVA
One of the biggest reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other community members have to say.
Step 5: Make your CTVA buy order
There are two primary types of orders:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are generally fine. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a particular dollar amount limit, use a limit order.
Click the Open button and your broker will execute your order.
If you need additional help investing in stocks on eToro, watch the helpful video below:
Step 6: Get updates on your CTVA position
Now that you own some CTVA shares, you'll want to keep up with your new company.
Add CTVA to a watchlist to see the latest developments about your CTVA stock.
CTVA Feed
How to Buy Stock in Corteva
To summarize, here are the 6 steps for buying Corteva stock:
- Choose where to buy Corteva stock
- Open a brokerage account
- Deposit funds into your investment account
- Analyze Corteva stock
- Make your CTVA buy order
- Get updates on your CTVA position
If you are looking for a brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you want to get notifications regarding your new investment in Corteva, get started below.
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