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.
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You can view all of the due diligence checks on CTVA's stock page.
You can use many financial metrics, analyses, models, and charts to gauge CTVA's fair value.
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You can access more valuation research on CTVA's stock here.
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.
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.
For Q4 2022:
For FY 2022:
For FY 2023, management guided:
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.
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.
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.
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.
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