Corteva, Inc. (NYSE:CTVA – Get Free Report)’s stock price hit a new 52-week low during trading on Tuesday. The stock traded as low as $11.71 and last traded at $11.7450, with a volume of 6,838,295 shares trading hands. The stock had previously closed at $11.95.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on CTVA shares. BMO Capital Markets set a $15.00 price objective on Corteva in a report on Friday, October 2nd. Argus restated a “buy” rating and set a $91.00 price target on shares of Corteva in a research report on Friday, September 18th. Weiss Ratings lowered Corteva from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, August 3rd. KeyCorp raised Corteva from a “sector weight” rating to an “overweight” rating and set a $17.00 price objective on the stock in a research note on Wednesday, October 7th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $17.00 target price on shares of Corteva in a research note on Wednesday, October 7th. Sixteen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $60.59.
Check Out Our Latest Stock Analysis on CTVA
Corteva Stock Down 1.9%
The firm has a market capitalization of $7.82 billion, a price-to-earnings ratio of 7.77, a PEG ratio of 1.74 and a beta of 0.57. The company has a current ratio of 1.52, a quick ratio of 1.10 and a debt-to-equity ratio of 0.07. The stock has a fifty day moving average of $58.49 and a 200-day moving average of $73.97.
Corteva (NYSE:CTVA – Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The company reported $2.30 earnings per share for the quarter, topping analysts’ consensus estimates of $2.24 by $0.06. Corteva had a return on equity of 10.18% and a net margin of 5.66%. The firm had revenue of $6.38 billion for the quarter, compared to analysts’ expectations of $6.60 billion. During the same quarter last year, the business posted $2.20 EPS. 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. As a group, sell-side analysts expect that Corteva, Inc. will post 1.04 EPS for the current year.
Corteva Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st will be paid a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $0.20 dividend on an annualized basis and a yield of 1.7%. This is a negative change from Corteva’s previous quarterly dividend of $0.18. Corteva’s dividend payout ratio (DPR) is 13.25%.
Institutional Trading of Corteva
Several large investors have recently added to or reduced their stakes in the company. EFG International AG acquired a new position in shares of Corteva in the 2nd quarter valued at about $25,000. Compass Financial Management LLC acquired a new position in Corteva in the 2nd quarter valued at approximately $25,000. Elevation Wealth Partners LLC lifted its position in Corteva by 334.6% in the 2nd quarter. Elevation Wealth Partners LLC now owns 339 shares of the company’s stock worth $29,000 after buying an additional 261 shares in the last quarter. Clearstead Trust LLC purchased a new stake in Corteva in the 2nd quarter worth approximately $31,000. Finally, N.E.W. Advisory Services LLC acquired a new stake in Corteva during the second quarter valued at $33,000. 81.54% of the stock is owned by institutional investors and hedge funds.
Corteva Company Profile
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.
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