Corteva (NYSE:CTVA) Stock Rating Upgraded by Loop Capital

Corteva (NYSE:CTVAGet Free Report) was upgraded by stock analysts at Loop Capital from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday, Marketbeat reports. The firm presently has a $65.00 price objective on the stock, up from their prior price objective of $57.00. Loop Capital’s price target points to a potential upside of 21.27% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the stock. Morgan Stanley dropped their target price on shares of Corteva from $80.00 to $60.00 and set an “overweight” rating for the company in a research report on Friday, November 10th. The Goldman Sachs Group cut their target price on shares of Corteva from $65.00 to $56.00 and set a “neutral” rating for the company in a research note on Tuesday, October 24th. Barclays increased their price target on Corteva from $50.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Friday, February 2nd. UBS Group lowered their target price on Corteva from $65.00 to $64.00 and set a “buy” rating for the company in a research note on Thursday, January 11th. Finally, TheStreet downgraded shares of Corteva from a “b-” rating to a “c” rating in a research report on Wednesday, November 8th. Five analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, Corteva currently has a consensus rating of “Moderate Buy” and an average target price of $62.95.

Read Our Latest Stock Report on CTVA

Corteva Stock Up 0.7 %

NYSE CTVA opened at $53.60 on Monday. Corteva has a twelve month low of $43.22 and a twelve month high of $64.98. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.90 and a current ratio of 1.56. The stock has a market cap of $37.62 billion, a PE ratio of 52.55, a PEG ratio of 1.37 and a beta of 0.73. The firm has a 50-day simple moving average of $47.23 and a 200 day simple moving average of $49.10.

Corteva (NYSE:CTVAGet Free Report) last issued its earnings results on Thursday, February 1st. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.06 by $0.09. The firm had revenue of $3.71 billion during the quarter, compared to analysts’ expectations of $3.54 billion. Corteva had a return on equity of 7.43% and a net margin of 4.27%. During the same period last year, the business earned $0.16 earnings per share. On average, research analysts forecast that Corteva will post 2.87 EPS for the current year.

Insider Buying and Selling at Corteva

In other Corteva news, insider Samuel R. Eathington purchased 1,094 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The shares were acquired at an average price of $46.07 per share, for a total transaction of $50,400.58. Following the purchase, the insider now owns 41,066 shares in the company, valued at $1,891,910.62. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Samuel R. Eathington acquired 1,094 shares of the stock in a transaction on Tuesday, November 28th. The shares were purchased at an average price of $46.07 per share, for a total transaction of $50,400.58. Following the transaction, the insider now directly owns 41,066 shares of the company’s stock, valued at $1,891,910.62. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Robert D. King bought 640 shares of the company’s stock in a transaction dated Tuesday, November 14th. The shares were purchased at an average cost of $46.77 per share, with a total value of $29,932.80. Following the acquisition, the executive vice president now directly owns 59,701 shares of the company’s stock, valued at approximately $2,792,215.77. The disclosure for this purchase can be found here. Corporate insiders own 0.14% of the company’s stock.

Institutional Investors Weigh In On Corteva

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cornerstone Planning Group LLC bought a new position in shares of Corteva during the second quarter valued at about $28,000. CVA Family Office LLC bought a new stake in Corteva during the fourth quarter worth $25,000. Blume Capital Management Inc. grew its stake in Corteva by 103.8% in the 2nd quarter. Blume Capital Management Inc. now owns 542 shares of the company’s stock valued at $31,000 after purchasing an additional 276 shares during the period. PCA Investment Advisory Services Inc. purchased a new stake in shares of Corteva during the 2nd quarter valued at $31,000. Finally, NewSquare Capital LLC raised its stake in shares of Corteva by 70.6% during the 3rd quarter. NewSquare Capital LLC now owns 546 shares of the company’s stock worth $28,000 after purchasing an additional 226 shares during the period. 80.56% of the stock is currently owned by institutional investors.

About Corteva

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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.

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