Corteva Inc. [NYSE: CTVA] loss -2.80% on the last trading session, reaching $26.77 price per share at the time. Corteva Inc. represents 749.90 million in outstanding shares, while the company has a total market value of $19.71 billion with the latest information. CTVA stock price has been found in the range of $26.52 to $27.11.
If compared to the average trading volume of 4.93M shares, CTVA reached a trading volume of 5108724 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying about Corteva Inc. [CTVA]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CTVA shares is $30.75 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CTVA stock is a recommendation set at 2.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Monness Crespi & Hardt have made an estimate for Corteva Inc. shares, keeping their opinion on the stock as Sell, with their previous recommendation back on June 08, 2020. The new note on the price target was released on May 11, 2020, representing the official price target for Corteva Inc. stock. Previously, the target price had yet another raise to $28, while Loop Capital analysts kept a Hold rating on CTVA stock.
The Average True Range (ATR) for Corteva Inc. is set at 1.27, with the Price to Sales ratio for CTVA stock in the period of the last 12 months amounting to 1.37. The Price to Book ratio for the last quarter was 0.84, with the Price to Cash per share for the same quarter was set at 2.68.
Trading performance analysis for CTVA stock
Corteva Inc. [CTVA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -10.80. With this latest performance, CTVA shares gained by 14.79% in over the last four-week period, additionally sinking by -0.78% over the last 6 months – not to mention a rise of 6.27% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CTVA stock in for the last two-week period is set at 48.90, with the RSI for the last a single of trading hit 43.71, and the three-weeks RSI is set at 50.45 for Corteva Inc. [CTVA]. The present Moving Average for the last 50 days of trading for this stock 25.98, while it was recorded at 28.03 for the last single week of trading, and 26.88 for the last 200 days.
Corteva Inc. [CTVA]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Corteva Inc. [CTVA] shares currently have an operating margin of +4.25 and a Gross Margin at +34.67. Corteva Inc.’s Net Margin is presently recorded at -2.08.
Return on Total Capital for CTVA is now 1.14, given the latest momentum, and Return on Invested Capital for the company is -0.57. Return on Equity for this stock declined to -0.61, with Return on Assets sitting at -0.40. When it comes to the capital structure of this company, Corteva Inc. [CTVA] has a Total Debt to Total Equity ratio set at 2.83. Additionally, CTVA Total Debt to Total Capital is recorded at 2.75, with Total Debt to Total Assets ending up at 1.62. Long-Term Debt to Equity for the company is recorded at 2.23, with the Long-Term Debt to Total Capital now at 2.16.
Receivables Turnover for the company is 2.49 with a Total Asset Turnover recorded at a value of 0.19.Corteva Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.60.
Corteva Inc. [CTVA]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Corteva Inc. posted 1.42/share EPS, while the average EPS was predicted by analysts to be reported at 0.99/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 43.40%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CTVA. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Corteva Inc. go to 9.81%.
An analysis of insider ownership at Corteva Inc. [CTVA]
There are presently around $16,283 million, or 80.60% of CTVA stock, in the hands of institutional investors. The top three institutional holders of CTVA stocks are: VANGUARD GROUP INC with ownership of 76,218,588, which is approximately 2.566% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 65,800,892 shares of the stock with an approximate value of $1.81 billion in CTVA stocks shares; and STATE STREET CORP, currently with $1.17 billion in CTVA stock with ownership of nearly -3.556% of the company’s market capitalization.
Positions in Corteva Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 355 institutional holders increased their position in Corteva Inc. [NYSE:CTVA] by around 46,280,039 shares. Additionally, 608 investors decreased positions by around 63,386,218 shares, while 133 investors held positions by with 481,570,501 shares. The mentioned changes placed institutional holdings at 591,236,758 shares, according to the latest SEC report filing. CTVA stock had 85 new institutional investments in for a total of 8,167,878 shares, while 180 institutional investors sold positions of 12,970,133 shares during the same period.