Corteva Inc. [CTVA] stock Upgrade by Argus analyst, price target now $42

Corteva Inc. [NYSE: CTVA] plunged by -$1.57 during the normal trading session on Thursday and reaching a high of $36.34 during the day while it closed the day at $35.06. The company report on November 9, 2020 that Corteva to Participate in Morgan Stanley Global Chemicals, Agriculture and Packaging Virtual Conference.

Corteva, Inc. (NYSE: CTVA) announces that Chief Executive Officer, James C. Collins, Jr., will speak at the Morgan Stanley Global Chemicals, Agriculture and Packaging Virtual Conference at 8:15 a.m. Eastern Time on Tuesday, November 10, 2020.

Remarks will be webcast live, with a replay available following the event through November 10, 2021. Registration for the webcast and related materials can be accessed through the Corteva Investor Relations website.

Corteva Inc. stock has also gained 3.30% of its value over the past 7 days. However, CTVA stock has inclined by 25.80% in the 3 months of the year. Over the past six months meanwhile, it has gained 53.97% and gained 18.61% year-on date.

The market cap for CTVA stock reached $26.43 billion, with 749.50 million shares outstanding and 741.14 million shares in the current float. Compared to the average trading volume of 4.37M shares, CTVA reached a trading volume of 3720060 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say 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 $33.41 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 2.50. 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.

Argus have made an estimate for Corteva Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on November 10, 2020. The new note on the price target was released on October 19, 2020, representing the official price target for Corteva Inc. stock.

The Average True Range (ATR) for Corteva Inc. is set at 1.16, with the Price to Sales ratio for CTVA stock in the period of the last 12 months amounting to 1.89. The Price to Book ratio for the last quarter was 1.09, with the Price to Cash per share for the same quarter was set at 3.87. Price to Free Cash Flow for CTVA in the course of the last twelve months was 20.35 with Quick ratio for the last quarter at 1.30.

CTVA stock trade performance evaluation

Corteva Inc. [CTVA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.30. With this latest performance, CTVA shares gained by 3.67% in over the last four-week period, additionally plugging by 53.97% over the last 6 months – not to mention a rise of 36.31% 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 61.19, with the RSI for the last a single of trading hit 60.10, and the three-weeks RSI is set at 61.91 for Corteva Inc. [CTVA]. The present Moving Average for the last 50 days of trading for this stock 31.35, while it was recorded at 35.25 for the last single week of trading, and 28.00 for the last 200 days.

Corteva Inc. [CTVA]: An insightful look at the core fundamentals

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 1.30 and a Current Ratio set at 1.80.

Earnings per share (EPS) analysis for Corteva Inc. [CTVA] stock

With the latest financial reports released by the company, Corteva Inc. posted 0.07/share EPS, while the average EPS was predicted by analysts to be reported at -0.12/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 158.30%. 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 7.55%.

Corteva Inc. [CTVA]: Insider Ownership positions

There are presently around $20,709 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 75,406,756, which is approximately -1.065% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 65,646,793 shares of the stock with an approximate value of $2.3 billion in CTVA stocks shares; and STATE STREET CORP, currently with $1.49 billion in CTVA stock with ownership of nearly -2.933% of the company’s market capitalization.

Positions in Corteva Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 348 institutional holders increased their position in Corteva Inc. [NYSE:CTVA] by around 36,262,823 shares. Additionally, 486 investors decreased positions by around 35,158,576 shares, while 155 investors held positions by with 519,243,493 shares. The mentioned changes placed institutional holdings at 590,664,892 shares, according to the latest SEC report filing. CTVA stock had 77 new institutional investments in for a total of 5,116,801 shares, while 75 institutional investors sold positions of 2,724,094 shares during the same period.

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