Corteva Inc. [CTVA] gain 23.14% so far this year. What now?

Corteva Inc. [NYSE: CTVA] plunged by -$2.11 during the normal trading session on Wednesday and reaching a high of $47.99 during the day while it closed the day at $47.68. The company report on May 5, 2021 that Corteva Inc to Host Earnings Call.

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Corteva Inc (NYSE:CTVA) will be discussing their earnings results in their 2021 First Quarter Earnings call to be held on May 5, 2021 at 9:00 AM Eastern Time.

To listen to the event live or access a replay of the call – visit https://www.investornetwork.com/event/presentation/77451.

Corteva Inc. stock has also loss -3.07% of its value over the past 7 days. However, CTVA stock has inclined by 13.90% in the 3 months of the year. Over the past six months meanwhile, it has gained 42.41% and gained 23.14% year-on date.

The market cap for CTVA stock reached $35.89 billion, with 746.30 million shares outstanding and 743.24 million shares in the current float. Compared to the average trading volume of 3.12M shares, CTVA reached a trading volume of 6787598 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 $47.95 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 2.40. 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.

Loop Capital have made an estimate for Corteva Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 19, 2021. The new note on the price target was released on February 05, 2021, representing the official price target for Corteva Inc. stock. Previously, the target price had yet another raise from $24 to $32, while Monness Crespi & Hardt kept a Sell rating on CTVA stock.

The Average True Range (ATR) for Corteva Inc. is set at 1.11, with the Price to Sales ratio for CTVA stock in the period of the last 12 months amounting to 2.52. The Price to Book ratio for the last quarter was 1.43, with the Price to Cash per share for the same quarter was set at 5.04. Price to Free Cash Flow for CTVA in the course of the last twelve months was 29.89 with Quick ratio for the last quarter at 1.20.

CTVA stock trade performance evaluation

Corteva Inc. [CTVA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.07. With this latest performance, CTVA shares dropped by -0.13% in over the last four-week period, additionally plugging by 42.41% over the last 6 months – not to mention a rise of 82.12% 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 47.99, with the RSI for the last a single of trading hit 42.42, and the three-weeks RSI is set at 51.28 for Corteva Inc. [CTVA]. The present Moving Average for the last 50 days of trading for this stock 47.08, while it was recorded at 49.10 for the last single week of trading, and 37.93 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 +6.33 and a Gross Margin at +35.77. Corteva Inc.’s Net Margin is presently recorded at +5.18.

Return on Total Capital for CTVA is now 3.47, given the latest momentum, and Return on Invested Capital for the company is 2.88. Return on Equity for this stock inclined to 3.00, with Return on Assets sitting at 1.73. When it comes to the capital structure of this company, Corteva Inc. [CTVA] has a Total Debt to Total Equity ratio set at 6.58. Additionally, CTVA Total Debt to Total Capital is recorded at 6.18, with Total Debt to Total Assets ending up at 3.83. Long-Term Debt to Equity for the company is recorded at 6.01, with the Long-Term Debt to Total Capital now at 5.64.

Reflecting on the efficiency of the workforce at the company, Corteva Inc. [CTVA] managed to generate an average of $35,048 per employee. Receivables Turnover for the company is 2.71 with a Total Asset Turnover recorded at a value of 0.33.Corteva Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 1.70.

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

With the latest financial reports released by the company, Corteva Inc. posted 1.26/share EPS, while the average EPS was predicted by analysts to be reported at 1.24/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 1.60%. 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 18.25%.

Corteva Inc. [CTVA]: Insider Ownership positions

There are presently around $29,522 million, or 81.40% of CTVA stock, in the hands of institutional investors. The top three institutional holders of CTVA stocks are: VANGUARD GROUP INC with ownership of 85,050,272, which is approximately -1.452% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 64,556,175 shares of the stock with an approximate value of $3.21 billion in CTVA stocks shares; and STATE STREET CORP, currently with $2.11 billion in CTVA stock with ownership of nearly -0.61% of the company’s market capitalization.

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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 440 institutional holders increased their position in Corteva Inc. [NYSE:CTVA] by around 29,266,049 shares. Additionally, 486 investors decreased positions by around 41,328,195 shares, while 183 investors held positions by with 522,332,266 shares. The mentioned changes placed institutional holdings at 592,926,510 shares, according to the latest SEC report filing. CTVA stock had 159 new institutional investments in for a total of 5,183,275 shares, while 66 institutional investors sold positions of 3,465,886 shares during the same period.

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