Corteva Inc. [CTVA] is 17.92% higher this YTD. Is it still time to buy?

Corteva Inc. [NYSE: CTVA] stock went on a downward path that fall over -0.67% on Wednesday, amounting to a one-week price increase of more than 2.38%. The company report on May 29, 2021 that Corteva at Bernstein Strategic Decisions Virtual Conference.

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Corteva, Inc. (NYSE: CTVA) announces that Chief Executive Officer Jim Collins will speak at the Bernstein Strategic Decisions Virtual Conference at 9:00 a.m. Eastern Time on Thursday, June 3, 2021.

Remarks will be webcast live, with a replay available following the event through June 3, 2022. Registration for the webcast and related materials can be accessed through the Corteva Investor Relations website.

Over the last 12 months, CTVA stock rose by 63.01%. The one-year Corteva Inc. stock forecast points to a potential upside of 6.82. The average equity rating for CTVA stock is currently 2.50, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $33.42 billion, with 743.40 million shares outstanding and 743.24 million shares in the current float. Compared to the average trading volume of 3.33M shares, CTVA stock reached a trading volume of 2724624 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on 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 $49.00 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.

BofA Securities have made an estimate for Corteva Inc. shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on May 10, 2021. The new note on the price target was released on April 19, 2021, representing the official price target for Corteva Inc. stock. Previously, the target price had yet another raise to $51, while JP Morgan analysts kept a Overweight rating on CTVA stock. On February 05, 2021, analysts increased their price target for CTVA shares from 24 to 32.

The Average True Range (ATR) for Corteva Inc. is set at 1.08, with the Price to Sales ratio for CTVA stock in the period of the last 12 months amounting to 2.31. The Price to Book ratio for the last quarter was 1.38, with the Price to Cash per share for the same quarter was set at 3.44. Price to Free Cash Flow for CTVA in the course of the last twelve months was 28.51 with Quick ratio for the last quarter at 1.20.

CTVA Stock Performance Analysis:

Corteva Inc. [CTVA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.38. With this latest performance, CTVA shares dropped by -8.18% in over the last four-week period, additionally plugging by 19.15% over the last 6 months – not to mention a rise of 63.01% 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 46.38, with the RSI for the last a single of trading hit 48.23, and the three-weeks RSI is set at 46.88 for Corteva Inc. [CTVA]. The present Moving Average for the last 50 days of trading for this stock 47.00, while it was recorded at 45.42 for the last single week of trading, and 39.65 for the last 200 days.

Insight into Corteva Inc. 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.

CTVA Stock EPS

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 19.55%.

Corteva Inc. [CTVA] Insider Position Details

There are presently around $26,975 million, or 81.50% of CTVA stock, in the hands of institutional investors. The top three institutional holders of CTVA stocks are: VANGUARD GROUP INC with ownership of 79,593,391, which is approximately -6.416% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 63,254,984 shares of the stock with an approximate value of $2.89 billion in CTVA stocks shares; and STATE STREET CORP, currently with $1.94 billion in CTVA stock with ownership of nearly 0.315% 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 430 institutional holders increased their position in Corteva Inc. [NYSE:CTVA] by around 37,737,089 shares. Additionally, 508 investors decreased positions by around 39,899,178 shares, while 215 investors held positions by with 513,142,182 shares. The mentioned changes placed institutional holdings at 590,778,449 shares, according to the latest SEC report filing. CTVA stock had 121 new institutional investments in for a total of 3,651,604 shares, while 78 institutional investors sold positions of 3,070,616 shares during the same period.

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