Corteva Inc. [CTVA] gain 21.11% so far this year. What now?


Corteva Inc. [NYSE: CTVA] closed the trading session at $57.26 on 05/03/22. The day’s price range saw the stock hit a low of $56.50, while the highest price level was $57.58. The company report on April 29, 2022 that Corteva Declares Quarterly Dividend.

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Corteva, Inc. (NYSE: CTVA) today announced its Board of Directors has authorized a common stock dividend of 14 cents per share, payable June 15, 2022, to the Company’s shareholders of record on May 13, 2022.

E. I. du Pont de Nemours and Company Announces Preferred Stock Dividend.

The stocks have a year to date performance of 21.11 percent and weekly performance of 1.11 percent. The stock has been moved at 33.13 percent over the last six months. The stock has performed -1.77 percent around the most recent 30 days and changed 19.47 percent over the most recent 3-months.

If compared to the average trading volume of 4.22M shares, CTVA reached to a volume of 5214676 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 $59.94 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 2.30. 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 14, 2022. The new note on the price target was released on April 14, 2022, representing the official price target for Corteva Inc. stock.

The Average True Range (ATR) for Corteva Inc. is set at 1.41, with the Price to Sales ratio for CTVA stock in the period of the last 12 months amounting to 2.66. The Price to Book ratio for the last quarter was 1.64, with the Price to Cash per share for the same quarter was set at 6.24. Price to Free Cash Flow for CTVA in the course of the last twelve months was 23.74 with Quick ratio for the last quarter at 1.10.

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 1.11. With this latest performance, CTVA shares dropped by -1.77% in over the last four-week period, additionally plugging by 33.13% over the last 6 months – not to mention a rise of 15.00% 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 45.71, with the RSI for the last a single of trading hit 38.73, and the three-weeks RSI is set at 50.64 for Corteva Inc. [CTVA]. The present Moving Average for the last 50 days of trading for this stock 56.27, while it was recorded at 57.47 for the last single week of trading, and 48.16 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 +8.53 and a Gross Margin at +36.61. Corteva Inc.’s Net Margin is presently recorded at +11.57.

Return on Equity for this stock inclined to 7.22, with Return on Assets sitting at 4.26.

Corteva Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.60.

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

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 18.09%.

Corteva Inc. [CTVA]: Insider Ownership positions

There are presently around $33,461 million, or 82.20% of CTVA stock, in the hands of institutional investors. The top three institutional holders of CTVA stocks are: VANGUARD GROUP INC with ownership of 79,487,323, which is approximately -0.397% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 59,759,589 shares of the stock with an approximate value of $3.43 billion in CTVA stocks shares; and STATE STREET CORP, currently with $2.39 billion in CTVA stock with ownership of nearly -1.7% 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 503 institutional holders increased their position in Corteva Inc. [NYSE:CTVA] by around 27,646,735 shares. Additionally, 492 investors decreased positions by around 18,590,170 shares, while 225 investors held positions by with 537,321,985 shares. The mentioned changes placed institutional holdings at 583,558,890 shares, according to the latest SEC report filing. CTVA stock had 149 new institutional investments in for a total of 3,343,525 shares, while 68 institutional investors sold positions of 2,288,202 shares during the same period.