For Corteva Inc. [CTVA], Analyst sees a rise to $71. What next?


Corteva Inc. [NYSE: CTVA] gained 0.06% or 0.03 points to close at $54.27 with a heavy trading volume of 4749403 shares. The company report on June 23, 2022 that Corteva to Host Investor Day.

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Company to Provide Updates on Strategy, Innovation and Roadmap for Growth.

Corteva, Inc. (NYSE: CTVA) will host an Investor Day on September 13, 2022 at its Johnston, Iowa Business Center.

It opened the trading session at $54.89, the shares rose to $55.72 and dropped to $53.90, the range by which the price of stock traded the whole day. The daily chart for CTVA points out that the company has recorded 15.44% gains over the past six months. However, it is still -33.67% lower than its most recent low trading price.

If we look at the average trading volume of 4.66M shares, CTVA reached to a volume of 4749403 in the most recent trading day, which is why market watchdogs consider the stock to be active.

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 $63.72 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.

Barclays have made an estimate for Corteva Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on June 01, 2022. The new note on the price target was released on May 06, 2022, representing the official price target for Corteva Inc. stock. Previously, the target price had yet another raise to $69, while Loop Capital analysts kept a Buy rating on CTVA stock.

The Average True Range (ATR) for Corteva Inc. is set at 1.84, with the Price to Sales ratio for CTVA stock in the period of the last 12 months amounting to 2.32. The Price to Book ratio for the last quarter was 1.54, with the Price to Cash per share for the same quarter was set at 3.37. Price to Free Cash Flow for CTVA in the course of the last twelve months was 40.16 with Quick ratio for the last quarter at 1.10.

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 -1.99. With this latest performance, CTVA shares dropped by -14.09% in over the last four-week period, additionally plugging by 15.44% over the last 6 months – not to mention a rise of 22.40% 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 41.78, with the RSI for the last a single of trading hit 42.10, and the three-weeks RSI is set at 43.07 for Corteva Inc. [CTVA]. The present Moving Average for the last 50 days of trading for this stock 57.94, while it was recorded at 53.29 for the last single week of trading, and 50.84 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 +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.

Corteva Inc. [CTVA]: An earnings per share (EPS) analysis

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 17.55%.

An analysis of insider ownership at Corteva Inc. [CTVA]

There are presently around $31,401 million, or 82.10% of CTVA stock, in the hands of institutional investors. The top three institutional holders of CTVA stocks are: VANGUARD GROUP INC with ownership of 80,762,837, which is approximately 1.605% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 61,242,962 shares of the stock with an approximate value of $3.32 billion in CTVA stocks shares; and STATE STREET CORP, currently with $2.0 billion in CTVA stock with ownership of nearly -11.478% of the company’s market capitalization.

530 institutional holders increased their position in Corteva Inc. [NYSE:CTVA] by around 45,019,823 shares. Additionally, 538 investors decreased positions by around 41,809,270 shares, while 229 investors held positions by with 492,099,654 shares. The mentioned changes placed institutional holdings at 578,928,747 shares, according to the latest SEC report filing. CTVA stock had 160 new institutional investments in for a total of 7,924,567 shares, while 93 institutional investors sold positions of 3,225,812 shares during the same period.