ROTH Capital lifts Corteva Inc. [CTVA] price estimate. Who else is bullish?

Corteva Inc. [NYSE: CTVA] closed the trading session at $63.24 on 08/25/22. The day’s price range saw the stock hit a low of $62.18, while the highest price level was $63.345. The company report on August 4, 2022 that Corteva Reports Second Quarter and First Half 2022 Results, Raises Full-Year Net Sales and Earnings Guidance.

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Increased dividend ~7% on an annualized basis, effective in the third quarter.

The stocks have a year to date performance of 33.76 percent and weekly performance of 1.39 percent. The stock has been moved at 26.35 percent over the last six months. The stock has performed 11.71 percent around the most recent 30 days and changed 1.98 percent over the most recent 3-months.

If compared to the average trading volume of 3.66M shares, CTVA reached to a volume of 2520064 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 $65.28 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.

ROTH Capital have made an estimate for Corteva Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on August 08, 2022. While these analysts kept the previous recommendation, JP Morgan raised their target price from $58 to $63. The new note on the price target was released on August 08, 2022, representing the official price target for Corteva Inc. stock. Previously, the target price had yet another raise to $68, while Credit Suisse analysts kept a Outperform rating on CTVA stock.

The Average True Range (ATR) for Corteva Inc. is set at 1.23, with the Price to Sales ratio for CTVA stock in the period of the last 12 months amounting to 2.77. The Price to Book ratio for the last quarter was 1.77, with the Price to Cash per share for the same quarter was set at 3.63. Price to Free Cash Flow for CTVA in the course of the last twelve months was 64.28 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 1.39. With this latest performance, CTVA shares gained by 11.71% in over the last four-week period, additionally plugging by 26.35% over the last 6 months – not to mention a rise of 44.45% 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 71.97, with the RSI for the last a single of trading hit 75.60, and the three-weeks RSI is set at 67.68 for Corteva Inc. [CTVA]. The present Moving Average for the last 50 days of trading for this stock 56.15, while it was recorded at 61.86 for the last single week of trading, and 53.62 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 1.30 and a Current Ratio set at 1.90.

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 16.25%.

Corteva Inc. [CTVA]: Insider Ownership positions

There are presently around $36,819 million, or 83.90% of CTVA stock, in the hands of institutional investors. The top three institutional holders of CTVA stocks are: VANGUARD GROUP INC with ownership of 81,754,857, which is approximately 1.228% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 60,262,771 shares of the stock with an approximate value of $3.81 billion in CTVA stocks shares; and STATE STREET CORP, currently with $2.31 billion in CTVA stock with ownership of nearly -1.12% of the company’s market capitalization.

Positions in Corteva Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 516 institutional holders increased their position in Corteva Inc. [NYSE:CTVA] by around 60,843,563 shares. Additionally, 542 investors decreased positions by around 51,286,633 shares, while 255 investors held positions by with 470,077,528 shares. The mentioned changes placed institutional holdings at 582,207,724 shares, according to the latest SEC report filing. CTVA stock had 120 new institutional investments in for a total of 9,340,063 shares, while 104 institutional investors sold positions of 3,134,284 shares during the same period.


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