Corteva Inc. [CTVA] gain 30.99% so far this year. What now?

Corteva Inc. [NYSE: CTVA] traded at a high on 10/20/22, posting a 0.21 gain after which it closed the day’ session at $61.93. The company report on October 3, 2022 that Corteva Announces Dates for Third Quarter 2022 Earnings Release and Webcast.

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Corteva, Inc. (NYSE: CTVA) today announced it will release its third quarter 2022 earnings on Thursday, November 3, after the stock market close via PR Newswire and its website. The Company will host a live webcast of its third quarter 2022 earnings conference call on Friday, November 4, 2022, at 9:00 a.m. Eastern Time.

The slide presentation that accompanies the conference call will be posted on the Company’s Investor Events and Presentations page. A replay of the webcast will also be available on the Investor Events and Presentations page until November 5, 2023.

The results of the trading session contributed to over 2886298 shares changing hands. Over the past one week, the price volatility of Corteva Inc. stands at 3.30% while the volatility over the past one month is 2.77%.

The market cap for CTVA stock reached $47.70 billion, with 723.00 million shares outstanding and 717.17 million shares in the current float. Compared to the average trading volume of 2.92M shares, CTVA reached a trading volume of 2886298 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus 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 $68.84 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 1.91, with the Price to Sales ratio for CTVA stock in the period of the last 12 months amounting to 2.86. The Price to Book ratio for the last quarter was 1.73, with the Price to Cash per share for the same quarter was set at 3.45. Price to Free Cash Flow for CTVA in the course of the last twelve months was 66.34 with Quick ratio for the last quarter at 1.30.

How has CTVA stock performed recently?

Corteva Inc. [CTVA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.62. With this latest performance, CTVA shares gained by 4.56% in over the last four-week period, additionally plugging by 2.86% over the last 6 months – not to mention a rise of 40.34% 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 55.25, with the RSI for the last a single of trading hit 56.97, and the three-weeks RSI is set at 54.46 for Corteva Inc. [CTVA]. The present Moving Average for the last 50 days of trading for this stock 60.98, while it was recorded at 60.89 for the last single week of trading, and 56.29 for the last 200 days.

Corteva Inc. [CTVA]: Deeper insight into the 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 analysis for Corteva Inc. [CTVA]

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 16.70%.

Insider trade positions for Corteva Inc. [CTVA]

There are presently around $36,046 million, or 83.00% 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 0.13% of the total institutional ownership; BLACKROCK INC., holding 60,262,771 shares of the stock with an approximate value of $3.73 billion in CTVA stocks shares; and STATE STREET CORP, currently with $2.26 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 November and at the time of the November reporting period, where 516 institutional holders increased their position in Corteva Inc. [NYSE:CTVA] by around 60,287,782 shares. Additionally, 530 investors decreased positions by around 50,788,785 shares, while 256 investors held positions by with 470,966,540 shares. The mentioned changes placed institutional holdings at 582,043,107 shares, according to the latest SEC report filing. CTVA stock had 126 new institutional investments in for a total of 9,003,534 shares, while 96 institutional investors sold positions of 2,998,320 shares during the same period.


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