Corteva Inc. [CTVA] gain 0.44% so far this year. What now?

Corteva Inc. [NYSE: CTVA] plunged by -$0.65 during the normal trading session on Thursday and reaching a high of $59.69 during the day while it closed the day at $59.04. The company report on January 3, 2023 that Corteva Announces Dates for Fourth Quarter and Full Year 2022 Earnings Release and Webcast.

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Corteva, Inc. (NYSE: CTVA) today announced it will release its fourth quarter and full year 2022 earnings on Wednesday, February 1, 2023, after the stock market close via PR Newswire and its website. The Company will host a live webcast of its fourth quarter and full year 2022 earnings conference call on Thursday, February 2, 2023, 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 February 3, 2024.

Corteva Inc. stock has also gained 0.70% of its value over the past 7 days. However, CTVA stock has declined by -4.03% in the 3 months of the year. Over the past six months meanwhile, it has gained 11.71% and gained 0.44% year-on date.

The market cap for CTVA stock reached $42.33 billion, with 718.70 million shares outstanding and 713.02 million shares in the current float. Compared to the average trading volume of 3.08M shares, CTVA reached a trading volume of 3314530 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 $72.21 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 2.20. 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.

UBS have made an estimate for Corteva Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on November 16, 2022. While these analysts kept the previous recommendation, Loop Capital raised their target price from $70 to $71. The new note on the price target was released on November 15, 2022, representing the official price target for Corteva Inc. stock. Previously, the target price had yet another raise from $67 to $74, while ROTH Capital kept a Buy rating on CTVA stock. On August 08, 2022, analysts increased their price target for CTVA shares from 58 to 63.

The Average True Range (ATR) for Corteva Inc. is set at 1.30, with the Price to Sales ratio for CTVA stock in the period of the last 12 months amounting to 2.47. The Price to Book ratio for the last quarter was 1.71, with the Price to Cash per share for the same quarter was set at 3.23. Price to Free Cash Flow for CTVA in the course of the last twelve months was 115.33 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 0.70. With this latest performance, CTVA shares dropped by -8.27% in over the last four-week period, additionally plugging by 11.71% over the last 6 months – not to mention a rise of 23.59% 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 38.77, with the RSI for the last a single of trading hit 39.23, and the three-weeks RSI is set at 40.46 for Corteva Inc. [CTVA]. The present Moving Average for the last 50 days of trading for this stock 63.69, while it was recorded at 59.08 for the last single week of trading, and 59.80 for the last 200 days.

Corteva Inc. [CTVA]: An insightful look at the core fundamentals

Corteva Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.70.

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 17.77%.

Corteva Inc. [CTVA]: Insider Ownership positions

There are presently around $33,742 million, or 83.30% of CTVA stock, in the hands of institutional investors. The top three institutional holders of CTVA stocks are: VANGUARD GROUP INC with ownership of 82,055,723, which is approximately 0.368% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 59,910,263 shares of the stock with an approximate value of $3.54 billion in CTVA stocks shares; and STATE STREET CORP, currently with $2.02 billion in CTVA stock with ownership of nearly -6.314% of the company’s market capitalization.

Positions in Corteva Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 534 institutional holders increased their position in Corteva Inc. [NYSE:CTVA] by around 26,360,793 shares. Additionally, 491 investors decreased positions by around 26,582,052 shares, while 265 investors held positions by with 518,570,871 shares. The mentioned changes placed institutional holdings at 571,513,716 shares, according to the latest SEC report filing. CTVA stock had 111 new institutional investments in for a total of 3,491,260 shares, while 73 institutional investors sold positions of 3,347,282 shares during the same period.


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