Corteva Inc [CTVA] Stock trading around $51.71 per share: What’s Next?

Corteva Inc [NYSE: CTVA] stock went on a downward path that fall over -2.25% on Monday, amounting to a one-week price decrease of less than -6.95%.

Over the last 12 months, CTVA stock dropped by -10.58%. The one-year Corteva Inc stock forecast points to a potential upside of 18.95. The average equity rating for CTVA stock is currently 1.59, trading closer to a bullish pattern in the stock market.

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The market cap for the stock reached $36.04 billion, with 701.26 million shares outstanding and 695.96 million shares in the current float. Compared to the average trading volume of 3.25M shares, CTVA stock reached a trading volume of 5329840 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on 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 $63.80 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 1.59. 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.

JP Morgan have made an estimate for Corteva Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on April 12, 2024. While these analysts kept the previous recommendation, Wolfe Research raised their target price to Outperform. The new note on the price target was released on March 01, 2024, representing the official price target for Corteva Inc stock. Previously, the target price had yet another raise from $57 to $65, while Loop Capital kept a Buy rating on CTVA stock.

The Average True Range (ATR) for Corteva Inc is set at 1.18, with the Price to Sales ratio for CTVA stock in the period of the last 12 months amounting to 2.14. The Price to Book ratio for the last quarter was 1.46, with the Price to Cash per share for the same quarter was set at 3.11. Price to Free Cash Flow for CTVA in the course of the last twelve months was 19.18 with Quick ratio for the last quarter at 0.97.

CTVA Stock Performance Analysis:

Corteva Inc [CTVA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.95. With this latest performance, CTVA shares dropped by -10.58% in over the last four-week period, additionally plugging by 16.20% over the last 6 months – not to mention a drop of -10.58% 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 33.82, with the RSI for the last a single of trading hit 29.05, and the three-weeks RSI is set at 37.66 for Corteva Inc [CTVA]. The present Moving Average for the last 50 days of trading for this stock 55.72, while it was recorded at 53.46 for the last single week of trading, and 51.34 for the last 200 days.

Insight into Corteva Inc Fundamentals:

Corteva Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.97 and a Current Ratio set at 1.51.

CTVA Stock EPS

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 13.50%.

Corteva Inc [CTVA] Institutonal Ownership Details

The top three institutional holders of CTVA stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in CTVA stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in CTVA stock with ownership which is approximately 5.8386%.