Corteva Inc [NYSE: CTVA] closed the trading session at $62.36.
The stocks have a year to date performance of 9.48 percent and weekly performance of -5.73 percent. The stock has been moved at 21.84 percent over the last six months. The stock has performed 9.52 percent around the most recent 30 days and changed 1.88 percent over the most recent 3-months.
If compared to the average trading volume of 3.58M shares, CTVA reached to a volume of 11376832 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 $67.10 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 1.70. 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.
Citigroup have made an estimate for Corteva Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 23, 2024. While these analysts kept the previous recommendation, BofA Securities raised their target price from $59 to $67. The new note on the price target was released on October 16, 2024, representing the official price target for Corteva Inc stock. On April 12, 2024, analysts decreased their price target for CTVA shares from 58 to 57.
The Average True Range (ATR) for Corteva Inc is set at 1.54, with the Price to Sales ratio for CTVA stock in the period of the last 12 months amounting to 2.53. The Price to Book ratio for the last quarter was 1.80, with the Price to Cash per share for the same quarter was set at 4.61. Price to Free Cash Flow for CTVA in the course of the last twelve months was 27.69 with Quick ratio for the last quarter at 0.93.
CTVA stock trade performance evaluation
Corteva Inc [CTVA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.73. With this latest performance, CTVA shares gained by 9.52% in over the last four-week period, additionally plugging by 21.84% over the last 6 months – not to mention a rise of 20.39% 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 50.50, with the RSI for the last a single of trading hit 44.56, and the three-weeks RSI is set at 52.77 for Corteva Inc [CTVA]. The present Moving Average for the last 50 days of trading for this stock 60.57, while it was recorded at 64.35 for the last single week of trading, and 56.96 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 0.93 and a Current Ratio set at 1.45.
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 16.16%.
Corteva Inc [CTVA]: Institutional Ownership
There are presently around $86.02%, or 86.11%% of CTVA stock, in the hands of institutional investors. The top three institutional holders of CTVA stocks are: VANGUARD GROUP INC with ownership of 78.39 million shares, which is approximately 11.1928%. BLACKROCK INC., holding 53.66 million shares of the stock with an approximate value of $$2.89 billion in CTVA stocks shares; and BLACKROCK INC., currently with $$1.81 billion in CTVA stock with ownership which is approximately 4.7861%.
