Corteva (NYSE:CTVA) Sets New 52-Week High on Analyst Upgrade

Corteva, Inc. (NYSE:CTVA) shares hit a new 52-week high during trading on Monday after Jefferies Financial Group raised their price target on the stock from $85.00 to $95.00. Jefferies Financial Group currently has a buy rating on the stock. Corteva traded as high as $80.36 and last traded at $79.9560, with a volume of 1153944 shares. The stock had previously closed at $80.12.

Several other equities analysts have also weighed in on CTVA. JPMorgan Chase & Co. lowered shares of Corteva from an “overweight” rating to a “neutral” rating and lifted their target price for the company from $75.00 to $77.00 in a report on Thursday, February 5th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $88.00 price objective on shares of Corteva in a report on Thursday, February 5th. Wolfe Research increased their target price on shares of Corteva from $81.00 to $86.00 and gave the stock an “outperform” rating in a research note on Thursday, February 5th. Weiss Ratings restated a “hold (c-)” rating on shares of Corteva in a research note on Monday, December 29th. Finally, UBS Group cut Corteva from a “buy” rating to a “hold” rating in a report on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Corteva presently has an average rating of “Moderate Buy” and an average target price of $82.80.

Insider Activity at Corteva

In other news, insider Brian Titus sold 8,311 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $76.55, for a total value of $636,207.05. Following the transaction, the insider owned 8,090 shares in the company, valued at $619,289.50. This trade represents a 50.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.15% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Activest Wealth Management raised its position in shares of Corteva by 118.3% in the third quarter. Activest Wealth Management now owns 369 shares of the company’s stock valued at $25,000 after buying an additional 200 shares during the last quarter. JPL Wealth Management LLC purchased a new stake in Corteva during the 3rd quarter valued at about $25,000. True Wealth Design LLC raised its holdings in Corteva by 209.5% in the 3rd quarter. True Wealth Design LLC now owns 390 shares of the company’s stock valued at $26,000 after acquiring an additional 264 shares during the last quarter. Total Investment Management Inc. purchased a new position in Corteva in the 2nd quarter worth approximately $27,000. Finally, Garton & Associates Financial Advisors LLC acquired a new position in shares of Corteva during the 4th quarter worth approximately $27,000. Hedge funds and other institutional investors own 81.54% of the company’s stock.

Corteva Stock Down 2.1%

The company has a quick ratio of 0.96, a current ratio of 1.43 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $53.02 billion, a PE ratio of 49.90, a price-to-earnings-growth ratio of 2.75 and a beta of 0.72. The business has a 50-day moving average price of $72.42 and a 200-day moving average price of $68.91.

Corteva (NYSE:CTVA) last released its quarterly earnings data on Tuesday, February 3rd. The company reported $0.22 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.22. Corteva had a return on equity of 9.06% and a net margin of 6.29%.The company had revenue of $3.91 billion for the quarter, compared to analyst estimates of $4.23 billion. During the same quarter in the previous year, the company posted $0.32 earnings per share. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. Corteva has set its FY 2026 guidance at 3.450-3.700 EPS. Equities research analysts forecast that Corteva, Inc. will post 2.96 earnings per share for the current fiscal year.

Corteva Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $0.72 dividend on an annualized basis and a yield of 0.9%. Corteva’s payout ratio is 45.57%.

About Corteva

Corteva, Inc (NYSE: CTVA) is an independent global agriculture company that was established as a publicly traded firm in mid‑2019 following the separation of the agriculture businesses from DowDuPont. The company focuses on delivering technologies and products that help farmers increase productivity and manage crop health. Corteva’s operations combine seed genetics, crop protection chemistries, digital tools and biological solutions to address the full cycle of crop production.

Core business activities include research and development of seed genetics and trait technologies, formulation and sale of crop protection products (such as herbicides, insecticides and fungicides), and the development of seed treatments and biologicals.