Corteva Inc (CTVA) concluded trading on Thursady at a closing price of $54.71, with 4.01 million shares of worth about $219.13 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 10.79% during that period and on Thursady the price saw a gain of about 0.90%. Currently the company’s common shares owned by public are about 701.26M shares, out of which, 700.59M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 41 times over the past 12 months. They bought 111,832 shares in 33 of the transactions. In 8 selling transactions, insiders dumped 33,596 shares.
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However, the stock later moved at a day high price of 54.87, or with a gain of 0.90%. Stock saw a price change of 1.16% in past 5 days and over the past one month there was a price change of 20.43%. Year-to-date (YTD), CTVA shares are showing a performance of 14.17% which decreased to -8.91% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $43.22 but also hit the highest price of $64.04 during that period. The average intraday trading volume for Corteva Inc shares is 4.35 million. The stock is currently trading 6.60% above its 20-day simple moving average (SMA20), while that difference is up 12.89% for SMA50 and it goes to 6.48% higher than SMA200.
Corteva Inc (NYSE: CTVA) currently have 701.26M outstanding shares and institutions hold larger chunk of about 82.18% of that.
The stock has a current market capitalization of $38.39B and its 3Y-monthly beta is at 0.76. PE ratio of stock for trailing 12 months is 53.71, while it has posted earnings per share of $1.02 in the same period. Its PEG reads 4.50 and has Quick Ratio of 0.90 while making debt-to-equity ratio of 0.12. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CTVA, volatility over the week remained 1.54% while standing at 2.34% over the month.
Analysts are in expectations that Corteva Inc (CTVA) stock would likely to be making an EPS of $0.98 in the current quarter, while forecast for next quarter EPS is $1.73 and it is $3.43 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.72 which is $1.11 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1.16 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 5.66% while it is estimated to increase by 21.59% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Loop Capital on February 12, 2024 offering a Buy rating for the stock and assigned a target price range of between $57 and $65 to it. Coverage by Exane BNP Paribas stated Corteva Inc (CTVA) stock as a Neutral in their note to investors on February 02, 2024, suggesting a price target of $53 for the stock. On November 27, 2023, Berenberg Downgrade their recommendations, while on November 14, 2023, Barclays Downgrade their ratings for the stock with a price target of $50. Stock get an Outperform rating from Oppenheimer on October 20, 2023.
