Why Should You Put Corteva Inc (NYSE: CTVA) On Your Portfolio?

Currently, there are 701.26M common shares owned by the public and among those 700.65M shares have been available to trade.

However, the script later moved the day high at 55.69, up 0.75%. The company’s stock has a 5-day price change of 2.76% and 23.80% over the past three months. CTVA shares are trading 14.96% year to date (YTD), with the 12-month market performance down to -8.06% lower. It has a 12-month low price of $43.22 and touched a high of $63.37 over the same period. CTVA has an average intraday trading volume of 4.19 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.41%, 9.46%, and 7.57% respectively.

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Institutional ownership of Corteva Inc (NYSE: CTVA) shares accounts for 82.21% of the company’s 701.26M shares outstanding.

It has a market capitalization of $38.66B and a beta (3y monthly) value of 0.78. The stock’s trailing 12-month PE ratio is 54.08, while the earnings-per-share (ttm) stands at $1.02. The company has a PEG of 4.53 and a Quick Ratio of 0.90 with the debt-to-equity ratio at 0.12. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.45% over the week and 1.58% over the month.

Analysts forecast that Corteva Inc (CTVA) will achieve an EPS of $0.97 for the current quarter, $1.74 for the next quarter and $3.44 for 2025. The lowest estimate earnings-per-share for the quarter is $0.69 while analysts give the company a high EPS estimate of $1.11. Comparatively, EPS for the current quarter was $1.16 a year ago. Earnings per share for the fiscal year are expected to increase by 5.74%, and 21.57% over the next financial year.

Looking at the support for the CTVA, a number of firms have released research notes about the stock. Wolfe Research stated their Outperform rating for the stock in a research note on March 01, 2024, with the firm’s price target at $67. Loop Capital coverage for the Corteva Inc (CTVA) stock in a research note released on February 12, 2024 offered a Buy rating with a price target of $65. Exane BNP Paribas was of a view on February 02, 2024 that the stock is Neutral, while Berenberg gave the stock Hold rating on November 27, 2023, issuing a price target of $63- $52. Barclays on their part issued Equal Weight rating on November 14, 2023.

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