Corteva Inc (CTVA) concluded trading on Wednesday at a closing price of $55.73, with 4.35 million shares of worth about $242.65 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 6.07% during that period and on March 20, 2024 the price saw a gain of about 1.94%. Currently the company’s common shares owned by public are about 701.26M shares, out of which, 686.70M shares are available for trading.
Stock saw a price change of 0.78% in past 5 days and over the past one month there was a price change of 2.52%. Year-to-date (YTD), CTVA shares are showing a performance of 16.30% which decreased to -3.28% 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 $63.37 during that period. The average intraday trading volume for Corteva Inc shares is 3.78 million. The stock is currently trading 2.12% above its 20-day simple moving average (SMA20), while that difference is up 8.59% for SMA50 and it goes to 8.80% higher than SMA200.
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Corteva Inc (NYSE: CTVA) currently have 701.26M outstanding shares and institutions hold larger chunk of about 83.90% of that.
The stock has a current market capitalization of $38.33B and its 3Y-monthly beta is at 0.78. PE ratio of stock for trailing 12 months is 54.71, while it has posted earnings per share of $1.02 in the same period. Its PEG reads 4.58 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 1.61% while standing at 1.51% over the month.
Analysts are in expectations that Corteva Inc (CTVA) stock would likely to be making an EPS of $0.95 in the current quarter, while forecast for next quarter EPS is $1.76 and it is $3.44 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.69 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 5.77% while it is estimated to increase by 21.70% 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 Wolfe Research on March 01, 2024 offering an Outperform rating for the stock and assigned a target price of $67 to it. Coverage by Loop Capital stated Corteva Inc (CTVA) stock as a Buy in their note to investors on February 12, 2024, suggesting a price target of $65 for the stock. On February 02, 2024, Exane BNP Paribas Upgrade their recommendations, while on November 27, 2023, Berenberg Downgrade their ratings for the stock with a price target of $52. Stock get an Equal weight rating from Barclays on November 14, 2023.
