Corteva (NYSE:CTVA) Price Target Raised to $71.00 at KeyCorp

Corteva (NYSE:CTVA) had its price target lifted by KeyCorp from $70.00 to $71.00 in a research report sent to investors on Monday, Marketbeat Ratings reports. They currently have an overweight rating on the stock. KeyCorp also issued estimates for Corteva’s Q1 2025 earnings at $0.87 EPS, Q2 2025 earnings at $2.07 EPS, Q3 2025 earnings at ($0.27) EPS, Q4 2025 earnings at $0.37 EPS, FY2025 earnings at $3.03 EPS and FY2026 earnings at $3.47 EPS.

A number of other equities analysts have also weighed in on CTVA. Argus raised shares of Corteva from a “hold” rating to a “buy” rating and set a $69.00 price objective for the company in a research report on Monday, March 31st. BNP Paribas raised Corteva to a “hold” rating in a research note on Monday, February 10th. UBS Group lowered their price objective on Corteva from $74.00 to $73.00 and set a “buy” rating for the company in a research report on Friday, January 10th. Oppenheimer increased their price objective on shares of Corteva from $70.00 to $72.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Finally, Royal Bank of Canada increased their target price on Corteva from $72.00 to $73.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $68.13.

Corteva Stock Down 0.7 %

CTVA stock opened at $59.26 on Monday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.45 and a quick ratio of 0.93. Corteva has a 12 month low of $50.01 and a 12 month high of $66.24. The firm has a market capitalization of $40.48 billion, a PE ratio of 45.94, a P/E/G ratio of 1.68 and a beta of 0.73. The company’s 50 day simple moving average is $61.09 and its 200-day simple moving average is $60.26.

Corteva (NYSE:CTVA) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.02). Corteva had a return on equity of 7.19% and a net margin of 5.36%. Equities analysts expect that Corteva will post 2.96 earnings per share for the current fiscal year.

Corteva Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend was Monday, March 3rd. Corteva’s dividend payout ratio (DPR) is 52.71%.

Insider Activity

In other news, insider Brian Titus sold 26,560 shares of Corteva stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $63.74, for a total value of $1,692,934.40. Following the completion of the transaction, the insider now owns 11,347 shares in the company, valued at approximately $723,257.78. This trade represents a 70.07 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.14% of the company’s stock.

Hedge Funds Weigh In On Corteva

Large investors have recently added to or reduced their stakes in the company. Oak Thistle LLC acquired a new stake in shares of Corteva during the 4th quarter worth approximately $1,514,000. Van ECK Associates Corp increased its position in Corteva by 5.9% in the 4th quarter. Van ECK Associates Corp now owns 9,428,206 shares of the company’s stock valued at $537,031,000 after acquiring an additional 525,531 shares during the period. Swedbank AB raised its stake in shares of Corteva by 51.9% during the fourth quarter. Swedbank AB now owns 695,641 shares of the company’s stock valued at $39,624,000 after purchasing an additional 237,764 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of Corteva by 755.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 552,769 shares of the company’s stock worth $31,486,000 after buying an additional 488,181 shares in the last quarter. Finally, S.E.E.D. Planning Group LLC boosted its holdings in shares of Corteva by 54.5% in the fourth quarter. S.E.E.D. Planning Group LLC now owns 96,103 shares of the company’s stock valued at $5,474,000 after acquiring an additional 33,886 shares in the last quarter. 81.54% of the stock is currently owned by institutional investors.

About Corteva

Corteva, Inc operates in the agriculture business. It operates through two segments, Seed and Crop Protection. The Seed segment develops and supplies advanced germplasm and traits that produce optimum yield for farms. It offers trait technologies that enhance resistance to weather, disease, insects, and herbicides used to control weeds, as well as food and nutritional characteristics.