The price-to-earnings ratio for Corteva Inc (NYSE: CTVA) is above average at 55.27x, Company’s 36-month beta value is 0.78.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for CTVA is 686.70M, and currently, short sellers hold a 0.98% ratio of that floaft. The average trading volume of CTVA on March 27, 2024 was 3.75M shares.
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CTVA) stock’s latest price update
The stock price of Corteva Inc (NYSE: CTVA) has jumped by 1.20 compared to previous close of 55.63. Despite this, the company has seen a gain of 2.98% in its stock price over the last five trading days. InvestorPlace reported 2024-03-11 that As of March 1, virtually all S&P 500 companies had already reported earnings. Approximately 73% beat the earnings estimates, leaving investors with plenty of top stock superstars to choose from that blew through Wall Street’s expectations.
CTVA’s Market Performance
Corteva Inc (CTVA) has experienced a 2.98% rise in stock performance for the past week, with a 2.70% rise in the past month, and a 18.63% rise in the past quarter. The volatility ratio for the week is 1.61%, and the volatility levels for the past 30 days are at 1.53% for CTVA.. The simple moving average for the past 20 days is 2.83% for CTVA’s stock, with a 9.97% simple moving average for the past 200 days.
Analysts’ Opinion of CTVA
Many brokerage firms have already submitted their reports for CTVA stocks, with Wolfe Research repeating the rating for CTVA by listing it as a “Outperform.” The predicted price for CTVA in the upcoming period, according to Wolfe Research is $67 based on the research report published on March 01, 2024 of the current year 2024.
Loop Capital, on the other hand, stated in their research note that they expect to see CTVA reach a price target of $65, previously predicting the price at $57. The rating they have provided for CTVA stocks is “Buy” according to the report published on February 12th, 2024.
Exane BNP Paribas gave a rating of “Neutral” to CTVA, setting the target price at $53 in the report published on February 02nd of the current year.
CTVA Trading at 8.16% from the 50-Day Moving Average
After a stumble in the market that brought CTVA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -11.15% of loss for the given period.
Volatility was left at 1.53%, however, over the last 30 days, the volatility rate increased by 1.61%, as shares surge +2.12% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +22.10% upper at present.
During the last 5 trading sessions, CTVA rose by +2.98%, which changed the moving average for the period of 200-days by -2.65% in comparison to the 20-day moving average, which settled at $54.81. In addition, Corteva Inc saw 17.49% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CTVA starting from Eathington Samuel R, who purchase 1,094 shares at the price of $46.07 back on Nov 28 ’23. After this action, Eathington Samuel R now owns 41,066 shares of Corteva Inc, valued at $50,401 using the latest closing price.
GLENN TIMOTHY P, the EVP, Seed Business Unit of Corteva Inc, purchase 4,000 shares at $45.99 during a trade that took place back on Nov 14 ’23, which means that GLENN TIMOTHY P is holding 163,121 shares at $183,944 based on the most recent closing price.
Stock Fundamentals for CTVA
Current profitability levels for the company are sitting at:
- 0.09 for the present operating margin
- 0.42 for the gross margin
The net margin for Corteva Inc stands at 0.04. The total capital return value is set at 0.05. Equity return is now at value 3.69, with 2.17 for asset returns.
Based on Corteva Inc (CTVA), the company’s capital structure generated 0.09 points at debt to capital in total, while cash flow to debt ratio is standing at 0.71. The debt to equity ratio resting at 0.1. The interest coverage ratio of the stock is 6.56.
Currently, EBITDA for the company is 3.25 billion with net debt to EBITDA at -0.06. When we switch over and look at the enterprise to sales, we see a ratio of 2.24. The receivables turnover for the company is 3.14for trailing twelve months and the total asset turnover is 0.4. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.56.
Conclusion
In a nutshell, Corteva Inc (CTVA) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
