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CTVA

BASIC MATERIALS

Corteva Inc

AI Stock Analysis· Neutral
Jun 22 · 8:17 PM ET

Corteva Inc (CTVA) is currently trading at $78.86, reflecting a modest gain of 0.34% today. The stock's technical indicators show a relatively stable position, with a Relative Strength Index (RSI) of 54.1 suggesting that the stock is neither overbought nor oversold. The short-term Simple Moving Average (SMA20) is at $77.43, indicating that the price is above this average, while the SMA50 and SMA200 are at $79.61 and $72.80, respectively. The MACD is at -0.69, with a signal line at -1.06, showing potential bullish momentum, although the histogram at 0.37 indicates weak buying pressure. Overall, the chart suggests cautious optimism as the stock hovers near its SMA levels.

From a fundamental perspective, Corteva exhibits strong growth metrics, with a year-over-year revenue growth of 291.6% and a quarter-over-quarter revenue growth of 11.0%. The company’s earnings per share (EPS) stands at $1.85, with a solid quarterly EPS growth of 12.1%. However, the stock's price-to-earnings (P/E) ratio of 42.5 is relatively high compared to its forward P/E of 22.4, indicating that the current valuation may be pricing in significant growth expectations. Analysts are largely bullish on Corteva, with a consensus rating of "BUY" from 22 analysts and an average target price of $90.05, suggesting a potential upside of approximately 14.2% from the current price.

While the next earnings report is not scheduled within the next 30 days, investors should pay attention to recent developments, particularly the implications of Corteva's Rimisoxafen deal with FMC, which could reshape cash flow dynamics and competitive positioning in the agricultural inputs sector. Currently, the company enjoys impressive gross and operating margins of 4358.9% and 1505.1%, respectively. Any changes in these margins or further details on the impact of the recent partnerships could be significant catalysts for the stock. Investors should closely monitor how these developments unfold, as they may influence both market sentiment and Corteva's financial performance in the coming quarters.

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52-Week Range

$60.10$85.43

$79.29

Fundamentals

Market Cap$52.7B
P/E Ratio42.6
EPS$1.85
Dividend Yield0.92%
Dividend / Share$0.72
ROE5.1%
Profit Margin6.5%
Debt / Equity

Trading

Volume1.7M
Avg Volume (10D)
Shares Outstanding668.8M

CTVA News

82 articles

Price Data

Open$78.41
Previous Close$78.86
Day High$80.28
Day Low$77.98
52 Week High$85.43
52 Week Low$60.10

About Corteva Inc

Corteva, Inc. (also known as Corteva Agriscience) is a major American agricultural chemical and seed company that was the agricultural unit of DowDuPont prior to being spun off as an independent public company.

21.5K employees
Listed May 24, 2019
BASIC MATERIALSAGRICULTURAL INPUTS

Company Details

Security TypeCommon Stock
ExchangeNYSE
CurrencyUSD
Round Lot
SICAGRICULTURAL INPUTS
CIK
Composite FIGI
Share Class FIGI