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Corteva Inc (NYSE: CTVA) closed the day trading at $56.50 down -0.69% from the previous closing price of $56.89. In other words, the price has decreased by -$0.69 from its previous closing price. On the day, 1.66 million shares were traded. CTVA stock price reached its highest trading level at $57.24 during the session, while it also had its lowest trading level at $56.475.
Ratios:
For a better understanding of CTVA, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 17.30 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 26.02. For the most recent quarter (mrq), Quick Ratio is recorded 1.17 and its Current Ratio is at 1.72. In the meantime, Its Debt-to-Equity ratio is 0.19 whereas as Long-Term Debt/Eq ratio is at 0.10.
On April 12, 2024, JP Morgan Downgraded its rating to Neutral which previously was Overweight and also lowered its target price recommendation from $58 to $57.
On March 01, 2024, Wolfe Research started tracking the stock assigning a Outperform rating and target price of $67.Wolfe Research initiated its Outperform rating on March 01, 2024, with a $67 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 14 ’24 when FUERER CORNEL B sold 39,736 shares for $57.41 per share. The transaction valued at 2,281,244 led to the insider holds 126,628 shares of the business.
Eathington Samuel R sold 31,686 shares of CTVA for $1,826,381 on May 09 ’24. The insider now owns 53,854 shares after completing the transaction at $57.64 per share. On May 06 ’24, another insider, TITUS BRIAN, who serves as the insider of the company, sold 12,134 shares for $56.65 each. As a result, the insider received 687,338 and left with 13,495 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CTVA now has a Market Capitalization of 39111954432 and an Enterprise Value of 42118955008. As of this moment, Corteva’s Price-to-Earnings (P/E) ratio for their current fiscal year is 43.73, and their Forward P/E ratio for the next fiscal year is 17.03. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.64. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.31 while its Price-to-Book (P/B) ratio in mrq is 1.56. Its current Enterprise Value per Revenue stands at 2.492 whereas that against EBITDA is 13.105.
Stock Price History:
Over the past 52 weeks, CTVA has reached a high of $59.08, while it has fallen to a 52-week low of $43.22. The 50-Day Moving Average of the stock is 1.92%, while the 200-Day Moving Average is calculated to be 5.04%.
Shares Statistics:
Over the past 3-months, CTVA traded about 2.83M shares per day on average, while over the past 10 days, CTVA traded about 2295090 shares per day. A total of 701.26M shares are outstanding, with a floating share count of 691.14M. Insiders hold about 0.16% of the company’s shares, while institutions hold 84.45% stake in the company. Shares short for CTVA as of 1726185600 were 8555149 with a Short Ratio of 3.03, compared to 1723680000 on 8656511. Therefore, it implies a Short% of Shares Outstanding of 8555149 and a Short% of Float of 1.39999995.
Dividends & Splits
CTVA’s forward annual dividend rate is 0.65, up from 0.65 a year ago. Against a Trailing Annual Dividend Yield of 0.011425558The stock’s 5-year Average Dividend Yield is 1.18.
