Corteva (NASDAQ:CTVA) Earns “Hold” Rating from Barclays

Barclays restated their hold rating on shares of Corteva (NASDAQ:CTVA) in a research note published on Sunday morning, AnalystRatings.com reports. The firm currently has a $35.00 target price on the stock.

Other equities research analysts also recently issued reports about the stock. UBS Group started coverage on shares of Corteva in a research note on Tuesday, June 4th. They issued a buy rating and a $38.00 price target on the stock. Loop Capital started coverage on shares of Corteva in a research note on Monday, July 1st. They issued a hold rating and a $31.00 price target on the stock. Goldman Sachs Group started coverage on shares of Corteva in a research note on Monday, June 3rd. They issued a neutral rating and a $29.00 price target on the stock. Monness Crespi & Hardt started coverage on shares of Corteva in a research note on Wednesday, July 17th. They issued a sell rating and a $24.00 price target on the stock. Finally, Nomura started coverage on shares of Corteva in a research note on Monday, June 10th. They issued a neutral rating and a $28.00 price target on the stock. One research analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the stock. Corteva has a consensus rating of Hold and a consensus price target of $31.21.

Corteva stock traded down $1.56 during trading hours on Friday, reaching $29.90. 5,548,484 shares of the stock were exchanged, compared to its average volume of 7,096,402. Corteva has a twelve month low of $24.35 and a twelve month high of $32.78. The stock has a 50 day moving average price of $27.99.

Corteva (NASDAQ:CTVA) last announced its quarterly earnings data on Thursday, August 1st. The company reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.43. The firm had revenue of $5.56 billion for the quarter, compared to analyst estimates of $5.47 billion. The company’s revenue for the quarter was down 3.1% compared to the same quarter last year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Wednesday, July 31st will be paid a $0.13 dividend. The ex-dividend date is Tuesday, July 30th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.74%.

In other Corteva news, Director Gregory R. Page acquired 2,000 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The stock was acquired at an average price of $25.49 per share, for a total transaction of $50,980.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Litman Gregory Asset Management LLC bought a new position in Corteva in the 2nd quarter valued at approximately $26,000. Executive Wealth Management LLC bought a new position in Corteva in the 2nd quarter valued at approximately $27,000. Manchester Financial Inc. bought a new position in Corteva in the 2nd quarter valued at approximately $30,000. Central Bank & Trust Co. bought a new position in Corteva in the 2nd quarter valued at approximately $31,000. Finally, Atwood & Palmer Inc. bought a new position in Corteva in the 2nd quarter valued at approximately $33,000.

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Analyst Recommendations for Corteva (NASDAQ:CTVA)

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