Corteva (CTVA) Scheduled to Post Earnings on Wednesday

Corteva (NYSE:CTVA) is set to release its earnings data after the market closes on Wednesday, November 6th. Analysts expect Corteva to post earnings of ($0.29) per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Corteva Trading Up 0.6 %

Shares of NYSE CTVA opened at $61.21 on Tuesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.72 and a quick ratio of 1.17. The stock has a market capitalization of $42.37 billion, a P/E ratio of 47.08, a price-to-earnings-growth ratio of 1.75 and a beta of 0.77. Corteva has a 1-year low of $43.22 and a 1-year high of $62.38. The business has a fifty day moving average price of $57.90 and a 200 day moving average price of $55.45.

Corteva Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a $0.17 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.11%. Corteva’s payout ratio is 52.31%.

Analysts Set New Price Targets

A number of research firms have commented on CTVA. Bank of America upgraded Corteva from a “neutral” rating to a “buy” rating and lifted their target price for the company from $59.00 to $67.00 in a research report on Wednesday, October 16th. Wells Fargo & Company cut their price objective on Corteva from $67.00 to $65.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. JPMorgan Chase & Co. cut their price objective on Corteva from $57.00 to $55.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Citigroup began coverage on Corteva in a report on Wednesday, October 23rd. They issued a “buy” rating and a $68.00 price objective on the stock. Finally, Argus downgraded Corteva from a “buy” rating to a “hold” rating in a report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $62.84.

Corteva Company Profile

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.