KeyBanc analyst Aleksey Yefremov maintained a Buy rating on Corteva (CTVA) today and set a price target of $51.00. The company’s shares closed last Thursday at $42.66, close to its 52-week high of $44.96.
According to TipRanks.com, Yefremov is a 4-star analyst with an average return of 14.3% and a 65.4% success rate. Yefremov covers the Basic Materials sector, focusing on stocks such as Axalta Coating Systems, Pq Group Holdings, and Eastman Chemical.
Corteva has an analyst consensus of Moderate Buy, with a price target consensus of $44.73, a 6.9% upside from current levels. In a report released today, J.P. Morgan also upgraded the stock to Buy with a $51.00 price target.
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Based on Corteva’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.86 billion and GAAP net loss of $392 million. In comparison, last year the company earned revenue of $2.98 billion and had a GAAP net loss of $21 million.
Based on the recent corporate insider activity of 49 insiders, corporate insider sentiment is neutral on the stock.
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Corteva, Inc. is a holding company, which engages in the provision of agricultural products. It operates through the Seed and Crop Protection segments. The Seed segment develops and supplies germplasm and traits that produce optimum yield for farms. The Crop Protection segment serves the global agricultural input industry with products that protect against weeds, insects and other pests, and disease, and that improve overall crop health both above and below ground via nitrogen management and seed-applied technologies. Its services include pasture and land management, and pest management. The company was founded on March 16, 2018 and is headquartered in Wilmington, DE.
