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Wednesday, December 6, 2023

There’s No Getting Around Corteva Inc (NYSE: CTVA) Success

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Corteva Inc (CTVA) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.42, or -0.89%, to $46.90. The Corteva Inc has recorded 145,226 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Corteva Reports Third Quarter and Year-to-Date 2023 Results, Affirms Full-Year Net Sales and Earnings Guidance.

Stocks Info

CTVA belongs to the Basic Materials sector of the NYSE while operating in the Agricultural Inputs industry. At the end of the last regular session, the stock closed at $47.32 and fluctuated between $47.59 as its day high and $46.81 as its day low. The current market capitalization of Corteva Inc is $33.35B. A total of 3.5 million shares were traded on the day, compared to an average of 4.01M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, CTVA has seen 4 BUY and 0 SELL insider trades, representing the acquisition of 3,418 and the disposition of 0 shares. Over the last 12 months, there were 38 BUYs and 19 SELLs from insiders. Insiders purchased 251,483 shares during that period but sold 70,200.

In the most recent transaction, GLENN TIMOTHY P bought 4,000 shares of CTVA for 45.99 per share on Nov 14. After the transaction, the EVP, Seed Business Unit now owns 163,121 company shares. In a previous transaction on Nov 14, King Robert D. bought 640 shares at 46.77 per share. CTVA shares that EVP, Crop Protection Business owns now total 59,701.

Among the insiders who bought shares, FUERER CORNEL B acquired of 350 shares on Nov 13 at a per-share price of $43.41. This resulted in the SVP, Gen Counsel and Secretary holding 108,006 shares of CTVA after the transaction. In another insider transaction, ANDERSON DAVID J bought 2,000 shares at $52.97 per share on Sep 15. Company shares held by the EVP, Chief Financial Officer now total 65,308.


Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Corteva Inc pays an annual dividend of $0.63, resulting in a dividend yield of 1.34%, and it has a price to earnings (P/E) ratio of 36.37. CTVA’s most recent ex-dividend date was 11/30/2023 when it declared a $0.16 quarterly dividend that was paid in cash on 12/15/2023. Previously, the company paid the dividend on 9/15/2023 with an ex-dividend date of 8/31/2023. The CTVA stock dividend was $0.16 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for CTVA in the last 3 months, the mean price target is $60.17 with high estimates of $82.00 and low estimates of $50.00. In terms of 52-week highs and lows, CTVA has a high of $67.55 and a low of $43.22.

As of this writing, CTVA has an earnings estimate of $0.06 per share for the current quarter. EPS was calculated based on a consensus of 16 estimates, with a high estimate of $0.15 per share and a lower estimate of -$0.03. The company reported an EPS of $1.6 in the last quarter, which was 1.30% higher than expectations of $1.58.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. CTVA’s latest balance sheet shows that the firm has $4.54B in Cash & Short Term Investments as of fiscal 2021. There were $1.12B in debt and $9.56B in liabilities at the time. Its Book Value Per Share was $35.79, while its Total Shareholder’s Equity was $25.62B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CTVA is Buy with a score of 4.55.

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