The Street Is Finally Waking Up To Corteva Inc (NYSE: CTVA)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Earlier, Yahoo Finance discussed this stock as it revealed Corteva Reports Fourth Quarter and Full-Year 2023 Results, Provides 2024 Guidance.

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Stocks Info

Corteva Inc is listed on the NYSE as a member of the Basic Materials sector and is a part of the Agricultural Inputs industry. The current market capitalization of Corteva Inc is $32.05B. A total of 5.82 million shares were traded on the day, compared to an average of 4.10M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, CTVA has seen 3 BUY and 1 SELL insider trades, representing the acquisition of 4,990 and the disposition of 9,743 shares. Over the last 12 months, there were 34 BUYs and 16 SELLs from insiders. Insiders purchased 151,832 shares during that period but sold 40,936.

In the most recent transaction, Eathington Samuel R bought 1,094 shares of CTVA for 46.07 per share on Nov 28. After the transaction, the insider now owns 41,066 company shares. In a previous transaction on Nov 14, GLENN TIMOTHY P bought 4,000 shares at 45.99 per share. CTVA shares that EVP, Seed Business Unit owns now total 163,121.

Among the insiders who bought shares, King Robert D. acquired of 640 shares on Nov 14 at a per-share price of $46.77. This resulted in the EVP, Crop Protection Business holding 59,701 shares of CTVA after the transaction. In another insider transaction, FUERER CORNEL B bought 350 shares at $43.41 per share on Nov 13. Company shares held by the SVP, Gen Counsel and Secretary now total 108,006.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Corteva Inc pays an annual dividend of $0.71, resulting in a dividend yield of 1.57%, and it has a price to earnings (P/E) ratio of 34.96. CTVA’s most recent ex-dividend date was 2/29/2024 when it declared a $0.16 quarterly dividend that was paid in cash on 3/15/2024. Previously, the company paid the dividend on 12/15/2023 with an ex-dividend date of 11/30/2023. The CTVA stock dividend was $0.16 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, CTVA has a high of $65.21 and a low of $43.22.

As of this writing, CTVA has an earnings estimate of $Corteva, Inc. per share for the current quarter. EPS was calculated based on a consensus of CAVA Group, Inc. estimates, with a high estimate of $CEVA, Inc. per share and a lower estimate of $Coterra Energy Inc.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on 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

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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 4.48.

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