Corteva (NASDAQ:CTVA) Coverage Initiated at Loop Capital

Equities research analysts at Loop Capital began coverage on shares of Corteva (NASDAQ:CTVA) in a note issued to investors on Monday, Marketbeat Ratings reports. The brokerage set a “hold” rating and a $31.00 price target on the stock. Loop Capital’s price target suggests a potential upside of 6.93% from the stock’s current price.

A number of other brokerages have also weighed in on CTVA. Barclays initiated coverage on Corteva in a report on Monday. They issued an “equal weight” rating and a $32.00 price objective on the stock. Sanford C. Bernstein initiated coverage on shares of Corteva in a research report on Wednesday, June 5th. They set a “market perform” rating and a $31.00 price target for the company. Macquarie initiated coverage on shares of Corteva in a research report on Tuesday, June 4th. They set an “outperform” rating for the company. JPMorgan Chase & Co. initiated coverage on shares of Corteva in a research report on Friday, June 21st. They set an “overweight” rating and a $30.00 price target for the company. Finally, Argus initiated coverage on shares of Corteva in a research report on Thursday, June 20th. They set a “hold” rating for the company. Ten investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $31.31.

Shares of CTVA opened at $28.99 on Monday. Corteva has a twelve month low of $24.35 and a twelve month high of $32.00.

In related news, Director Gregory R. Page purchased 2,000 shares of Corteva stock in a transaction dated Monday, June 3rd. The stock was bought at an average cost 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 at the SEC website.

Several institutional investors have recently modified their holdings of the stock. Private Asset Management Inc. acquired a new position in shares of Corteva during the 2nd quarter worth approximately $654,000. Neville Rodie & Shaw Inc. acquired a new position in shares of Corteva during the 2nd quarter worth approximately $1,659,000. Finally, Park National Corp OH acquired a new position in shares of Corteva during the 2nd quarter worth approximately $1,981,000.

Further Reading: Using the New Google Finance Tool

Analyst Recommendations for Corteva (NASDAQ:CTVA)

Receive News & Ratings for Corteva Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Corteva and related companies with MarketBeat.com's FREE daily email newsletter.