Deutsche Bank Boosts Corteva (NASDAQ:CTVA) Price Target to $35.00

Corteva (NASDAQ:CTVA) had its price target hoisted by Deutsche Bank from $32.00 to $35.00 in a research note published on Friday, The Fly reports. They currently have a buy rating on the stock.

Other equities research analysts also recently issued reports about the company. Jefferies Financial Group began coverage on Corteva in a report on Wednesday, May 29th. They issued a buy rating for the company. Nomura began coverage on Corteva in a report on Monday, June 10th. They issued a neutral rating and a $28.00 price target for the company. Sanford C. Bernstein began coverage on Corteva in a report on Wednesday, June 5th. They issued a market perform rating and a $31.00 price target for the company. Barclays began coverage on Corteva in a report on Monday, July 1st. They issued an equal weight rating and a $32.00 price target for the company. Finally, Morgan Stanley began coverage on Corteva in a report on Monday, June 3rd. They issued an equal weight rating and a $32.00 price target for the company. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. Corteva has an average rating of Hold and an average target price of $31.21.

Shares of NASDAQ CTVA traded down $1.16 during trading on Friday, reaching $30.31. The stock had a trading volume of 1,053,927 shares, compared to its average volume of 7,128,649. Corteva has a one year low of $24.35 and a one year high of $32.78. The stock has a 50 day simple moving average of $27.99.

Corteva (NASDAQ:CTVA) last issued its quarterly earnings results on Thursday, August 1st. The company reported $1.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.43. The firm had revenue of $5.56 billion during the quarter, compared to the consensus estimate of $5.47 billion. The company’s revenue for the quarter was down 3.1% on a year-over-year basis.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Wednesday, July 31st will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Tuesday, July 30th. This represents a $0.52 dividend on an annualized basis and a yield of 1.72%.

In related news, Director Gregory R. Page acquired 2,000 shares of Corteva stock in a transaction that occurred on Monday, June 3rd. The stock was acquired at an average price of $25.49 per share, for a total transaction of $50,980.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Large investors have recently added to or reduced their stakes in the stock. Bridge Creek Capital Management LLC acquired a new position in Corteva during the 2nd quarter worth $5,559,000. First Citizens Bank & Trust Co. acquired a new position in Corteva during the 2nd quarter worth $253,000. Gemmer Asset Management LLC acquired a new position in Corteva during the 2nd quarter worth $68,000. Landsberg Bennett & Dubbaneh LLC acquired a new position in Corteva during the 2nd quarter worth $565,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund acquired a new position in Corteva during the 2nd quarter worth $6,955,000.

Read More: Moving Average – How it Helps Investors in Stock Selection

The Fly

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.