Corteva Inc (CTVA) Stock Forecast & Predictions

Corteva Inc CTVA: $48.08

974 Centre Rd Bldg 735, Wilmington, Delaware, US. | Sector: Manufacturing | Exchange: NEW YORK STOCK EXCHANGE, INC. | Web: https://www.corteva.com

  • Market Cap$35.76B
  • Change (52 Weeks)96.90%
  • Low (52 Weeks)$22
  • Corteva Inc (CTVA) Forecast Based on Technical Analysis


    Neutral
    Based on 15 Technical Indicators where 20.00% are on Buy, 26.67% on Sell, and 53.33% Neutral.

    According to the market data, Corteva Inc (CTVA) stock price is $48.08 and the 52 weeks low is $22, which means the Corteva Inc stock price is up 96.90% in the last 12 months.

    Corteva Inc (CTVA) Stock Price has been Trending Strongly with an ADX reading of 29.62 as per the Weekly Chart.

    A Upward trend indicates that Corteva Inc (CTVA) Stock Price may keep going up, with temporary Retracement (the process of stock price bouncing because of short term profit taking by the traders and investors).

    Technical Indicators are algorithms that are used mostly by Technical traders to predict the price action of a stock.

    Based on our analysis of 15 technical indicators, 20.00% are indicating that CTVA Stock price might rise further, 26.67% indicating that CTVA Stock price might fall, and 53.33% are in a neutral position.

    Based on these technical algorithms, overall CTVA stock price has a Neutral Signal, which means the stock price has the potential to move either up or down, depending on the nature of consolidating market phase, since majority of indicators are providing a neutral signal.

    Corteva Inc (CTVA) Stock Forecast By Analysts


    Strong Buy
    Analysts Recommendations for Corteva Inc (CTVA) is based on 29 Institutional Analyst Ratings where 37.93% are on Strong Buy, 24.14% on Moderate Buy, 31.03% remains on Hold, 3.45% are on Moderate Sell and 3.45% are on Strong Sell.

    Out of 29 Institutional Analysts, majority recommended CTVA stock as Strong Buy. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of Corteva Inc.

    Corteva Inc (CTVA) Stock Price Prediction By Analysts


    HighLowAverage
    $57.75$32.32$48.91
    $48.911.72% Upside
    Updated: 2021-04-22 00:00:00

    The Average Price target for CTVA set by the institutional analysts is $48.91 where High Estimate is $57.75, Median $51 and Low $32.32.

    The average price target for CTVA by Institutional Analysts is $48.91, which is 1.72% Upside from the current price. So according to the Institutional Analysts, CTVA Stock might be a bit undervalued at this stage and there’s potential for upside.

    However, although Institutional Analysts set their price targets after extensive research, they’re not always correct. After all, the market is mostly driven by investors speculation and emotion than just concrete numbers.

    Corteva Inc (CTVA) Stock Forecast Based on News Sentiment


    Neutral
    Based on 5 articles published Last Week, where 50.00% are Bullish and 50.00% are Bearish.

    According to the news articles published last week, journalists and bloggers had a mixed sentiment of CTVA consisting of positive and negative, it shows that Corteva Inc had a neutral news coverage.

    Neutral news coverage usually doesn't affect short-term price of a stock, so CTVA stock price most likey won't have any reaction to last weeks news coverage.

    Corteva Inc (CTVA) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    Loop CapitalBuyUpgraded
    KeybancOverweightMaintained
    Morgan StanleyOverweightMaintained
    KeyBancOverweightMaintained
    JP MorganOverweightUpgraded
    Credit SuisseNeutralMaintained
    RedburnNeutralDowngraded
    KeyBancOverweightMaintained
    Morgan StanleyOverweightUpgraded
    Morgan StanleyEqual-WeightMaintained
    KeyBancOverweightMaintained
    Credit SuisseNeutralMaintained
    BMO CapitalOutperformMaintained
    Exane BNP ParibasUnderperformDowngraded
    KeyBancOverweightMaintained
    KeyBancOverweightUpgraded
    B of A SecuritiesNeutralDowngraded
    Credit SuisseNeutralMaintained
    B of A SecuritiesBuyUpgraded
    Morgan StanleyEqual-WeightMaintained
    RBC CapitalOutperformMaintained
    BarclaysEqual-WeightMaintained
    B of A SecuritiesUnderperformDowngraded
    Deutsche BankBuyMaintained
    CitigroupBuyMaintained
    Credit SuisseNeutralMaintained
    Loop CapitalHoldUpgraded
    B of A SecuritiesNeutralDowngraded
    Exane BNP ParibasOutperformUpgraded
    SusquehannaPositiveUpgraded
    Morgan StanleyEqual-WeightMaintained
    KeyBancSector WeightInitiated
    Edward JonesBuyUpgraded
    SusquehannaNeutralDowngraded
    JP MorganNeutralUpgraded
    Loop CapitalSellDowngraded
    BernsteinOutperformUpgraded
    JP MorganUnderweightDowngraded
    UBSBuyMaintained
    RedburnBuyInitiated
    JP MorganNeutralDowngraded
    SunTrust Robinson HumphreyHoldMaintained
    CitigroupBuyMaintained
    CitiBuyUpgraded
    RBC CapitalOutperformUpgraded
    Monness Crespi HardtSellInitiated
    Loop CapitalHoldInitiated
    BarclaysEqual-WeightInitiated
    RBC CapitalSector PerformInitiated
    Deutsche BankBuyUpgraded
    NomuraNeutralInitiated
    BernsteinMarket PerformInitiated
    UBSBuyInitiated
    CitigroupNeutralInitiated

    Corteva Inc (CTVA) Stock Earning Per Share (EPS) Forecast / Estimate


    $1.417
    The average consensus EPS for CTVA is $1.417 with a high estimate of $1.628 and Low of $1.264 for the period 2021-06-30 and based on 19 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $-0.39$-0.43065422020-09-30


    The latest average Earning Per Share Estimate for Corteva Inc is $1.42, which is higher than CTVA's last EPS, $-0.39. This means that Analysts are expecting Corteva Inc to report higher earnings. This can drive share prices higher since the investors have positive sentiment about market performance of Corteva Inc.

    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $-0.39$-0.43065422020-09-30
    $1.26$1.26509579999999992020-06-30
    $0.59$0.4070822020-03-31
    $0.07$-0.12294062019-12-31
    $-0.39$-0.466652019-09-30
    $1.42$1.01492019-06-30

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).