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New Buy Rating for Corteva (CTVA), the Basic Materials Giant
New Buy Rating for Corteva (CTVA), the Basic Materials Giant

Business Insider

time10-05-2025

  • Business
  • Business Insider

New Buy Rating for Corteva (CTVA), the Basic Materials Giant

Oppenheimer analyst Kristen Owen maintained a Buy rating on Corteva (CTVA – Research Report) yesterday and set a price target of $75.00. The company's shares closed yesterday at $67.79. Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. According to TipRanks, Owen is a 3-star analyst with an average return of 3.0% and a 50.32% success rate. Owen covers the Industrials sector, focusing on stocks such as Agco, Deere, and Caterpillar. In addition to Oppenheimer, Corteva also received a Buy from Citi's Patrick Cunningham in a report issued yesterday. However, on May 8, Barclays maintained a Hold rating on Corteva (NYSE: CTVA). Based on Corteva's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $3.98 billion and a GAAP net loss of $41 million. In comparison, last year the company earned a revenue of $3.71 billion and had a GAAP net loss of $253 million Based on the recent corporate insider activity of 70 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CTVA in relation to earlier this year. Most recently, in February 2025, BRIAN TITUS, the VP, Controller and Principal Accounting Officer of CTVA sold 26,560.00 shares for a total of $1,692,934.40.

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