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Berenberg Bank Keeps Their Hold Rating on Corteva (CTVA)

Tipranks - Sat Mar 28, 1:36AM CDT

Berenberg Bank analyst maintained a Hold rating on Corteva yesterday and set a price target of $78.00. The company’s shares closed yesterday at $82.73.

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Currently, the analyst consensus on Corteva is a Moderate Buy with an average price target of $84.18, representing a 1.75% upside. In a report released yesterday, TipRanks – Anthropic also downgraded the stock to a Hold with a $88.00 price target.

Based on Corteva’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $3.91 billion and a GAAP net loss of $552 million. In comparison, last year the company earned a revenue of $3.98 billion and had a GAAP net loss of $41 million

Based on the recent corporate insider activity of 69 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. Last month, BRIAN TITUS, the VP, Controller and Principal Accounting Officer of CTVA sold 8,311.00 shares for a total of $636,170.16.

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