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Corteva (CTVA): New Buy Recommendation for This Basic Materials Giant

Tipranks - Fri Jun 12, 9:00PM CDT

RBC Capital analyst Arun Viswanathan maintained a Buy rating on Corteva yesterday and set a price target of $97.00.

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Viswanathan covers the Basic Materials sector, focusing on stocks such as PPG Industries, RPM International, and Sherwin-Williams Company. According to TipRanks, Viswanathan has an average return of 0.9% and a 48.90% success rate on recommended stocks.

In addition to RBC Capital, Corteva also received a Buy from Barclays’s Benjamin Theurer in a report issued yesterday. However, on June 9, UBS assigned a Hold rating to Corteva (NYSE: CTVA).

Based on Corteva’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $4.91 billion and a net profit of $720 million. In comparison, last year the company earned a revenue of $4.42 billion and had a net profit of $652 million

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