Barclays Reaffirms Their Buy Rating on Corteva (CTVA)

In a report released yesterday, Benjamin Theurer from Barclays maintained a Buy rating on Corteva, with a price target of $84.00. The company’s shares closed yesterday at $65.09.

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According to TipRanks, Theurer is a 3-star analyst with an average return of 3.0% and a 48.11% success rate. Theurer covers the Consumer Defensive sector, focusing on stocks such as Hormel Foods, Coca Cola Femsa SAB De CV, and Tyson Foods.

Corteva has an analyst consensus of Strong Buy, with a price target consensus of $78.31, implying a 20.31% upside from current levels. In a report released on December 4, Jefferies also maintained a Buy rating on the stock with a $85.00 price target.

Based on Corteva’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $2.62 billion and a GAAP net loss of $320 million. In comparison, last year the company earned a revenue of $2.33 billion and had a GAAP net loss of $524 million