J.P. Morgan Sticks to Its Hold Rating for Corteva (CTVA)
In a report released yesterday, Jeffrey Zekauskas from J.P. Morgan maintained a Hold rating on Corteva. The company’s shares closed yesterday at $76.31.
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Zekauskas covers the Basic Materials sector, focusing on stocks such as Corteva, Cf Industries Holdings, and Albemarle. According to TipRanks, Zekauskas has an average return of 4.9% and a 57.69% success rate on recommended stocks.
In addition to J.P. Morgan, Corteva also received a Hold from TipRanks – Anthropic’s Anthropic Agricultural Inputs in a report issued on March 4. However, on the same day, TipRanks – OpenAI reiterated a Buy 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 $3.91 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.
Read More on CTVA:
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- Corteva downgraded to Mixed from Positive view at BWG Global
- Corteva price target raised to $82 from $80 at Mizuho
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- Corteva: Solid Seed Growth Offset by Spin-Related Risks and Limited Near-Term Upside, Justifying a Hold Rating
