Corteva Stock Buy Hold or Sell Recommendation

CTVA Stock  USD 57.00  0.70  1.24%   
Given the investment horizon of 90 days and your above-average risk tolerance, our recommendation regarding Corteva is 'Hold'. Macroaxis provides Corteva buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding Corteva positions. The advice algorithm takes into account all of Corteva's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Corteva's buy or sell advice are summarized below:
Real Value
57.4
Target Price
68.63
Hype Value
57.16
Market Value
57
Naive Value
58.78
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Corteva given historical horizon and risk tolerance towards Corteva. When Macroaxis issues a 'buy' or 'sell' recommendation for Corteva, the advice is generated through an automated system that utilizes algorithms and statistical models.
  
Check out Corteva Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool.
For information on how to trade Corteva Stock refer to our How to Trade Corteva Stock guide.
In addition, we conduct extensive research on individual companies such as Corteva and provide practical buy, sell, or hold advice based on investors' investing horizon and their risk tolerance towards Corteva. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real.

Execute Corteva Buy or Sell Advice

The Corteva recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Corteva. Macroaxis does not own or have any residual interests in Corteva or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Corteva's advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell CortevaBuy Corteva
Hold

Market Performance

OKDetails

Volatility

Very steadyDetails

Hype Condition

Low keyDetails

Current Valuation

Fairly ValuedDetails

Odds Of Distress

Very LowDetails

Economic Sensitivity

Hyperactively responds to market trendsDetails

Investor Sentiment

InterestedDetails

Analyst Consensus

Strong BuyDetails

Financial Strenth (F Score)

HealthyDetails

Financial Leverage

InapplicableDetails

Reporting Quality (M-Score)

Unlikely ManipulatorDetails
For the selected time horizon Corteva has a Risk Adjusted Performance of 0.0761, Jensen Alpha of 0.0537, Total Risk Alpha of (0.27), Sortino Ratio of 0.1681 and Treynor Ratio of 0.1505
Our advice module provides unbiased investment recommendation that can be used to complement current average analyst sentiment on Corteva. Our advice engine provides an advice for the firm potential to grow from the perspective of an investor's risk tolerance and investing horizon. To make sure Corteva is not overpriced, please confirm all Corteva fundamentals, including its total debt, target price, and the relationship between the ebitda and cash flow from operations . Given that Corteva has a price to earning of 29.88 X, we suggest you to validate Corteva market performance and probability of bankruptcy to ensure the company can sustain itself in the current economic cycle given your prevailing risk tolerance and investing horizon.

Corteva Trading Alerts and Improvement Suggestions

Over 83.0% of the company shares are held by institutions such as insurance companies
On 15th of March 2024 Corteva paid $ 0.16 per share dividend to its current shareholders
Latest headline from finance.yahoo.com: Ducera Growth Ventures Announces Strategic Collaboration with Corteva Catalyst

Corteva Returns Distribution Density

The distribution of Corteva's historical returns is an attempt to chart the uncertainty of Corteva's future price movements. The chart of the probability distribution of Corteva daily returns describes the distribution of returns around its average expected value. We use Corteva price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Corteva returns is essential to provide solid investment advice for Corteva.
Mean Return
0.32
Value At Risk
-1.58
Potential Upside
2.69
Standard Deviation
2.59
   Return Density   
       Distribution  
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Corteva historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

Corteva Stock Institutional Investors

Have you ever been surprised when a price of an equity instrument such as Corteva is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Corteva backward and forwards among themselves. Corteva's institutional investor refers to the entity that pools money to purchase Corteva's securities or originates loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Shares
Harris Associates L.p.2023-12-31
M
Putnam Investments Llc2023-12-31
M
Morgan Stanley - Brokerage Accounts2023-12-31
8.7 M
Van Eck Associates Corporation2023-12-31
8.5 M
Amvescap Plc.2023-12-31
8.3 M
Fmr Inc2023-12-31
8.3 M
State Farm Mutual Automobile Ins Co2023-12-31
7.6 M
Wcm Investment Management2023-12-31
7.1 M
Capital World Investors2023-12-31
7.1 M
Vanguard Group Inc2023-12-31
80.3 M
Blackrock Inc2023-12-31
53.9 M
Note, although Corteva's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Corteva Cash Flow Accounts

201920202021202220232024 (projected)
Change To Inventory74M104M(422M)(1.7B)57M59.9M
Investments(904M)(275M)137M(632M)(2.0B)(1.9B)
Change In Cash(2.9B)1.7B963M(1.2B)(460M)(437M)
Net Borrowings(7.7B)2.4B11M(13M)(11.7M)(12.3M)
Depreciation1.6B1.2B1.2B1.2B1.2B1.4B
Dividends Paid511M388M397M418M439M693.5M
Capital Expenditures1.2B475M573M605M595M728.4M
Net Income(941M)701M1.8B1.2B941M988.1M
Change To Netincome1.6B62M(357M)(142M)(163.3M)(155.1M)
End Period Cash Flow2.2B3.9B4.8B3.6B3.2B3.5B
Free Cash Flow(93M)1.6B2.2B267M1.2B746.7M
Other Non Cash Items736M563M198M326M765M528.9M

Corteva Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Corteva or Chemicals sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Corteva's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Corteva stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over NYSE Composite
0.05
β
Beta against NYSE Composite2.05
σ
Overall volatility
2.69
Ir
Information ratio 0.07

Corteva Volatility Alert

Corteva has relatively low volatility with skewness of 5.82 and kurtosis of 41.55. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Corteva's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Corteva's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.

Corteva Fundamentals Vs Peers

Comparing Corteva's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Corteva's direct or indirect competition across all of the common fundamentals between Corteva and the related equities. This way, we can detect undervalued stocks with similar characteristics as Corteva or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Corteva's fundamental indicators could also be used in its relative valuation, which is a method of valuing Corteva by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare Corteva to competition
FundamentalsCortevaPeer Average
Return On Equity0.037-0.31
Return On Asset0.0293-0.14
Profit Margin0.04 %(1.27) %
Operating Margin0.02 %(5.51) %
Current Valuation39.09 B16.62 B
Shares Outstanding698.88 M571.82 M
Shares Owned By Insiders0.09 %10.09 %
Shares Owned By Institutions82.60 %39.21 %
Number Of Shares Shorted6.73 M4.71 M
Price To Earning29.88 X28.72 X
Price To Book1.57 X9.51 X
Price To Sales2.28 X11.42 X
Revenue17.23 B9.43 B
Gross Profit7.03 B27.38 B
EBITDA941 M3.9 B
Net Income941 M570.98 M
Cash And Equivalents2.66 B2.7 B
Cash Per Share3.69 X5.01 X
Total Debt2.49 B5.32 B
Debt To Equity0.08 %48.70 %
Current Ratio1.88 X2.16 X
Book Value Per Share35.70 X1.93 K
Cash Flow From Operations1.77 B971.22 M
Short Ratio1.55 X4.00 X
Earnings Per Share1.30 X3.12 X
Price To Earnings To Growth2.46 X4.89 X
Target Price60.9
Number Of Employees22.5 K18.84 K
Beta0.77-0.15
Market Capitalization39.35 B19.03 B
Total Asset43 B29.47 B
Retained Earnings(41 M)9.33 B
Working Capital5.85 B1.48 B
Note: Payment of 126 shares by Brian Titus of Corteva subject to Rule 16b-3 [view details]

Corteva Market Momentum

Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Corteva . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.

About Corteva Buy or Sell Advice

When is the right time to buy or sell Corteva? Buying financial instruments such as Corteva Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
 2021 2022 2023 2024 (projected)
Non Currrent Assets Other1.8B1.7B1.5B1.5B
Non Current Assets Total26.8B25.8B26.7B22.0B

Use Investing Ideas to Build Portfolios

In addition to having Corteva in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Recreation Thematic Idea Now

Recreation
Recreation Theme
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Recreation theme has 34 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Recreation Theme or any other thematic opportunities.
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When determining whether Corteva offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Corteva's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Corteva Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Corteva Stock:
Check out Corteva Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool.
For information on how to trade Corteva Stock refer to our How to Trade Corteva Stock guide.
You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.

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When running Corteva's price analysis, check to measure Corteva's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Corteva is operating at the current time. Most of Corteva's value examination focuses on studying past and present price action to predict the probability of Corteva's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Corteva's price. Additionally, you may evaluate how the addition of Corteva to your portfolios can decrease your overall portfolio volatility.
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Is Corteva's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Corteva. If investors know Corteva will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Corteva listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.25)
Dividend Share
0.63
Earnings Share
1.3
Revenue Per Share
24.296
Quarterly Revenue Growth
(0.03)
The market value of Corteva is measured differently than its book value, which is the value of Corteva that is recorded on the company's balance sheet. Investors also form their own opinion of Corteva's value that differs from its market value or its book value, called intrinsic value, which is Corteva's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Corteva's market value can be influenced by many factors that don't directly affect Corteva's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Corteva's value and its price as these two are different measures arrived at by different means. Investors typically determine if Corteva is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Corteva's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.