Corteva Stock Intrinsic Value – Royal Bank of Canada Lowers Corteva Price Target to $56.00
November 17, 2023
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The company produces a wide range of products for both agricultural producers and consumers, including seeds, crop protection, and digital solutions. Corteva ($NYSE:CTVA) is one of the market leaders in agricultural technology, and its products are used by farmers across the globe. The company also has an extensive research and development team that works to develop new products and solutions to meet the needs of its customers. Despite this, Corteva remains confident in their long-term prospects and is continuing to invest in product innovation and expansion.
The Royal Bank of Canada’s price target adjustment reflects this confidence and could indicate a positive outlook for Corteva in the future. Investors should keep an eye on Corteva’s developments in the coming months as it looks to build on its current success and continue to be a leader in the agriscience industry.
Stock Price
On Monday, CORTEVA stock opened at $43.4 and closed at $45.3, up by 4.0% from the previous closing price of 43.6. The lowered price target was set based on their analysis of the company’s performance. Although the target was lower than the current market price, investors welcomed the news and drove the stock price higher. Corteva_Price_Target_to_56.00″>Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Corteva. More…
| Total Revenues | Net Income | Net Margin |
| 17.53k | 923 | 8.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Corteva. More…
| Operations | Investing | Financing |
| 6 | -1.74k | 2.08k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Corteva. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 44.19k | 17.73k | 36.95 |
Key Ratios Snapshot
Some of the financial key ratios for Corteva are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 7.7% | 38.4% | 8.1% |
| FCF Margin | ROE | ROA |
| -3.0% | 3.4% | 2.0% |
Analysis – Corteva Stock Intrinsic Value
At GoodWhale, we’ve conducted an analysis of CORTEVA’s fundamentals. Our proprietary Valuation Line has determined that the intrinsic value of CORTEVA share is around $56.8. This means that the current stock price of $45.3 is undervalued by 20.3%. This could represent an attractive opportunity for investors looking to buy into CORTEVA. We believe this may be a good time to invest in CORTEVA, as the stock is trading at a discount to its intrinsic value. Corteva_Price_Target_to_56.00″>More…
Peers
Corteva Inc is an American agriculture company that was formed in 2019. The company specializes in seed and crop protection products. Corteva Inc’s competitors include FMC Corp, Nutrien Ltd, and The Mosaic Co.
– FMC Corp ($NYSE:FMC)
FMC Corporation is a global leader in the agricultural sciences, providing products and services to the agricultural, industrial and consumer markets. The company’s products and services help growers increase yields, improve crop quality and protect crops from pests and disease. FMC’s products also improve the quality of food and other products made from crops.
– Nutrien Ltd ($TSX:NTR)
Nutrien Ltd is a Canadian fertilizer company with a market cap of 60.6B as of 2022. The company has a return on equity of 23.76%, meaning that it is a relatively profitable company. Nutrien produces and sells a variety of fertilizer products, including nitrogen, phosphate, and potash fertilizers. The company also owns and operates a number of mines and processing facilities around the world.
– The Mosaic Co ($NYSE:MOS)
The Mosaic Co is a leading producer and marketer of concentrated phosphate and potash crop nutrients. The company has a market cap of 17.51B as of 2022 and a Return on Equity of 24.22%. The company’s products are used by farmers to improve crop yield and quality. Mosaic is a publicly traded company listed on the New York Stock Exchange.
Summary
Corteva Inc. (CTVA) is a publicly traded agricultural sciences company. Investors have recently seen a drop in the company’s price target from Royal Bank of Canada (RBC) to $56.00. Despite this, the stock price of Corteva Inc. has still moved up on the same day. This movement suggests that investors may still consider CTVA a good buy, as it has not been particularly adversely impacted by the lowered price target.
Analysts are still generally optimistic about the future of the company, citing its strong foothold in the agriculture industry, as well as its ongoing research and development activities. This could potentially result in further growth and expansion in the future.
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