Monness Crespi & Hardt Begins Coverage on Corteva (NASDAQ:CTVA)

Monness Crespi & Hardt began coverage on shares of Corteva (NASDAQ:CTVA) in a report released on Wednesday morning, BenzingaRatingsTable reports. The brokerage issued a sell rating and a $24.00 price objective on the stock.

Several other equities research analysts also recently weighed in on the company. BMO Capital Markets initiated coverage on Corteva in a report on Sunday, June 2nd. They set an outperform rating and a $37.00 price target for the company. Goldman Sachs Group reaffirmed a buy rating on shares of WPP in a report on Monday, June 3rd. Jefferies Financial Group initiated coverage on in a report on Wednesday, May 29th. They set a buy rating and a $36.00 price target for the company. Barclays reaffirmed a buy rating and set a $65.00 price target on shares of Owens Corning in a report on Monday, July 1st. Finally, Loop Capital initiated coverage on Corteva in a report on Monday, July 1st. They set a hold rating and a $31.00 price target for the company. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company’s stock. Corteva currently has a consensus rating of Hold and a consensus price target of $30.79.

CTVA stock opened at $27.39 on Wednesday. Corteva has a twelve month low of $24.35 and a twelve month high of $32.00. The company has a 50 day moving average price of $27.27.



The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Wednesday, July 31st will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.90%. The ex-dividend date is Tuesday, July 30th.

In other Corteva news, Director Gregory R. Page acquired 2,000 shares of the business’s stock in a transaction on Monday, June 3rd. The stock was purchased at an average price of $25.49 per share, for a total transaction of $50,980.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

A number of large investors have recently added to or reduced their stakes in CTVA. Neville Rodie & Shaw Inc. bought a new stake in shares of Corteva in the 2nd quarter worth about $1,659,000. Park National Corp OH bought a new stake in shares of Corteva in the 2nd quarter worth about $1,981,000. Private Asset Management Inc. bought a new stake in shares of Corteva in the 2nd quarter worth about $654,000. Fulton Bank N.A. bought a new stake in shares of Corteva in the 2nd quarter worth about $208,000. Finally, Summit Financial Group Inc. bought a new stake in shares of Corteva in the 2nd quarter worth about $422,000.

Further Reading: Dividend

Analyst Recommendations for Corteva (NASDAQ:CTVA)

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