Corteva stock is trading -18.9% below its average target price of $71.97 after marking a 1.3% during today's afternoon session. Analysts are giving the large-cap Farming company an average rating of buy and target prices ranging from $61.0 to $87.0 per share.
The stock has a very low short interest at 0.9%, and a short ratio of 2.51. The company's insiders own 0.19% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 84.1% of Corteva's shares being owned by this investor type.
Institutions Invested in Corteva
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-03-31 | Vanguard Group, Inc. (The) | 12% | 82,662,369 | $4,824,589,305 |
| 2023-03-31 | Blackrock Inc. | 8% | 56,446,732 | $3,294,513,607 |
| 2023-03-31 | Capital World Investors | 5% | 36,747,462 | $2,144,765,681 |
| 2023-03-31 | State Street Corporation | 5% | 32,767,172 | $1,912,456,048 |
| 2023-03-31 | Aristotle Capital Management, LLC | 4% | 26,898,973 | $1,569,958,604 |
| 2023-03-31 | FMR, LLC | 2% | 17,244,002 | $1,006,446,205 |
| 2023-03-31 | Nuveen Asset Management, LLC | 2% | 16,499,270 | $962,979,921 |
| 2023-03-31 | Geode Capital Management, LLC | 2% | 14,726,824 | $859,531,107 |
| 2023-03-31 | Northern Trust Corporation | 2% | 12,418,659 | $724,815,053 |
| 2023-03-31 | Capital International Investors | 1% | 10,242,913 | $597,827,634 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Corteva.
