Corteva stock is trading -12.61% below its average target price of $61.52 after dropping -4.8% during today's afternoon session. Analysts are giving the Large-Cap Farming company an average rating of buy and target prices ranging from $53.0 to $67.0 per share.
The stock has a very low short interest at 1.5%, and a short ratio of 2.57. At 0.09%, the company's rate of insider ownership does not indicate that management is heavily invested in the corporation. Finally, we also note that a significant number of institutional investors are invested in the stock, with 82.6% of Corteva's shares being owned by this investor type.
Institutions Invested in Corteva
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-12-31 | Vanguard Group Inc | 12% | 80,340,862 | $4,319,124,606 |
| 2023-12-31 | Blackrock Inc. | 8% | 53,895,841 | $2,897,440,321 |
| 2023-12-31 | State Street Corporation | 5% | 32,556,141 | $1,750,218,085 |
| 2023-12-31 | Capital International Investors | 4% | 25,758,735 | $1,384,789,550 |
| 2023-12-31 | Aristotle Capital Management, LLC | 4% | 25,343,464 | $1,362,464,582 |
| 2023-12-31 | Geode Capital Management, LLC | 2% | 15,455,976 | $830,913,243 |
| 2023-12-31 | Massachusetts Financial Services Co. | 2% | 13,236,504 | $711,594,432 |
| 2023-12-31 | Northern Trust Corporation | 2% | 12,815,795 | $688,977,117 |
| 2023-12-31 | Nuveen Asset Management, LLC | 2% | 12,704,984 | $683,019,918 |
| 2023-12-31 | Independent Franchise Partners, LLP | 2% | 12,289,093 | $660,661,619 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Corteva.
