Corteva stock is trading -7.03% below its average target price of $63.25 after marking a 2.6% during today's morning session. Analysts are giving the Large-Cap Farming company an average rating of buy and target prices ranging from $55.0 to $70.0 per share.
The stock has a very low short interest at 1.5%, and a short ratio of 2.73. 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 84.7% of Corteva's shares being owned by this investor type.
Institutions Invested in Corteva
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-06-30 | Vanguard Group Inc | 11% | 78,394,146 | $4,609,967,779 |
| 2024-06-30 | Blackrock Inc. | 8% | 53,658,621 | $3,155,395,224 |
| 2024-06-30 | State Street Corporation | 5% | 33,521,567 | $1,971,235,757 |
| 2024-06-30 | Aristotle Capital Management, LLC | 3% | 24,096,444 | $1,416,991,396 |
| 2024-06-30 | Capital International Investors | 3% | 20,062,108 | $1,179,752,267 |
| 2024-06-30 | Geode Capital Management, LLC | 3% | 17,348,565 | $1,020,182,370 |
| 2024-06-30 | Nuveen Asset Management, LLC | 2% | 14,400,558 | $846,824,817 |
| 2024-06-30 | Harris Associates L.P. | 2% | 14,161,392 | $832,760,660 |
| 2024-06-30 | Franklin Resources, Inc. | 2% | 13,932,600 | $819,306,547 |
| 2024-06-30 | Massachusetts Financial Services Co. | 2% | 13,024,492 | $765,905,256 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Corteva.
