After this afternoon's -1.3% drop to $65.27 per share, Corteva might just keep moving past its target price of $67.09. With an average analyst rating of buy, and target prices from $57.0 to $74.0, the stock's next move is anyone's guess.
The stock has a very low short interest at 1.8%, and a short ratio of 3.4. At 0.1%, 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 86.0% of Corteva's shares being owned by this investor type.
Institutions Invested in Corteva
Date Reported | Holder | Percentage | Shares | Value |
---|---|---|---|---|
2024-09-30 | Vanguard Group Inc | 11% | 78,528,388 | $5,125,547,621 |
2024-09-30 | Blackrock Inc. | 8% | 53,097,744 | $3,465,689,572 |
2024-09-30 | State Street Corporation | 5% | 34,290,086 | $2,238,113,798 |
2024-09-30 | Capital International Investors | 4% | 24,810,425 | $1,619,376,356 |
2024-09-30 | Aristotle Capital Management, LLC | 3% | 23,730,796 | $1,548,908,975 |
2024-09-30 | Geode Capital Management, LLC | 3% | 17,703,771 | $1,155,525,073 |
2024-09-30 | Franklin Resources, Inc. | 2% | 14,788,607 | $965,252,329 |
2024-09-30 | Harris Associates L.P. | 2% | 14,362,309 | $937,427,860 |
2024-09-30 | Nuveen Asset Management, LLC | 2% | 14,101,261 | $920,389,258 |
2024-09-30 | Massachusetts Financial Services Co. | 2% | 13,020,542 | $849,850,732 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Corteva.