Berenberg Bank Remains a Hold on Corteva (CTVA)

Berenberg Bank analyst Aron Ceccarelli maintained a Hold rating on Corteva (CTVA – Research Report) yesterday and set a price target of $60.00. The company’s shares closed yesterday at $70.41.

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According to TipRanks, Ceccarelli is a 3-star analyst with an average return of 2.0% and a 50.00% success rate. Ceccarelli covers the Basic Materials sector, focusing on stocks such as Mosaic Co, Nutrien, and Corteva.

In addition to Berenberg Bank, Corteva also received a Hold from Barclays’s Benjamin Theurer in a report issued on May 14. However, on May 13, Bank of America Securities maintained a Buy rating on Corteva (NYSE: CTVA).

CTVA market cap is currently $47.11B and has a P/E ratio of 42.11.

Based on the recent corporate insider activity of 68 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CTVA in relation to earlier this year. Earlier this month, CORNEL B FUERER, the SVP, Chief Legal and Public Affairs Officer, Secretary of CTVA sold 55,242.00 shares for a total of $3,759,770.52.