Corteva (CTVA): New Buy Recommendation for This Basic Materials Giant

In a report released today, Patrick Cunningham from Citi maintained a Buy rating on Corteva (CTVA – Research Report), with a price target of $85.00. The company’s shares closed yesterday at $73.24.

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Cunningham covers the Basic Materials sector, focusing on stocks such as LyondellBasell, Olin, and Sherwin-Williams Company. According to TipRanks, Cunningham has an average return of -2.9% and a 42.31% success rate on recommended stocks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Corteva with a $74.93 average price target, which is a 2.31% upside from current levels. In a report released on June 22, Wells Fargo also reiterated a Buy rating on the stock with a $82.00 price target.

The company has a one-year high of $74.96 and a one-year low of $50.30. Currently, Corteva has an average volume of 3.93M.

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. Last 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.