Corteva Q3: Lower Commodity And Raw Material Costs Ahead, Potential Margin Expansion [Seeking Alpha]
Corteva, Inc. (CTVA)
Last corteva, inc. earnings: 1/30 06:00 am
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Source: Seeking Alpha
5min Summary I reiterate a 'Buy' rating for Corteva with a fair value target of $68 per share, driven by anticipated margin expansion and end-market recovery. Corteva's Q3 results showed weak growth in Latin America, but benefits from raw material cost deflation and cost management are expected to enhance margins in FY25. Management forecasts a flat crop protection market for FY25, with significant cost reductions from lower seed commodity costs and deflationary raw materials. Despite near-term price/mix challenges, lower input costs could be a major catalyst for margin expansion, supporting the stock's undervaluation and 'Buy' recommendation. Drs Producoes I upgraded Corteva ( NYSE: CTVA ) to a ‘Buy' in February 2024, highlighting the potential of end-market recovery and margin expansion. Corteva's Q3 result showed a weak growth in Latin America within their Seed business segment. However, I This article was written by Lighting Rock Research 1.64K Follower s Fo
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CTVA
News
- Corteva, Inc. (NYSE: CTVA) had its price target raised by analysts at KeyCorp from $66.00 to $69.00. They now have an "overweight" rating on the stock.MarketBeat
- CTVA Announces Financial Framework & New $3-B Share Repurchase Plan [Yahoo! Finance]Yahoo! Finance
- Corteva, Inc. (NYSE: CTVA) had its price target raised by analysts at Bank of America Co. from $67.00 to $69.00. They now have a "buy" rating on the stock.MarketBeat
- Corteva, Inc. (NYSE: CTVA) had its price target raised by analysts at Wells Fargo & Company from $65.00 to $67.00. They now have an "overweight" rating on the stock.MarketBeat
- Corteva Highlights Breakthrough Innovation, Unveils New Financial Framework [Yahoo! Finance]Yahoo! Finance
CTVA
Earnings
- 11/6/24 - Miss
CTVA
Sec Filings
- 11/7/24 - Form 10-Q
- 11/6/24 - Form 8-K
- 11/4/24 - Form 4
- CTVA's page on the SEC website