Q2 2019 EPS Estimates for Corteva (NASDAQ:CTVA) Lowered by Jefferies Financial Group
Corteva (NASDAQ:CTVA) – Investment analysts at Jefferies Financial Group decreased their Q2 2019 earnings estimates for shares of Corteva in a research note issued to investors on Tuesday, July 9th. Jefferies Financial Group analyst L. Alexander now anticipates that the company will earn $0.80 per share for the quarter, down from their prior forecast of $0.92. Jefferies Financial Group currently has a “Buy” rating on the stock. Jefferies Financial Group also issued estimates for Corteva’s FY2019 earnings at $0.90 EPS and Q1 2020 earnings at $0.47 EPS.
A number of other analysts have also recently commented on the stock. Argus assumed coverage on shares of Corteva in a research note on Thursday, June 20th. They set a “hold” rating on the stock. Barclays restated a “buy” rating and set a $65.00 price target on shares of Owens Corning in a research note on Monday, July 1st. Deutsche Bank upgraded shares of Corteva from a “hold” rating to a “buy” rating and upped their price target for the company from $30.00 to $32.00 in a research note on Sunday, June 16th. UBS Group dropped their price target on shares of Caterpillar from $125.00 to $115.00 and set a “sell” rating on the stock in a research note on Tuesday, June 4th. Finally, Loop Capital assumed coverage on shares of Corteva in a research note on Monday, July 1st. They set a “hold” rating and a $31.00 price target on the stock. Ten analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $31.31.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Truewealth LLC bought a new position in shares of Corteva in the 2nd quarter worth $36,000. Legacy Bridge LLC bought a new position in shares of Corteva in the 2nd quarter worth $53,000. Country Trust Bank bought a new position in shares of Corteva in the 2nd quarter worth $64,000. First PREMIER Bank bought a new position in shares of Corteva in the 2nd quarter worth $66,000. Finally, Investors Research Corp bought a new position in shares of Corteva in the 2nd quarter worth $73,000.
In other news, Director Gregory R. Page bought 2,000 shares of the stock in a transaction on Monday, June 3rd. The shares were acquired at an average cost of $25.49 per share, for a total transaction of $50,980.00. The transaction was disclosed in a filing with the SEC, which is available through this link.
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