|Bid||0.00 x 800|
|Ask||0.00 x 3100|
|Day's Range||30.16 - 30.68|
|52 Week Range||30.16 - 102.34|
|Beta (3Y Monthly)||1.38|
|PE Ratio (TTM)||7.20|
|Forward Dividend & Yield||3.84 (4.19%)|
|1y Target Est||N/A|
Seven chemicals analysts from large Wall Street brokerages have relaunched coverage of DuPont in the past few days with most bullish on the stock following its split from DowDuPont.
Shares of agricultural input company Corteva stumbled out of the gate on its first day as a new stand-alone company. But Corteva CEO Jim Collins said he isn’t worried.
With the completion of the DowDuPont split at hand, there are more than a few things to know about one of the most complicated transactions in history.
Farming is cyclical, and the agriculture business is uncorrelated with the broader economy. That makes a new agriculture play coming to the stock market all the more intriguing.
Home Depot reported first quarter profit of $2.27 per share , 9 cents a share above estimates. Revenue came in very slightly above forecasts. Global comparable-store sales were up 2.5% during the quarter, with U.S. comparable sales up 3%.
DowDuPont stock dropped 17% through last week since the company reported earnings. DowDuPont’s performance is an outlier in the industry, too. The reason is more complicated than you might think.
DowDuPont’s agricultural business, due to be separated on June 1, acknowledges times have been tough in farming lately, but it sees better days ahead. How Corteva stock might trade remains a mystery.
Corteva, the agricultural business of (DWDP) that will begin trading on stock exchanges in a few days, has already won over at least one Wall Street analyst. Nomura analyst Aleksey Yefremov thinks Corteva management did a good job explaining the company’s pathway to higher profits in coming years. The era of the chemical megacompany DowDuPont (ticker: DWDP) is nearly at an end.
Corteva is the combination of two legacy agricultural franchises. The new company met with analysts in Iowa to try to help investors answer the question: What is it worth?
California regulators move to ban chlorpyrifos, a controversial pesticide used on almond, citrus and grape crops in the nation's largest agricultural state. California follows Hawaii and New York, which have announced similar moves against chlorpyrifos. The Trump administration has resisted attempts to ban the chemical that environmentalists say is harmful to children and farmworkers.
Corteva, the combined agricultural divisions of Dow and DuPont, will meet with analysts and investors in Iowa ahead of its spinoff at the beginning of June.
DowDuPont shares have plummeted 12% since the company reported earnings. Based on Wall Street reports, it is difficult to figure out why. Barron’s thinks we know: It was spinoff hype.
Its shares are now down 2% year to date, far worse than the 13% gain in the Dow Jones Industrial Average. Dow (DOW) stock dropped 4% to $54 a share. Dow’s results were in line with management’s guidance and Wall Street’s expectations.
Both companies are managing through sluggish demand with cost cuts, while preparing for life as independent companies.