Published on 28 Mar 2024 on Simply Wall St. via Yahoo Finance
Corteva, Inc.'s (NYSE:CTVA) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?
Most readers would already be aware that Corteva's (NYSE:CTVA) stock increased significantly by 19% over the past three months. Given that stock prices are usually aligned with a company's financial performance in the long-term, we decided to study its financial indicators more closely to see if they had a hand to play in the recent price move. In this article, we decided to focus on Corteva's ROE.
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors’ money. In short, ROE shows the profit each dollar generates with respect to its shareholder investments.
Check out our latest analysis for Corteva