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S&P 500   3,936.97
DOW   32,030.11
QQQ   306.12
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3 Tech Stocks Well Positioned For Growth At A Reasonable Price
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BREAKING: Tiny biotech successfully treats blindness (Ad)
Closing prices for crude oil, gold and other commodities
Seesaw Effect: As Banks Drop, These 3 Stocks Are Going Up
BREAKING: Tiny biotech successfully treats blindness (Ad)
AI Is Giving 3 Marketing & Ad Firms Revenue & Earnings Boost
GameStop Shares Surge On Surprise Profit
S&P 500   3,936.97
DOW   32,030.11
QQQ   306.12
3 Dividend Contenders to Buy Now for Long-Term Gains Later
How This Trader Banked A 97% Win Rate (Ad)pixel
3 Tech Stocks Well Positioned For Growth At A Reasonable Price
These 3 Dividend Growers Yield More Than the 10-Year Note
BREAKING: Tiny biotech successfully treats blindness (Ad)
Closing prices for crude oil, gold and other commodities
Seesaw Effect: As Banks Drop, These 3 Stocks Are Going Up
BREAKING: Tiny biotech successfully treats blindness (Ad)
AI Is Giving 3 Marketing & Ad Firms Revenue & Earnings Boost
GameStop Shares Surge On Surprise Profit
ETR:1COV

Covestro - 1COV Stock Forecast, Price & News

€38.32
+0.76 (+2.02%)
(As of 03/22/2023 12:00 AM ET)
Add
Compare
Today's Range
€37.86
▼
€38.82
50-Day Range
€35.36
▼
€44.07
52-Week Range
€27.69
▼
€49.53
Volume
1.25 million shs
Average Volume
917,794 shs
Market Capitalization
$7.28 billion
P/E Ratio
8.57
Dividend Yield
8.87%
Price Target
€45.60

Covestro MarketRank™ Forecast

Analyst Rating
N/A
0.00 Rating Score
Upside/​Downside
19.4% Upside
€45.75 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
-6.95
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.10 out of 5 stars

See Top Rated MarketRank™ Stocks Here

1COV stock logo

About Covestro (ETR:1COV) Stock

Covestro AG supplies high-tech polymer materials and related application solutions. It operates in two segments, Performance Materials, and Solutions & Specialties. The Performance Materials segment develops, produces, and supplies high-performance materials, such as polyurethanes and polycarbonates, and base chemicals, which include diphenylmethane diisocyanate (MDI), toluylene diisocyanate, long-chain polyols, and polycarbonate resins for use in furniture and wood processing, construction, automotive, and transportation industries, as well as roof structures, insulation for buildings and refrigerators, mattresses, car seats, and other applications. The Solutions & Specialties segment comprises a range of polymer products, including precursors for coatings and adhesives, polycarbonates, MDI specialties and polyols, specialty films, elastomers, and thermoplastic polyurethanes that are used in automotive and transportation, electrical, electronics and household appliances, construction, and healthcare industries, as well as composite resins for wind turbine, rotor blades, laptop cases, and floodlights. The company markets its products through trading houses and distributors. It operates in Europe, the Middle East, Africa, Latin America, the United States, Canada, and the People's Republic of China. The company was founded in 1863 and is headquartered in Leverkusen, Germany.

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1COV Stock News Headlines

February 2, 2023 | finance.yahoo.com
Covestro AG's (ETR:1COV) Stock Is Going Strong: Have Financials A Role To Play?
January 17, 2023 | finance.yahoo.com
Are Investors Undervaluing Covestro AG (ETR:1COV) By 34%?
March 23, 2023 | Stansberry Research (Ad)
The gold catalyst we’ve waited for
If you thought the SVB meltdown was bad… watch out. Because even bigger red flag just appeared. This signal proves that a recession is likely right around the corner. It will take most by surprise. Stocks will crash. Millions will go jobless, and lose their homes. But there is ONE important step you should take today to make sure you come out the other side OK.
December 12, 2022 | finance.yahoo.com
Covestro AG (ETR:1COV) most popular amongst individual investors who own 53% of the shares, institutions hold 47%
October 31, 2022 | finance.yahoo.com
Covestro AG Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
October 10, 2022 | finance.yahoo.com
UPDATE 4-Germany girds for gas supply pain, targets $93 billion price relief plan - Yahoo Finance
October 7, 2022 | finance.yahoo.com
Global Polycarbonate Polyester Blend Market - Competition Forecast and Opportunities, 2027 - Yahoo Finance
October 5, 2022 | globenewswire.com
Global Polyurethane Market to Worth USD 91.2 Billion by 2028 - GlobeNewswire
March 23, 2023 | Stansberry Research (Ad)
The gold catalyst we’ve waited for
If you thought the SVB meltdown was bad… watch out. Because even bigger red flag just appeared. This signal proves that a recession is likely right around the corner. It will take most by surprise. Stocks will crash. Millions will go jobless, and lose their homes. But there is ONE important step you should take today to make sure you come out the other side OK.
October 4, 2022 | businesswire.com
Global Biobased Paints and Coatings Market Report to 2033 - Featuring Alberdingk Boley, Allnex, Covestro and Holmen Iggesund Among Others - ResearchAndMarkets.com - Business Wire
October 3, 2022 | seekingalpha.com
Covestro: Too Much Negativity (OTCMKTS:COVTY) - Seeking Alpha
September 26, 2022 | businesswire.com
X2F and Covestro Launch New Collaboration on Innovative In-Mold Electronics for Automotive Lighting - Business Wire
September 26, 2022 | businesswire.com
$52+ Billion Worldwide Styrene Industry to 2031 - Asia Pacific was the Largest Region in 2021 - ResearchAndMarkets.com - Business Wire
September 20, 2022 | uk.finance.yahoo.com
The global electric vehicle plastic market is set to project a CAGR of 28.72% during the forecast period, 2022-2030 - Yahoo Finance UK
September 20, 2022 | finance.yahoo.com
The global electric vehicle plastic market is set to project a CAGR of 28.72% during the forecast period, 2022-2030 - Yahoo Finance
September 8, 2022 | benzinga.com
(ARKAY), BASF SE (BASFY) – Medical Plastics Market Size 2022, Global Report, Industry Application (Medic - Benzinga
September 7, 2022 | globenewswire.com
Isocyanate Market Size to Surpass $19313.94 Million by 2028 - GlobeNewswire
September 7, 2022 | finance.yahoo.com
Industrial Polyurethane Elastomers Market Garnered about USD 12.55 billion by 2029 and is Expected to Grow with a CAGR of ~6.3% During 2022-2029; Increasing Consumption of Product by polyurethane elastomers to Aid Growth | Exactitude Consultancy - Yahoo Finance
September 7, 2022 | businesswire.com
Worldwide Antimicrobial Plastics Industry to 2027 - Featuring BASF, Covestro and Lonza Among Others - ResearchAndMarkets.com - Business Wire
September 5, 2022 | morningstar.com
European stocks slump and natural-gas futures jump after Russia cuts off key gas pipeline - Morningstar
August 26, 2022 | globenewswire.com
Thermally Conductive Plastics Market by Type, End-use and Region - Global Forecast to 2027 - GlobeNewswire
August 26, 2022 | finance.yahoo.com
Covestro AG -- Moody's assigns P-2 rating to Covestro's new Commercial Paper programme - Yahoo Finance
August 25, 2022 | benzinga.com
Worldwide Construction Elastomers Industry to 2028 - Featuring Arkema, Dow, Covestro and Huntsman Interna - Benzinga
August 25, 2022 | finance.yahoo.com
Worldwide Construction Elastomers Industry to 2028 - Featuring Arkema, Dow, Covestro and Huntsman International Among Others - Yahoo Finance
August 15, 2022 | globenewswire.com
$47 Billion Worldwide Coating Resins Industry to 2027 - Featuring Allnex, Arkema, BASF and Covestro Among Others - GlobeNewswire
August 8, 2022 | seekingalpha.com
Stratasys to acquire Covestro additive manufacturing materials business - Seeking Alpha
August 3, 2022 | seekingalpha.com
Covestro Stock: Complicated Situation (OTCMKTS:COVTY) - Seeking Alpha
See More Headlines
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Industry, Sector and Symbol

Stock Exchange
ETR
Industry
Specialty Chemicals
Sub-Industry
N/A
Sector
Basic Materials
Current Symbol
ETR:1COV
CUSIP
N/A
CIK
N/A
Web
www.covestro.de
Phone
+49-214-60092000
Fax
N/A
Employees
15,665
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
€45.75
High Stock Price Forecast
€64.00
Low Stock Price Forecast
€33.00
Forecasted Upside/Downside
+21.4%
Consensus Rating
N/A
Rating Score (0-4)
0.00
Research Coverage
0 Analysts

Profitability

EPS (Most Recent Fiscal Year)
€4.47
Trailing P/E Ratio
8.40
Forward P/E Ratio
70.13
P/E Growth
-0.38
Net Income
$-272,000,000.00
Net Margins
-1.51%
Pretax Margin
N/A
Return on Equity
-3.78%
Return on Assets
2.89%

Debt

Debt-to-Equity Ratio
51.35
Current Ratio
2.18
Quick Ratio
0.85

Sales & Book Value

Annual Sales
$17.97 billion
Price / Sales
0.40
Cash Flow
€1.58 per share
Price / Cash Flow
23.83
Book Value
€37.31 per share
Price / Book
1.01

Miscellaneous

Outstanding Shares
189,950,000
Free Float
N/A
Market Cap
$7.13 billion
Optionable
Not Optionable
Beta
1.39

Key Executives

  • Dr. Markus Steilemann (Age 52)
    CEO & Chairman of Management Board
    Comp: $3.42M
  • Dr. Thomas Toepfer (Age 50)
    CFO, Labor Director & Member of Management Board
    Comp: $2.01M
  • Dr. Klaus Schäfer (Age 60)
    CTO & Member of Management Board
    Comp: $1.64M
  • Ms. Sucheta Govil (Age 59)
    Chief Commercial Officer & Member of Management Board
    Comp: $1.6M
  • Mr. Ronald Koehler
    Head of Investor Relations
  • Dr. Joachim H. Wolff (Age 70)
    Head of Polyurethanes Bus. Unit
  • Mr. Daniel Meyer (Age 55)
    Head of Polyurethanes (PU) Segment
  • Ms. Michelle B. B. Jou (Age 53)
    Head of Polycarbonates Segment
  • Mr. Michael Friede
    Head of S Coatings, Adhesives, Specialties Segment
  • Mr. Uwe Arndt
    Head of MDI Site

Key Competitors

View All Competitors













1COV Stock - Frequently Asked Questions

What is Covestro's stock price forecast for 2023?

0 Wall Street analysts have issued twelve-month price targets for Covestro's stock. Their 1COV share price forecasts range from €33.00 to €64.00. On average, they expect the company's share price to reach €45.75 in the next year. This suggests a possible upside of 21.8% from the stock's current price.
View analysts price targets for 1COV or view top-rated stocks among Wall Street analysts.

How have 1COV shares performed in 2023?

Covestro's stock was trading at €36.55 at the beginning of 2023. Since then, 1COV shares have increased by 2.8% and is now trading at €37.56.
View the best growth stocks for 2023 here.

Is Covestro a good dividend stock?

Covestro (ETR:1COV) pays an annual dividend of €3.40 per share and currently has a dividend yield of 8.56%. 1COV has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 76.06%. Payout ratios above 75% are not desirable because they may not be sustainable.

What other stocks do shareholders of Covestro own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Covestro investors own include Hawkins (HWKN), CA (CA), BlackRock (BLK), Endologix (ELGX), Chipotle Mexican Grill (CMG), Athabasca Oil (ATH), Allianz (ALV), Aegean Marine Petroleum Network (ANW), Honeywell International (HON) and Micron Technology (MU).

What is Covestro's stock symbol?

Covestro trades on the ETR under the ticker symbol "1COV."

What is Covestro's stock price today?

One share of 1COV stock can currently be purchased for approximately €37.56.

How much money does Covestro make?

Covestro (ETR:1COV) has a market capitalization of $7.13 billion and generates $17.97 billion in revenue each year. The company earns $-272,000,000.00 in net income (profit) each year or €4.47 on an earnings per share basis.

How many employees does Covestro have?

The company employs 15,665 workers across the globe.

How can I contact Covestro?

Covestro's mailing address is Kaiser-Wilhelm-Allee 60, LEVERKUSEN, 51373, Germany. The official website for the company is www.covestro.de. The company can be reached via phone at +49-214-60092000.

This page (ETR:1COV) was last updated on 3/23/2023 by MarketBeat.com Staff