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S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
3 Blue Chip Safe Havens to Shield Your Portfolio
Would Buffett Approve of This Growth Strategy? (Ad)
Buy The World’s Largest IT Infrastructure Provider For Under $20
3 Stocks That Flourish In The Fall
An Unusual Way to Invest in Gold (Ad)
Stock market today: Wall Street inches lower hinting that sustained market sell-off may continue
Oil prices have risen. That's making gas more expensive for US drivers and helping Russia's war
An Unusual Way to Invest in Gold (Ad)
META's Outperformance Last Week Points to Imminent Breakout
Is Jet Blue's Descent Into Penny Stock Territory an Opportunity?
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
3 Blue Chip Safe Havens to Shield Your Portfolio
Would Buffett Approve of This Growth Strategy? (Ad)
Buy The World’s Largest IT Infrastructure Provider For Under $20
3 Stocks That Flourish In The Fall
An Unusual Way to Invest in Gold (Ad)
Stock market today: Wall Street inches lower hinting that sustained market sell-off may continue
Oil prices have risen. That's making gas more expensive for US drivers and helping Russia's war
An Unusual Way to Invest in Gold (Ad)
META's Outperformance Last Week Points to Imminent Breakout
Is Jet Blue's Descent Into Penny Stock Territory an Opportunity?
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
3 Blue Chip Safe Havens to Shield Your Portfolio
Would Buffett Approve of This Growth Strategy? (Ad)
Buy The World’s Largest IT Infrastructure Provider For Under $20
3 Stocks That Flourish In The Fall
An Unusual Way to Invest in Gold (Ad)
Stock market today: Wall Street inches lower hinting that sustained market sell-off may continue
Oil prices have risen. That's making gas more expensive for US drivers and helping Russia's war
An Unusual Way to Invest in Gold (Ad)
META's Outperformance Last Week Points to Imminent Breakout
Is Jet Blue's Descent Into Penny Stock Territory an Opportunity?
ETR:1COV

Covestro (1COV) Stock Forecast, Price & News

€51.38
+0.02 (+0.04%)
(As of 09/22/2023 ET)
Compare
Today's Range
€50.84
▼
€52.00
50-Day Range
€46.55
▼
€53.50
52-Week Range
€27.69
▼
€54.08
Volume
1.02 million shs
Average Volume
917,794 shs
Market Capitalization
$9.70 billion
P/E Ratio
N/A
Dividend Yield
6.62%
Price Target
€45.55
ProfileAnalyst RatingsChartCompetitorsHeadlinesSustainability

Covestro MarketRank™ Forecast

Analyst Rating
0.00 Rating Score
Upside/​Downside
11.3% Downside
€45.55 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.

0.63 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 polycarbonates, precursors for coatings and adhesives, MDI specialties and polyols, thermoplastic polyurethanes, specialty films, and elastomers 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.

1COV Price History

1COV Stock News Headlines

August 21, 2023 | msn.com
Covestro appoints Christian Baier as new CFO
August 16, 2023 | reuters.com
ADNOC mulls raising Covestro bid to $12.6 billion to spur talks - sources
September 25, 2023 | Wall Street Fundamentals (Ad)
Would Buffett Approve of This Growth Strategy?
Warren Buffett's approach has been to find and invest in undervalued businesses with strong potential for growth. Taking this approach to heart and applying it to a Trillion Dollar industry has proved itself in a big way...achieving an incredible 400+% growth during a down market.
August 14, 2023 | reuters.com
ADNOC considers pushing Covestro bid to $12.6 bln - sources
August 4, 2023 | finance.yahoo.com
Covestro Second Quarter 2023 Earnings: Misses Expectations
July 23, 2023 | finance.yahoo.com
Covestro AG's (ETR:1COV) Intrinsic Value Is Potentially 41% Above Its Share Price
July 18, 2023 | reuters.com
Abu Dhabi's ADNOC raises Covestro takeover bid to $12.3 billion - Bloomberg News
July 12, 2023 | finance.yahoo.com
1COV.BE - Covestro AG
September 25, 2023 | Wall Street Fundamentals (Ad)
Would Buffett Approve of This Growth Strategy?
Warren Buffett's approach has been to find and invest in undervalued businesses with strong potential for growth. Taking this approach to heart and applying it to a Trillion Dollar industry has proved itself in a big way...achieving an incredible 400+% growth during a down market.
June 26, 2023 | finance.yahoo.com
1COV.DE - Covestro AG
June 22, 2023 | bloomberg.com
Covestro lehnt 11 Milliarden Euro Angebot aus Abu Dhabi offenbar ab
June 22, 2023 | reuters.com
Germany's Covestro rejects takeover proposal from ADNOC -Bloomberg News
June 20, 2023 | reuters.com
Abu Dhabi's ADNOC approaches Germany's Covestro with acquisition offer-sources
May 22, 2023 | finance.yahoo.com
Covestro AG (ETR:1COV) most popular amongst retail investors who own 52% of the shares, institutions hold 48%
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%?
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 20, 2022 | marketscreener.com
Covestro : collaboration with SABIC unlocks improved recyclability for mono-material flexible plastic pouches - Marketscreener.com
October 17, 2022 | marketscreener.com
Covestro : Chemical industry as a key factor against climate change – with strong partners - Marketscreener.com
October 13, 2022 | marketscreener.com
PVR: Covestro AG: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution - Marketscreener.com
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 7, 2022 | marketscreener.com
Covestro Issues Schuldschein Debt Instrument For $638 Million - Marketscreener.com
October 6, 2022 | marketscreener.com
Covestro : Contract of Board of Management member Dr. Klaus Schäfer extended - Marketscreener.com
October 5, 2022 | globenewswire.com
Global Polyurethane Market to Worth USD 91.2 Billion by 2028 - GlobeNewswire
October 5, 2022 | marketscreener.com
Covestro : Cooperations for creative and sustainable solutions - Marketscreener.com
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
17,591
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
€45.55
High Stock Price Forecast
€64.00
Low Stock Price Forecast
€33.00
Forecasted Upside/Downside
-11.3%
Consensus Rating
Rating Score (0-4)
0.00
Research Coverage
0 Analysts

Profitability

EPS (Most Recent Fiscal Year)
(€4.46)
Trailing P/E Ratio
N/A
Forward P/E Ratio
16.13
P/E Growth
0.51
Net Income
$-867,000,000.00
Net Margins
-5.40%
Pretax Margin
N/A
Return on Equity
-11.42%
Return on Assets
0.03%

Debt

Debt-to-Equity Ratio
54.49
Current Ratio
2.25
Quick Ratio
0.85

Sales & Book Value

Annual Sales
$16.04 billion
Price / Sales
0.60
Cash Flow
€2.16 per share
Price / Cash Flow
23.83
Book Value
€36.27 per share
Price / Book
1.42

Miscellaneous

Outstanding Shares
188,740,000
Free Float
N/A
Market Cap
$9.70 billion
Optionable
Not Optionable
Beta
1.42
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Key Executives

  • Dr. Markus Steilemann (Age 53)
    CEO & Chairman of Management Board
    Comp: $2.85M
  • Dr. Thomas Toepfer (Age 51)
    CFO, Labor Director & Member of Management Board
    Comp: $1.8M
  • Ms. Sucheta Govil (Age 60)
    Chief Commercial Officer & Member of Management Board
    Comp: $1.48M
  • Dr. Thorsten Dreier
    CTO & Member of Management Board
  • Mr. Ronald Koehler
    Head of Investor Relations
  • Mr. Daniel Meyer (Age 56)
    Head of Polyurethanes (PU) Segment
  • Mr. Uwe Arndt
    Head of MDI Site
  • Nils Janus
    Head of Advanced Analytics
  • Mr. Rainer Rettig (Age 64)
    Head of the Circular Economy Program

Key Competitors

View All Competitors













1COV Stock - Frequently Asked Questions

What is Covestro's stock price forecast for 2023?

0 brokerages have issued 12-month target prices for Covestro's stock. Their 1COV share price forecasts range from €33.00 to €64.00. On average, they anticipate the company's share price to reach €45.55 in the next year. This suggests that the stock has a possible downside of 11.3%.
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 stock has increased by 40.6% and is now trading at €51.38.
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.

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), 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 €51.38.

How much money does Covestro make?

Covestro (ETR:1COV) has a market capitalization of $9.70 billion and generates $16.04 billion in revenue each year. The company earns $-867,000,000.00 in net income (profit) each year or (€4.46) on an earnings per share basis.

How many employees does Covestro have?

The company employs 17,591 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 9/25/2023 by MarketBeat.com Staff

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