ETR:1COVCovestro Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Covestro AG Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add €36.62 +1.52 (+4.33 %) (As of 06/3/2020 04:00 PM ET) Add Compare Share Today's Range€35.47Now: €36.62▼€36.7650-Day Range€28.59MA: €30.77▼€35.0152-Week Range€23.54Now: €36.62▼€48.18Volume2.39 million shsAverage Volume917,794 shsMarket Capitalization$6.70 billionP/E Ratio17.03Dividend Yield8.25%BetaN/A ProfileAnalyst RatingsAdvanced ChartCompetitorsHeadlines Covestro AG develops, produces, and markets polymer materials for various industries worldwide. The company operates in three segments: Polyurethanes; Polycarbonates; and Coatings, Adhesives, Specialties. The Polyurethanes segment offers precursors, such as flexible polyurethane foam primarily used in the furniture and automotive industries; and rigid foam used as insulating material in the construction industry and in refrigeration chains. The Polycarbonates segment provides high-performance plastic polycarbonates in the form of granules, composite materials, and semi-finished products for use in the automotive, construction, electrical and electronic, medical technology, and lighting industries. The Coatings, Adhesives, Specialties segment offers precursors for coatings, adhesives, and sealants, as well as specialties. This segment also provides polymer materials and aqueous dispersions for use in automotive and transportation, infrastructure and construction, wood processing, and furniture applications. It markets its products through trading houses and distributors. The company has partnership with Genomatica, Inc. to research and develop high-performance materials based on renewable feed-stocks. Covestro AG was founded in 2005 and is headquartered in Leverkusen, Germany.Read More Beat the Market (BTM) Rank™ 2.1 Analyst's Opinion Consensus RatingCovestro has received a consensus rating of Hold. The company's average rating score is 2.22, and is based on 7 buy ratings, 8 hold ratings, and 3 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of €36.35, Covestro has a potential downside of 0.7% from its current price of €36.62.Amount of Analyst CoverageCovestro has been the subject of 14 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 2.5 Community Rank Outperform VotesCovestro has received 439 “outperform” votes. (Add your “outperform” vote.)Underperform VotesCovestro has received 449 “underperform” votes. (Add your “underperform” vote.)Community SentimentCovestro has received 50.56% “underperform” votes from our community.MarketBeat's community ratings are surveys of what our community members think about Covestro and other stocks. Vote “Outperform” if you believe 1COV will outperform the S&P 500 over the long term. Vote “Underperform” if you believe 1COV will underperform the S&P 500 over the long term. You may vote once every thirty days. Previous Next 1.7 Dividend Strength Dividend LeadershipCovestro is a leading dividend payer. It pays a dividend yield of 8.25%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthCovestro does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Covestro is 111.63 %. Payout ratios above 75% are not desirable because they may not be sustainable. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Covestro insiders have not sold or bought any company stock. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Covestro are expected to decrease by -100.00% in the coming year, from €9.61 to €0.00 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Covestro is 17.03, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 16.11.Price to Earnings Ratio vs. SectorThe P/E ratio of Covestro is 17.03, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 23.68.Price to Earnings Growth RatioCovestro has a PEG Ratio of 0.62. PEG Ratios below 1 indicate that a company could be undervalued.Price to Book Value per Share RatioCovestro has a P/B Ratio of 1.20. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next Analyst Opinion: 2.1Community Rank: 2.5Dividend Strength: 1.7Insider Behavior: 0.0Valuation: 1.9 5 -4 -3 -2 -1 -Overall Beat the Market Rank™1.63 out of 5 stars Industry, Sector and Symbol Stock Exchange ETR Industry Specialty Chemicals Sub-IndustryN/A SectorBasic Materials Current SymbolETR:1COV Previous Symbol CUSIPN/A CIKN/A Webwww.covestro.de Phone+49-214-60092000Debt Debt-to-Equity Ratio44.14 Current Ratio2.11 Quick Ratio1.31Price-To-Earnings Trailing P/E Ratio17.03 Forward P/E Ratio3.81 P/E Growth0.62 Sales & Book Value Annual Sales$12.02 billion Price / Sales0.56 Cash Flow€7.88 per share Price / Cash Flow4.64 Book Value€30.61 per share Price / Book1.20Profitability EPS (Most Recent Fiscal Year)N/A Net IncomeN/A Net MarginsN/A Return on EquityN/A Return on AssetsN/AMiscellaneous Employees16,910 Outstanding Shares182,864,992Market Cap$6.70 billion Next Earnings Date7/23/2020 (Estimated) OptionableNot Optionable 1COV Rates by TradingView Receive 1COV News and Ratings via Email Sign-up to receive the latest news and ratings for 1COV and its competitors with MarketBeat's FREE daily newsletter. Covestro (ETR:1COV) Frequently Asked Questions How has Covestro's stock been impacted by COVID-19 (Coronavirus)? Covestro's stock was trading at €29.74 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, 1COV shares have increased by 23.1% and is now trading at €36.62. View which stocks have been most impacted by Coronavirus. Do Wall Street analysts recommend investors buy shares of Covestro? 18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Covestro in the last year. There are currently 3 sell ratings, 8 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Covestro. When is Covestro's next earnings date? Covestro is scheduled to release its next quarterly earnings announcement on Thursday, July 23rd 2020. View our earnings forecast for Covestro. What price target have analysts set for 1COV? 18 equities research analysts have issued twelve-month price objectives for Covestro's stock. Their forecasts range from €24.00 to €50.00. On average, they expect Covestro's share price to reach €36.35 in the next year. This suggests that the stock has a possible downside of 0.7%. View analysts' price targets for Covestro. Has Covestro been receiving favorable news coverage? News articles about 1COV stock have trended somewhat positive recently, InfoTrie Sentiment Analysis reports. InfoTrie scores the sentiment of press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Covestro earned a coverage optimism score of 0.9 on InfoTrie's scale. They also assigned news stories about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the near future. View the latest news aboutCovestro. Who are some of Covestro's key competitors? Some companies that are related to Covestro include Symrise (SY1), Brenntag (BNR), Croda International (CRDA), Orica (ORI), Johnson Matthey (JMAT), Lanxess (LXS), Victrex (VCT), Synthomer (SYNT), Chemtrade Logistics Income Fund (CHE.UN), Elementis (ELM), Zotefoams (ZTF), Scapa Group (SCPA), Nano One Materials (NNO), Ecosynthetix (ECO) and Scidev (SDV). View all competitors. 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), Aegean Marine Petroleum Network (ANW), Honeywell International (HON), Allianz (ALV) and Belden (BDC). Who are Covestro's key executives? Covestro's management team includes the following people: Dr. Markus Steilemann, CEO, Chief Commercial Officer & Chairman of Management Board (Age 49)Dr. Thomas Toepfer, CFO, Labor Director & Member of Management Board (Age 47)Dr. Klaus Schäfer, CTO & Member of Management Board (Age 57)Mr. Ronald Kohler, Head of Investor RelationsDr. Joachim H. Wolff, Head of Polyurethanes Bus. Unit (Age 67) 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 €36.62. How big of a company is Covestro? Covestro has a market capitalization of $6.70 billion and generates $12.02 billion in revenue each year. Covestro employs 16,910 workers across the globe. What is Covestro's official website? The official website for Covestro is www.covestro.de. How can I contact Covestro? Covestro's mailing address is Kaiser-Wilhelm-Allee 60, LEVERKUSEN, 51373, Germany. The company can be reached via phone at +49-214-60092000. This page was last updated on 6/3/2020 by MarketBeat.com Staff
