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.
Industry, Sector and Symbol
Industry Specialty Chemicals
Sub-IndustryN/A
SectorBasic Materials
CIKN/A
Phone+49-214-60092000
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$14.01 billion
Profitability
Miscellaneous
Employees16,910
Next Earnings Date7/24/2019 (Estimated)
OptionableNot Optionable
Covestro (ETR:1COV) Frequently Asked Questions
What is Covestro's stock symbol?
Covestro trades on the ETR under the ticker symbol "1COV."
When is Covestro's next earnings date?
What price target have analysts set for 1COV?
19 brokers have issued 1-year price objectives for Covestro's shares. Their forecasts range from €46.00 to €85.00. On average, they anticipate Covestro's share price to reach €56.50 in the next year. This suggests a possible upside of 37.5% from the stock's current price. View Analyst Price Targets for Covestro.
What is the consensus analysts' recommendation for Covestro?
19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Covestro in the last year. There are currently 2 sell ratings, 9 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Covestro.
Has Covestro been receiving favorable news coverage?
News articles about 1COV stock have been trending somewhat negative recently, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive media 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 -5 to 5, with scores nearest to five being the most favorable. Covestro earned a media sentiment score of -1.7 on InfoTrie's scale. They also gave media headlines about the company a news buzz of 5.0 out of 10, meaning that recent media coverage is somewhat likely to have an effect on the company's share price in the next few days.
Who are some of Covestro's key competitors?
Some companies that are related to Covestro include Symrise (SY1), Orica (ORI), Brenntag (BNR), Croda International (CRDA), Johnson Matthey (JMAT), Lanxess (LXS), Victrex (VCT), Synthomer (SYNT), Elementis (ELM), Chemtrade Logistics Income Fund (CHE.UN), Scapa Group (SCPA), Zotefoams (ZTF), Ecosynthetix (ECO), Nano One Materials (NNO) and Calix (CXL).
What other stocks do shareholders of Covestro own?
Who are Covestro's key executives?
Covestro's management team includes the folowing 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 Relations
- Dr. Joachim H. Wolff, Head of Polyurethanes Bus. Unit (Age 67)
What is Covestro's stock price today?
One share of 1COV stock can currently be purchased for approximately €41.08.
How big of a company is Covestro?
Covestro has a market capitalization of $7.85 billion and generates $14.01 billion in revenue each year. Covestro employs 16,910 workers across the globe.
What is Covestro's official website?
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.
MarketBeat Community Rating for Covestro (ETR 1COV)
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.
