Covestro AG develops, produces, and markets polymer materials for various industries worldwide. The company operates in three segments: Polyurethanes; Polycarbonates; and Coatings, Adhesives, Specialties (CAS). The Polyurethanes segment develops, produces, and markets chemical precursors, such as diphenylmethane diisocyanate, toluene diisocyanate, and polyether polyol, which are used primarily in the furniture, construction, and automotive industries. 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 CAS 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. The company markets its products through trading houses and distributors. Covestro AG was founded in 1863 and is headquartered in Leverkusen, Germany.

Overall MarketRank^™

1.78 out of 5 stars

2.3 Analyst's Opinion

Consensus Rating
Covestro has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 8 buy ratings, 5 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of €62.46, Covestro has a forecasted upside of 7.7% from its current price of €58.00.
Amount of Analyst Coverage
Covestro has been the subject of 11 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.5 Community Rank

Outperform Votes
Covestro has received 529 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Covestro has received 511 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Covestro has received 50.87% “outperform” 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.

1.7 Dividend Strength

Dividend Yield
Covestro pays a meaningful dividend of 2.36%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Covestro does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Covestro is 29.35%. This payout ratio is at a healthy, sustainable level, below 75%.

0.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Covestro insiders have not sold or bought any company stock.

2.5 Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Covestro is 13.09, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 23.89.
Price to Earnings Ratio vs. Sector
The P/E ratio of Covestro is 13.09, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 29.17.
Price to Earnings Growth Ratio
Covestro has a PEG Ratio of 0.62. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Covestro has a P/B Ratio of 1.75. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Covestro (ETR:1COV) Frequently Asked Questions

Is Covestro a buy right now?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Covestro in the last year. There are currently 1 sell rating, 5 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Covestro stock.
View analyst ratings for Covestro or view top-rated stocks.

What stocks does MarketBeat like better than Covestro?

Wall Street analysts have given Covestro a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Covestro wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Covestro's next earnings date?

Covestro is scheduled to release its next quarterly earnings announcement on Tuesday, July 27th 2021.
View our earnings forecast for Covestro.

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 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, 1COV shares have increased by 95.0% and is now trading at €58.00.
View which stocks have been most impacted by COVID-19.

Is Covestro a good dividend stock?

Covestro pays an annual dividend of €1.30 per share and currently has a dividend yield of 2.36%. The dividend payout ratio of Covestro is 29.35%. This payout ratio is at a healthy, sustainable level, below 75%.
View Covestro's dividend history.

What price target have analysts set for 1COV?

14 Wall Street analysts have issued 1 year target prices for Covestro's shares. Their forecasts range from €29.00 to €76.00. On average, they expect Covestro's stock price to reach €62.46 in the next year. This suggests a possible upside of 7.7% from the stock's current price.
View analysts' price targets for Covestro or view top-rated stocks among Wall Street analysts.

Who are Covestro's key executives?

Covestro's management team includes the following people:

Dr. Markus Steilemann, CEO & Chairman of Management Board (Age 51, Pay $3.15M)
Dr. Thomas Toepfer, CFO, Labor Director & Member of Management Board (Age 49, Pay $1.8M)
Dr. Klaus SchÃ¤fer, CTO & Member of Management Board (Age 59, Pay $1.53M)
Ms. Sucheta Govil, Chief Commercial Officer & Member of Management Board (Age 58, Pay $1.42M)
Mr. Ronald Koehler, Head of Investor Relations
Dr. Joachim H. Wolff, Head of Polyurethanes Bus. Unit (Age 69)
Mr. Daniel Meyer, Head of Polyurethanes (PU) Segment (Age 54)
Ms. Michelle B. B. Jou, Head of Polycarbonates Segment (Age 52)
Michael Friede, Head of S Coatings, Adhesives, Specialties Segment
Mr. Uwe Arndt, Head of MDI Site

Who are some of Covestro's key competitors?

Some companies that are related to Covestro include Givaudan (GVDNY), Symrise (SY1), Brenntag (BNR), Croda International (CRDA), Johnson Matthey (JMAT), LANXESS Aktiengesellschaft (LXS), Synthomer (SYNT), Victrex (VCT), Chemtrade Logistics Income Fund (CHE.UN), Elementis (ELM), Neo Performance Materials (NEO), Scapa Group (SCPA), EcoSynthetix (ECO), Zotefoams (ZTF) and Nano One Materials (NNO).
View all of 1COV's 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), 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 €58.00.

How much money does Covestro make?

Covestro has a market capitalization of $11.20 billion and generates $11.23 billion in revenue each year.

How many employees does Covestro have?

Covestro employs 14,539 workers across the globe.

What is Covestro's official website?

The official website for Covestro is www.covestro.de.

Where are Covestro's headquarters?

Covestro is headquartered at Kaiser-Wilhelm-Allee 60, LEVERKUSEN, 51373, Germany.

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 5/6/2021 by MarketBeat.com Staff

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