ETR:1COV

Covestro - 1COV Stock Forecast, Price & News

€28.85

-0.36 (-1.23%)

(As of 09/29/2022 12:00 AM ET)

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Today's Range: €27.69
▼
€29.17
50-Day Range: €29.00
▼
€33.96
52-Week Range: €28.51
▼
€60.24

Volume: 2.19 million shs
Average Volume: 917,794 shs
Market Capitalization: $5.57 billion

P/E Ratio: 4.00
Dividend Yield: 11.40%
Price Target: €47.45

Covestro MarketRank™ Forecast

Analyst Rating: N/A
0.00 Rating Score
Upside/Downside: 61.7% Upside
€46.64 Price Target
Short Interest: N/A
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -6.95
Upright™ Environmental Score
News Sentiment: 0.17
Based on 7 Articles This Week
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.

1.75 out of 5 stars

2.0

Analyst's Opinion

Price Target Upside/Downside
According to analysts' consensus price target of €46.64, Covestro has a forecasted upside of 61.7% from its current price of €28.85.
Amount of Analyst Coverage
Covestro has received no research coverage in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for 1COV.

2.5

Dividend Strength

Dividend Leadership
Covestro is a leading dividend payer. It pays a dividend yield of 11.40%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Covestro does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Covestro is 47.16%. This payout ratio is at a healthy, sustainable level, below 75%.

0.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Covestro has received a -160.40% net impact score from Upright. The largest negative impact of Covestro in category "GHG emissions" seems to be driven mostly by its "Polyurethanes", "Polycarbonate", and "Industrial coatings" products. See details.
Environmental Sustainability
The Environmental Impact score for Covestro is -6.95.

1.8

News and Social Media Coverage

News Sentiment
Covestro has a news sentiment score of 0.17. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.29 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 7 news articles for Covestro this week, compared to 1 article on an average week.
MarketBeat Follows
Only 2 people have added Covestro to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

N/A

Company Ownership

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

1.9

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Covestro is 4.00, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 119.47.
Price to Earnings Ratio vs. Sector
The P/E ratio of Covestro is 4.00, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 76.27.
Price to Earnings Growth Ratio
Due to a projected decrease in earnings for Covestro, their PEG ratio cannot be calculated.
Price to Book Value per Share Ratio
Covestro has a P/B Ratio of 0.65. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

September 29, 2022 | americanbankingnews.com

Covestro (ETR:1COV) Given a €40.00 Price Target at JPMorgan Chase & Co.

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 22, 2022 | americanbankingnews.com

Covestro (ETR:1COV) Given a €45.00 Price Target by The Goldman Sachs Group Analysts

September 22, 2022 | americanbankingnews.com

Covestro (ETR:1COV) PT Set at €44.00 by Berenberg Bank

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

August 2, 2022 | cnbc.com

German chemicals firm warns of production chain collapse as Putin squeezes gas flows - CNBC

August 2, 2022 | reuters.com

Chemicals group Covestro raises 2022 energy costs forecast - Reuters

August 1, 2022 | marketwatch.com

Covestro Shares Trade Lower After Guidance Cut - MarketWatch

July 31, 2022 | nasdaq.com

Covestro cuts full-year outlook for the second time this year - Nasdaq

July 29, 2022 | marketwatch.com

Covestro 2Q EBITDA EUR547M - MarketWatch

July 19, 2022 | businesswire.com

Air Liquide to Build Two New Hydrogen Production Units With Carbon Capture Technology in Shanghai Chemical Industry Park - Business Wire

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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1COV Company Calendar

Today: 9/30/2022
Next Earnings (Estimated): 10/25/2022

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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: €46.64
High Stock Price Forecast: €76.00
Low Stock Price Forecast: €31.00
Forecasted Upside/Downside: +64.5%
Consensus Rating: N/A
Rating Score (0-4): 0.00
Research Coverage: 0 Analysts

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: 4.00
Forward P/E Ratio: 9.10
P/E Growth: -0.41
Net Income: N/A
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: N/A
Return on Assets: N/A

Debt

Debt-to-Equity Ratio: 36.57
Current Ratio: 1.79
Quick Ratio: 0.91

Sales & Book Value

Annual Sales: $18.03 billion
Price / Sales: 0.31
Cash Flow: €1.99 per share
Price / Cash Flow: 14.51
Book Value: €44.19 per share
Price / Book: 0.65

Miscellaneous

Outstanding Shares: 193,200,000
Free Float: N/A
Market Cap: $5.57 billion
Optionable: Not Optionable
Beta: N/A

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 2022?: 0 Wall Street research analysts have issued 12-month price targets for Covestro's stock. Their 1COV share price forecasts range from €31.00 to €76.00. On average, they predict the company's stock price to reach €46.64 in the next twelve months. This suggests a possible upside of 61.7% 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 2022?: Covestro's stock was trading at €54.20 at the start of the year. Since then, 1COV shares have decreased by 46.8% and is now trading at €28.85.
View the best growth stocks for 2022 here.
When is Covestro's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 25th 2022.
View our 1COV earnings forecast.
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 11.40%. 1COV has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 47.16%. This payout ratio is at a healthy, sustainable level, below 75%.

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 €28.85.
How much money does Covestro make?: Covestro (ETR:1COV) has a market capitalization of $5.57 billion and generates $18.03 billion in revenue each year.
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 9/30/2022 by MarketBeat.com Staff

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Covestro - 1COV Stock Forecast, Price & News

Covestro MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Covestro (ETR:1COV) Stock

1COV Stock News Headlines

1COV Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

1COV Stock - Frequently Asked Questions

MarketBeat Resources

Premium Research Tools

Market Data and Calendars

Investing Education and Resources

Overall MarketRank^™