ETR:1COV Covestro Stock Forecast, Price & 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 €44.24 +0.52 (+1.19 %) (As of 09/22/2020 12:00 AM ET) Add Compare Share Today's Range€43.44Now: €44.24▼€44.4250-Day Range€32.86MA: €40.13▼€46.8352-Week Range€23.54Now: €44.24▼€48.18Volume1.14 million shsAverage Volume917,794 shsMarket Capitalization$8.09 billionP/E Ratio53.24Dividend Yield2.75%BetaN/A ProfileAnalyst RatingsChartCompetitorsHeadlines 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™ 2.2 Analyst's Opinion Consensus RatingCovestro has received a consensus rating of Hold. The company's average rating score is 2.38, and is based on 8 buy ratings, 6 hold ratings, and 2 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of €44.83, Covestro has a forecasted upside of 1.3% from its current price of €44.24.Amount of Analyst CoverageCovestro has been the subject of 13 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 2.5 Community Rank Outperform VotesCovestro has received 468 “outperform” votes. (Add your “outperform” vote.)Underperform VotesCovestro has received 475 “underperform” votes. (Add your “underperform” vote.)Community SentimentCovestro has received 50.37% “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 0.8 Dividend Strength Dividend YieldCovestro pays a meaningful dividend of 2.75%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthCovestro does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Covestro is 144.40%. 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 1.3 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Covestro is 53.24, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 18.40.Price to Earnings Ratio vs. SectorThe P/E ratio of Covestro is 53.24, which means that it is trading at a more expensive P/E ratio than the Basic Materials sector average P/E ratio of about 36.60.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 1.55. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next Analyst Opinion: 2.2Community Rank: 2.5Dividend Strength: 0.8Insider Behavior: 0.0Valuation: 1.3 5 -4 -3 -2 -1 -Overall Beat the Market Rank™1.35 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 Ratio63.67 Current Ratio2.83 Quick Ratio1.88Price-To-Earnings Trailing P/E Ratio53.24 Forward P/E Ratio4.63 P/E Growth0.62 Sales & Book Value Annual Sales$10.97 billion Price / Sales0.74 Cash Flow€11.28 per share Price / Cash Flow3.92 Book Value€28.49 per share Price / Book1.55Profitability 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$8.09 billion Next Earnings Date10/27/2020 (Estimated) OptionableNot Optionable €44.24 +0.52 (+1.19 %) (As of 09/22/2020 12:00 AM ET) 30 days | 90 days | 365 days | Advanced Chart 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? Covestro's stock was trading at €29.74 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, 1COV stock has increased by 48.8% and is now trading at €44.24. View which stocks have been most impacted by COVID-19. Do Wall Street analysts recommend investors buy shares of Covestro? 16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Covestro in the last year. There are currently 2 sell ratings, 6 hold ratings and 8 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 Tuesday, October 27th 2020. View our earnings forecast for Covestro. What price target have analysts set for 1COV? 16 brokerages have issued 12-month price targets for Covestro's stock. Their forecasts range from €29.00 to €67.00. On average, they anticipate Covestro's stock price to reach €44.83 in the next twelve months. This suggests a possible upside of 1.3% from the stock's current price. View analysts' price targets for Covestro. Who are some of Covestro's key competitors? Some companies that are related to Covestro include Symrise (SY1), Brenntag (BNR), Croda International (CRDA), Johnson Matthey (JMAT), Lanxess (LXS), Avient (AVNT), Victrex (VCT), Synthomer (SYNT), Chemtrade Logistics Income Fund (CHE.UN), Elementis (ELM), Scapa Group (SCPA), Zotefoams (ZTF), Ecosynthetix (ECO), Nano One Materials (NNO) and Directa Plus (DCTA). 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), Allianz (ALV), Aegean Marine Petroleum Network (ANW), Honeywell International (HON) and Micron Technology (MU). 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 €44.24. How big of a company is Covestro? Covestro has a market capitalization of $8.09 billion and generates $10.97 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 9/23/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your Risk-Free Trial Subscription Here Questions? Get Started with MarketBeat — Read Your Daily NewsletterCheck Out My MarketBeatWatch Our Tutorial VideosAdd a Stock to Your WatchlistSet Up an Instant AlertView a Company's Profile PageView Our Financial CalendarsView Today's Analyst Ratings
