ETR:1COV

Covestro Stock Forecast, Price & News

€58.50
+1.74 (+3.07 %)
(As of 04/16/2021 12:00 AM ET)
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Today's Range
€56.20
Now: €58.50
€58.66
50-Day Range
€53.70
MA: €57.98
€62.48
52-Week Range
€27.94
Now: €58.50
€63.24
Volume1.53 million shs
Average Volume917,794 shs
Market Capitalization$11.30 billion
P/E Ratio23.59
Dividend Yield2.33%
BetaN/A
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.
Covestro logo

Industry, Sector and Symbol

Industry Specialty Chemicals
Sub-IndustryN/A
CUSIPN/A
CIKN/A
Phone+49-214-60092000
Employees14,539
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$10.71 billion
Cash Flow€11.79 per share
Book Value€29.03 per share

Profitability

Miscellaneous

Market Cap$11.30 billion
Next Earnings Date4/28/2021 (Estimated)
OptionableNot Optionable

Headlines

Covestro Issues AGM Statement - Nasdaq
April 16, 2021 |  nasdaq.com
Covestro (ETR:1COV) Given a €72.00 Price Target at Baader Bank
April 14, 2021 |  americanbankingnews.com
Covestro (ETR:1COV) Receives Buy Rating from DZ Bank
April 6, 2021 |  americanbankingnews.com
See More Headlines

MarketRank

Overall MarketRank

1.78 out of 5 stars

Analyst Opinion: 2.3Community Rank: 2.5Dividend Strength: 1.7Insider Behavior: 0.0Valuation: 2.5 5 -4 -3 -2 -1 -
€58.50
+1.74 (+3.07 %)
(As of 04/16/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Covestro (ETR:1COV) Frequently Asked Questions

Is Covestro a buy right now?

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Covestro in the last twelve months. There are currently 1 sell rating, 5 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research 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 Wednesday, April 28th 2021.
View our earnings forecast for Covestro
.

How has Covestro's stock price been impacted by Coronavirus (COVID-19)?

Covestro's stock was trading at €29.74 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, 1COV shares have increased by 96.7% and is now trading at €58.50.
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 2.33%. The dividend payout ratio of Covestro is 52.42%. 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 equities research analysts have issued 1 year price targets for Covestro's stock. Their forecasts range from €29.00 to €76.00. On average, they expect Covestro's share price to reach €62.15 in the next twelve months. This suggests a possible upside of 6.2% 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 Schäfer, 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?

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 €58.50.

How much money does Covestro make?

Covestro has a market capitalization of $11.30 billion and generates $10.71 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 4/17/2021 by MarketBeat.com Staff
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