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Stock market today: Asian stocks follow Wall St up after strong US jobs report
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S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
Saudi Arabia is slashing oil supply. It could mean higher gas prices for US drivers
66,000% upside on tiny biotech? (Ad)
US, UK navies say they responded to distress call as Iran's Revolutionary Guard 'harassed' ship
Greek authorities rescue 91 migrants from river islet on border with Turkey
“One-Stock Millionaire” IGNORES 99.9% of the Market (Ad)
Chuck Todd says he's leaving 'Meet the Press' after a tumultuous near-decade moderating the NBC political panel show
Apple is expected to unveil a sleek, pricey headset. Is it the device VR has been looking for?
The “Amazon Secret Royalty Program” Can Help Anyone Retire Like Royalty (Ad)
Stock market today: Asian stocks follow Wall St up after strong US jobs report
Saudi Arabia to reduce oil output by 1 million barrels per day, while rest of OPEC+ extends previous cuts through 2024
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
Saudi Arabia is slashing oil supply. It could mean higher gas prices for US drivers
66,000% upside on tiny biotech? (Ad)
US, UK navies say they responded to distress call as Iran's Revolutionary Guard 'harassed' ship
Greek authorities rescue 91 migrants from river islet on border with Turkey
“One-Stock Millionaire” IGNORES 99.9% of the Market (Ad)
Chuck Todd says he's leaving 'Meet the Press' after a tumultuous near-decade moderating the NBC political panel show
Apple is expected to unveil a sleek, pricey headset. Is it the device VR has been looking for?
The “Amazon Secret Royalty Program” Can Help Anyone Retire Like Royalty (Ad)
Stock market today: Asian stocks follow Wall St up after strong US jobs report
Saudi Arabia to reduce oil output by 1 million barrels per day, while rest of OPEC+ extends previous cuts through 2024
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
Saudi Arabia is slashing oil supply. It could mean higher gas prices for US drivers
66,000% upside on tiny biotech? (Ad)
US, UK navies say they responded to distress call as Iran's Revolutionary Guard 'harassed' ship
Greek authorities rescue 91 migrants from river islet on border with Turkey
“One-Stock Millionaire” IGNORES 99.9% of the Market (Ad)
Chuck Todd says he's leaving 'Meet the Press' after a tumultuous near-decade moderating the NBC political panel show
Apple is expected to unveil a sleek, pricey headset. Is it the device VR has been looking for?
The “Amazon Secret Royalty Program” Can Help Anyone Retire Like Royalty (Ad)
Stock market today: Asian stocks follow Wall St up after strong US jobs report
Saudi Arabia to reduce oil output by 1 million barrels per day, while rest of OPEC+ extends previous cuts through 2024
OTCMKTS:COVTY

Covestro (COVTY) Stock Forecast, Price & News

$20.69
+1.16 (+5.95%)
(As of 06/2/2023 08:49 PM ET)
Compare
Today's Range
$20.56
▼
$20.84
50-Day Range
$19.35
▼
$22.16
52-Week Range
$13.70
▼
$24.06
Volume
30,500 shs
Average Volume
78,989 shs
Market Capitalization
$8.00 billion
P/E Ratio
N/A
Dividend Yield
6.33%
Price Target
$40.29
ProfileAnalyst RatingsChartCompetitorsEarningsHeadlinesShort Interest

Covestro MarketRank™ Forecast

Analyst Rating
Hold
2.38 Rating Score
Upside/​Downside
94.7% Upside
$40.29 Price Target
Short Interest
Healthy
0.00% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.04mentions of Covestro in the last 14 days
Based on 22 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
210.64%
From $0.47 to $1.46 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.62 out of 5 stars

See Top Rated MarketRank™ Stocks Here

COVTY stock logo

About Covestro (OTCMKTS:COVTY) 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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COVTY Stock News Headlines

June 4, 2023 | msn.com
Coventry City 'fancy' Bundesliga defender amid shock transfer claim
June 2, 2023 | msn.com
Coventry City pre-season 2023-24: First two friendly fixtures announced
June 5, 2023 | Altimetry (Ad)
Pentagon Consultant—Here's how Biden Wins Landslide Re-election
—but also hand Joe Biden a landslide re-election win. What would America look like if we slide further towards Socialism? Full story and 4 steps you can take,
June 2, 2023 | bbc.com
Jack Burroughs: Coventry City defender signs new two-year deal
June 2, 2023 | msn.com
Coventry City forward sends 'proud' and 'gutted' message after decision on future confirmed
June 2, 2023 | msn.com
First chance to step inside one of Coventry's new high-tech Very Light Rail trams at MotoFest 2023
June 1, 2023 | msn.com
Let’s relegate bad teams out of US sports. It’s good business
June 1, 2023 | msn.com
Exeter City to face Coventry City in St James Park friendly
June 5, 2023 | Altimetry (Ad)
Pentagon Consultant—Here's how Biden Wins Landslide Re-election
—but also hand Joe Biden a landslide re-election win. What would America look like if we slide further towards Socialism? Full story and 4 steps you can take,
June 1, 2023 | msn.com
Newcastle United linked with Coventry City hero as striker could be priced out of free transfer
June 1, 2023 | bbc.co.uk
Coventry Utd: Club to be renamed Rugby Borough FC and relocate after being relegated from the Championship
June 1, 2023 | msn.com
Coventry teenager remembered at huge play-off final at Wembley Stadium
June 1, 2023 | msn.com
Watchdog to look at government funding for Coventry City of Culture Trust
May 31, 2023 | msn.com
Doug King lays out Coventry City promotion plan for Mark Robins ahead of transfer window
May 31, 2023 | msn.com
Coventry City shirt sponsor update as Doug King makes Sky Blues appeal
May 31, 2023 | msn.com
First Coventry City summer signing confirmed as Dabo sent message after exit confirmed
May 30, 2023 | msn.com
Coventry City 'sickened' by racist abuse after penalty miss
May 30, 2023 | msn.com
Coventry City release former Derby County hero after play-off final heartbreak
May 30, 2023 | msn.com
Ireland international Sean Maguire released by Coventry City
May 30, 2023 | msn.com
Soccer-Coventry condemn racist abuse of Dabo after Championship playoff final loss
May 30, 2023 | msn.com
Fankaty Dabo message sent as Coventry City announce retained list
May 30, 2023 | msn.com
Coventry City announce first summer transfer as Mark Robins hails new signing
May 30, 2023 | bbc.co.uk
Jay Dasilva: Coventry City sign defender after Bristol City exit
May 30, 2023 | bbc.com
Fankaty Dabo: Coventry City 'sickened and saddened' by racist abuse after penalty miss
May 28, 2023 | msn.com
Coventry City linked with move for another Premier League prospect
May 28, 2023 | theguardian.com
EXTRA TIME, HALF TIME: Coventry City 1-1 Luton Town
May 28, 2023 | theguardian.com
GOAL! Coventry City 1-1 Luton Town (Hamer 66)
See More Headlines

COVTY Price History

COVTY Company Calendar

Last Earnings
4/28/2023
Today
6/04/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
OTCMKTS
Industry
Private households
Sub-Industry
N/A
Sector
Basic Materials
Current Symbol
OTCMKTS:COVTY
CUSIP
N/A
CIK
N/A
Web
www.covestro.com
Phone
49-2146-009-2000
Fax
N/A
Employees
17,985
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$40.29
High Stock Price Forecast
$60.00
Low Stock Price Forecast
$31.00
Forecasted Upside/Downside
+94.7%
Consensus Rating
Hold
Rating Score (0-4)
2.38
Research Coverage
13 Analysts

Profitability

EPS (Most Recent Fiscal Year)
($1.92)
Trailing P/E Ratio
N/A
Forward P/E Ratio
44.03
P/E Growth
N/A
Net Income
$-286,580,000.00
Net Margins
-4.07%
Pretax Margin
-2.72%
Return on Equity
-5.41%
Return on Assets
-2.75%

Debt

Debt-to-Equity Ratio
0.50
Current Ratio
2.20
Quick Ratio
1.27

Sales & Book Value

Annual Sales
$18.93 billion
Price / Sales
0.42
Cash Flow
$7.47 per share
Price / Cash Flow
2.77
Book Value
$23.77 per share
Price / Book
0.87

Miscellaneous

Outstanding Shares
386,400,000
Free Float
N/A
Market Cap
$8.00 billion
Optionable
Not Optionable
Beta
1.25

Key Executives

  • Dr. Markus Steilemann (Age 53)
    CEO & Chairman of Management Board
    Comp: $3.63M
  • Dr. Thomas Toepfer (Age 51)
    CFO, Labor Director & Member of Management Board
    Comp: $2.13M
  • Dr. Klaus Schäfer (Age 61)
    CTO & Member of Management Board
    Comp: $1.74M
  • Ms. Sucheta Govil (Age 60)
    Chief Commercial Officer & Member of Management Board
    Comp: $1.7M
  • Mr. Ronald Koehler
    Head of Investor Relations
  • Dr. Joachim H. Wolff (Age 71)
    Head of Polyurethanes Bus. Unit
  • Mr. Daniel Meyer (Age 56)
    Head of Polyurethanes (PU) Segment
  • Ms. Michelle B. B. Jou (Age 54)
    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













COVTY Stock - Frequently Asked Questions

Should I buy or sell Covestro stock right now?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Covestro in the last twelve months. There are currently 1 sell rating, 6 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" COVTY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in COVTY, but not buy additional shares or sell existing shares.
View COVTY analyst ratings or view top-rated stocks.

What is Covestro's stock price forecast for 2023?

13 Wall Street analysts have issued 1 year target prices for Covestro's shares. Their COVTY share price forecasts range from $31.00 to $60.00. On average, they anticipate the company's share price to reach $40.29 in the next twelve months. This suggests a possible upside of 94.7% from the stock's current price.
View analysts price targets for COVTY or view top-rated stocks among Wall Street analysts.

How have COVTY shares performed in 2023?

Covestro's stock was trading at $19.45 at the start of the year. Since then, COVTY stock has increased by 6.4% and is now trading at $20.6930.
View the best growth stocks for 2023 here.

Are investors shorting Covestro?

Covestro saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 1,100 shares, an increase of 57.1% from the April 30th total of 700 shares. Based on an average trading volume of 36,000 shares, the short-interest ratio is currently 0.0 days.
View Covestro's Short Interest.

How were Covestro's earnings last quarter?

Covestro AG (OTCMKTS:COVTY) posted its quarterly earnings data on Friday, April, 28th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.12) by $0.04. The company had revenue of $4.02 billion for the quarter. Covestro had a negative net margin of 4.07% and a negative trailing twelve-month return on equity of 5.41%.

Is Covestro a good dividend stock?

Covestro (OTCMKTS:COVTY) pays an annual dividend of $1.31 per share and currently has a dividend yield of 6.74%. COVTY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for COVTY.

What is Covestro's stock symbol?

Covestro trades on the OTCMKTS under the ticker symbol "COVTY."

How do I buy shares of Covestro?

Shares of COVTY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Covestro's stock price today?

One share of COVTY stock can currently be purchased for approximately $20.69.

How much money does Covestro make?

Covestro (OTCMKTS:COVTY) has a market capitalization of $8.00 billion and generates $18.93 billion in revenue each year. The company earns $-286,580,000.00 in net income (profit) each year or ($1.92) on an earnings per share basis.

How many employees does Covestro have?

The company employs 17,985 workers across the globe.

How can I contact Covestro?

Covestro's mailing address is Kaiser-Wilhelm-Allee 60, Leverkusen 2M, 51373. The official website for the company is www.covestro.com. The company can be reached via phone at 49-2146-009-2000 or via email at ir@covestro.com.

This page (OTCMKTS:COVTY) was last updated on 6/5/2023 by MarketBeat.com Staff

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