OTCMKTS:COVTY

Covestro - COVTY Stock Forecast, Price & News

$19.61

-0.62 (-3.06%)

(As of 03/24/2023 12:00 AM ET)

Add

Compare

Today's Range: $19.38
▼
$19.64
50-Day Range: $18.86
▼
$23.85
52-Week Range: $13.70
▼
$27.50

Volume: 41,160 shs
Average Volume: 123,012 shs
Market Capitalization: N/A

P/E Ratio: N/A
Dividend Yield: 6.73%
Price Target: $42.56

Covestro MarketRank™ Forecast

Analyst Rating: Hold
2.43 Rating Score
Upside/Downside: 117.0% Upside
$42.56 Price Target
Short Interest: Bearish
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.23
Based on 18 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: -63.01%
From $0.73 to $0.27 Per Share

Overall MarketRank^™

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

2.04 out of 5 stars

3.2

Analyst's Opinion

Consensus Rating
Covestro has received a consensus rating of Hold. The company's average rating score is 2.43, and is based on 7 buy ratings, 6 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $42.56, Covestro has a forecasted upside of 117.0% from its current price of $19.61.
Amount of Analyst Coverage
Covestro has only been the subject of 2 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
Short Interest Ratio / Days to Cover
Covestro has a short interest ratio ("days to cover") of 0.1, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Covestro has recently increased by 277.78%, indicating that investor sentiment is decreasing significantly.

1.7

Dividend Strength

Dividend Leadership
Covestro is a leading dividend payer. It pays a dividend yield of 6.41%, 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 Sustainability
Based on EPS estimates, Covestro will have a dividend payout ratio of 488.89% in the coming year. This indicates that Covestro may not be able to sustain their current dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for COVTY.

1.8

News and Social Media Coverage

News Sentiment
Covestro has a news sentiment score of 0.23. 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 0.35 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 18 news articles for Covestro this week, compared to 4 articles on an average week.

N/A

Company Ownership

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

0.6

Earnings and Valuation

Earnings Growth
Earnings for Covestro are expected to decrease by -63.01% in the coming year, from $0.73 to $0.27 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Covestro is -28.42, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Covestro is -28.42, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Covestro has a P/B Ratio of 0.82. 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 (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.

Receive COVTY Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Covestro and its competitors with MarketBeat's FREE daily newsletter.

COVTY Stock News Headlines

March 25, 2023 | msn.com

Spacious three-bedroom Coventry city centre home on sale for under £185,000

March 25, 2023 | msn.com

Coventry City and their Championship play-off rivals assessed ahead of final run-in

March 25, 2023 | Legacy Research (Affiliate) (Ad)

"Prepare for Five Years of Famine"

Market Wizard who predicted all indexes would be negative in 2022 shares shocking new forecast

March 24, 2023 | msn.com

Coventry City among three clubs 'looking to land' Stoke City man on brink of first international cap

March 24, 2023 | msn.com

Revealed: What's next for Coventry City's Ryton headquarters and plans for ‘proper’ training ground

March 24, 2023 | msn.com

Singer and Coventry City fan Tom Grennan stops gig after fan in collapse drama

March 23, 2023 | msn.com

What Mark Robins told Gustavo Hamer after Coventry City win at Blackpool

March 22, 2023 | msn.com

Derby County notebook: Ex-Coventry City star spotted, training guest and Craig Forsyth gesture

March 25, 2023 | Stansberry Research (Ad)

The gold catalyst we’ve waited for

If you thought the SVB meltdown was bad… watch out. Because even bigger red flag just appeared. This signal proves that a recession is likely right around the corner. It will take most by surprise. Stocks will crash. Millions will go jobless, and lose their homes. But there is ONE important step you should take today to make sure you come out the other side OK.

March 22, 2023 | msn.com

Inquiry call into Coventry City of Culture Trust amid fears for city's reputation

March 21, 2023 | msn.com

Revealed: What Coventry City can expect to earn from Dom Hyam’s move to Blackburn Rovers

March 21, 2023 | msn.com

Former Coventry City favourite sold for a snip gets first international call after fantastic form

March 20, 2023 | msn.com

Coventry City notebook: Kyle's kid gloves, international concerns and Vik celebration theory emerges

March 20, 2023 | bbc.com

Kyle McFadzean: Coventry City captain says rest of squad have to take pressure off top scorer Viktor Gyokeres

March 20, 2023 | msn.com

Coventry City's transfer niche and the patience Mark Robins requires

March 20, 2023 | msn.com

Mark Robins reveals plan to 'unlock' Coventry City star from growing frustration

March 19, 2023 | msn.com

The Coventry Blitz Museum keeping alive the memory of the most tragic episode in our city's history

March 19, 2023 | msn.com

Coventry City boss singled out as pundits issue verdict on red card call on Gyokeres

March 18, 2023 | msn.com

Mark Robins 'dares to dream' as Coventry City close gap on Championship play-offs

March 18, 2023 | msn.com

Mark Robins makes three changes to his Coventry City side to face Blackpool

March 18, 2023 | bbc.com

Blackpool v Coventry City

March 16, 2023 | msn.com

Coventry City enter contract negotiations with star amid Premier League links

March 16, 2023 | msn.com

Coventry City predicted team vs Blackpool: Midfield switch and favourite returns

March 16, 2023 | msn.com

Blackpool boss Mick McCarthy makes Coventry City prediction after his side ‘destroyed’ QPR

March 16, 2023 | msn.com

Ted Lasso: How Stoke City old boy played part in hit show

March 16, 2023 | msn.com

“A lot closer” - Mark Robins offers triple injury update at Coventry City

March 15, 2023 | bbc.com

Wigan Athletic 1-1 Coventry City: Draw lifts Latics off the bottom

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

Receive COVTY Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Covestro and its competitors with MarketBeat's FREE daily newsletter.

COVTY Company Calendar

Today: 3/25/2023
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: 17,557
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $42.56
High Stock Price Forecast: $60.00
Low Stock Price Forecast: $31.00
Forecasted Upside/Downside: +117.0%
Consensus Rating: Hold
Rating Score (0-4): 2.43
Research Coverage: 14 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.69)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 26.86
P/E Growth: N/A
Net Income: $-286,630,000.00
Net Margins: -1.34%
Pretax Margin: 7.28%
Return on Equity: 0.30%
Return on Assets: 0.16%

Debt

Debt-to-Equity Ratio: 0.27
Current Ratio: 1.78
Quick Ratio: 0.87

Sales & Book Value

Annual Sales: $18.93 billion
Price / Sales: N/A
Cash Flow: $7.13 per share
Price / Cash Flow: 2.75
Book Value: $23.77 per share
Price / Book: 0.82

Miscellaneous

Outstanding Shares: N/A
Free Float: N/A
Market Cap: N/A
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?: 14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Covestro in the last year. There are currently 1 sell rating, 6 hold ratings and 7 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?: 14 Wall Street analysts have issued twelve-month price targets 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 $42.56 in the next year. This suggests a possible upside of 117.0% 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 on January 1st, 2023. Since then, COVTY shares have increased by 0.8% and is now trading at $19.61.
View the best growth stocks for 2023 here.
Are investors shorting Covestro?: Covestro saw a increase in short interest in February. As of February 28th, there was short interest totaling 3,400 shares, an increase of 277.8% from the February 13th total of 900 shares. Based on an average trading volume of 38,500 shares, the short-interest ratio is presently 0.1 days.
View Covestro's Short Interest.
How often does Covestro pay dividends? What is the dividend yield for Covestro?: Covestro announced a dividend on Tuesday, April 19th. Investors of record on Monday, April 25th will be given a dividend of $1.3605 per share on Friday, May 6th. This represents a dividend yield of 5.92%. The ex-dividend date is Friday, April 22nd.
Read our dividend analysis for COVTY.

Is Covestro a good dividend stock?: Covestro (OTCMKTS:COVTY) pays an annual dividend of $1.32 per share and currently has a dividend yield of 6.41%. 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 $19.61.
How many employees does Covestro have?: The company employs 17,557 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 3/25/2023 by MarketBeat.com Staff

Get 30 Days of MarketBeat All Access Free

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 from 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 30-Day Free Trial

Covestro - COVTY Stock Forecast, Price & News

Covestro MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Company Ownership

Earnings and Valuation

About Covestro (OTCMKTS:COVTY) Stock

COVTY Stock News Headlines

COVTY Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

COVTY Stock - Frequently Asked Questions

Overall MarketRank^™