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The Next Big Crisis Is Here (Ad)
Lots of sound and fury on US debt, but not a crisis — yet
Italy's premier visits Libya for talks on energy, migration
The Next Big Crisis Is Here (Ad)
Italy, Libya sign $8B gas deal as PM Meloni visits Tripoli
Online system to seek asylum in US is quickly overwhelmed
The Next Big Crisis Is Here (Ad)
Challenge for Tunisian democracy: Getting voters to show up
Is tipping getting out of control? Many consumers say yes
S&P 500   3,852.36
DOW   32,920.46
QQQ   296.26
Is Buying an Aged Corporation a Good Idea?
The Next Big Crisis Is Here (Ad)
Lots of sound and fury on US debt, but not a crisis — yet
Italy's premier visits Libya for talks on energy, migration
The Next Big Crisis Is Here (Ad)
Italy, Libya sign $8B gas deal as PM Meloni visits Tripoli
Online system to seek asylum in US is quickly overwhelmed
The Next Big Crisis Is Here (Ad)
Challenge for Tunisian democracy: Getting voters to show up
Is tipping getting out of control? Many consumers say yes
S&P 500   3,852.36
DOW   32,920.46
QQQ   296.26
Is Buying an Aged Corporation a Good Idea?
The Next Big Crisis Is Here (Ad)
Lots of sound and fury on US debt, but not a crisis — yet
Italy's premier visits Libya for talks on energy, migration
The Next Big Crisis Is Here (Ad)
Italy, Libya sign $8B gas deal as PM Meloni visits Tripoli
Online system to seek asylum in US is quickly overwhelmed
The Next Big Crisis Is Here (Ad)
Challenge for Tunisian democracy: Getting voters to show up
Is tipping getting out of control? Many consumers say yes
S&P 500   3,852.36
DOW   32,920.46
QQQ   296.26
Is Buying an Aged Corporation a Good Idea?
The Next Big Crisis Is Here (Ad)
Lots of sound and fury on US debt, but not a crisis — yet
Italy's premier visits Libya for talks on energy, migration
The Next Big Crisis Is Here (Ad)
Italy, Libya sign $8B gas deal as PM Meloni visits Tripoli
Online system to seek asylum in US is quickly overwhelmed
The Next Big Crisis Is Here (Ad)
Challenge for Tunisian democracy: Getting voters to show up
Is tipping getting out of control? Many consumers say yes
OTCMKTS:COVTY

Covestro - COVTY Stock Forecast, Price & News

$23.01
+0.04 (+0.17%)
(As of 01/27/2023 12:00 AM ET)
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Compare
Today's Range
$22.86
$23.14
50-Day Range
$18.04
$23.22
52-Week Range
$13.70
$31.55
Volume
399,896 shs
Average Volume
182,283 shs
Market Capitalization
N/A
P/E Ratio
8.75
Dividend Yield
5.72%
Price Target
$42.56

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

The Next Big Crisis Is Here
You just can’t see it yet because it’s NOT a banking, financial, or economic crisis… it’s far worse and threatens every dollar in your retirement account.
Covestro Shares Fall After News of 2022 Net Loss
Covestro Reports Preliminary Net Loss In FY22
EQS-Adhoc: Covestro AG: Preliminary results for fiscal year 2022
Covestro 2022 Net Loss EUR300M
Is This The End of Capitalism?
EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…
Covestro: Updating On Chemicals And The 'Buy'
C-Suite Awards: A Q&A with Haakan Jonsson, Covestro
Covestro AG (CVVTF) Q3 2022 Earnings Call Transcript
Covestro: Our Comments On Q3 Results
Covestro AG (COVTY)
LyondellBasell: Management Is A Great Capital Allocator
See More Headlines
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COVTY Company Calendar

Today
1/29/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Private households
Sub-Industry
N/A
Current Symbol
OTCMKTS:COVTY
CIK
N/A
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
+85.0%
Consensus Rating
Hold
Rating Score (0-4)
2.43
Research Coverage
14 Analysts

Profitability

Net Income
$1.91 billion
Pretax Margin
7.28%

Debt

Sales & Book Value

Annual Sales
$18.82 billion
Cash Flow
$7.47 per share
Book Value
$23.77 per share

Miscellaneous

Free Float
N/A
Optionable
Not Optionable
Beta
1.21

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













COVTY Stock - Frequently Asked Questions

Should I buy or sell Covestro stock 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, 6 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research 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 research analysts have issued 12-month price objectives for Covestro's shares. Their COVTY share price forecasts range from $31.00 to $60.00. On average, they anticipate the company's stock price to reach $42.56 in the next year. This suggests a possible upside of 85.0% 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 at the beginning of 2023. Since then, COVTY shares have increased by 18.3% and is now trading at $23.01.
View the best growth stocks for 2023 here
.

How often does Covestro pay dividends? What is the dividend yield for Covestro?

Covestro declared a dividend on Tuesday, April 19th. Stockholders of record on Monday, April 25th will be paid a dividend of $1.3605 per share on Friday, May 6th. This represents a yield of 5.92%. The ex-dividend date of this dividend 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 5.73%. COVTY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 50.19%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, COVTY will have a dividend payout ratio of 275.00% in the coming year. This indicates that the company may not be able to sustain their current dividend.
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 $23.01.

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 1/29/2023 by MarketBeat.com Staff