Covestro Stock Forecast, Price & News

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Covestro in the last year. There are currently 3 sell ratings, 3 hold ratings, 8 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" Covestro stock. 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 analyst ratings for Covestro or view top-rated stocks.

Wall Street analysts have given Covestro a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Covestro wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Covestro saw a decrease in short interest in June. As of June 30th, there was short interest totaling 200 shares, a decrease of 98.7% from the June 15th total of 15,900 shares. Based on an average daily volume of 51,900 shares, the days-to-cover ratio is presently 0.0 days.
View Covestro's Short Interest.

Covestro's stock was trading at $16.7050 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, COVTY shares have increased by 98.2% and is now trading at $33.1050.
View which stocks have been most impacted by COVID-19.

Covestro declared a dividend on Thursday, April 15th. Shareholders of record on Tuesday, April 20th will be paid a dividend of $1.4705 per share on Monday, May 3rd. This represents a yield of 4.09%. The ex-dividend date of this dividend is Monday, April 19th.
View Covestro's dividend history.

Covestro pays an annual dividend of $0.55 per share and currently has a dividend yield of 1.69%. The dividend payout ratio of Covestro is 38.73%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Covestro will have a dividend payout ratio of 17.03% next year. This indicates that Covestro will be able to sustain or increase its dividend.
View Covestro's dividend history.

Some companies that are related to Covestro include HOYA (HOCPY), The Swatch Group (SWGAY), Oriental Land (OLCLY), Jardine Matheson (JMHLY), ITOCHU (ITOCY), Bank of Communications (BCMXY), Sun Hung Kai Properties (SUHJY), Seven & i (SVNDY), Henkel AG & Co. KGaA (HENKY), SMC (SMCAY), Kuehne + Nagel International (KHNGY), Experian (EXPGY), China Shenhua Energy (CSUAY), Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (MURGY) and Fujitsu (FJTSY).
View all of COVTY's competitors.

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

Shares of COVTY 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.
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One share of COVTY stock can currently be purchased for approximately $33.11.

Covestro has a market capitalization of $12.79 billion and generates $12.23 billion in revenue each year. The company earns $524.32 million in net income (profit) each year or $1.42 on an earnings per share basis.

Covestro employs 16,736 workers across the globe.

The official website for Covestro is www.covestro.com.

Covestro is headquartered at Kaiser-Wilhelm-Allee 60, Leverkusen 2M, 51373.

Covestro's mailing address is Kaiser-Wilhelm-Allee 60, Leverkusen 2M, 51373. The company can be reached via phone at 49-2146-009-2000 or via email at [email protected]