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OTCMKTS:COVTY

Covestro - COVTY Stock Forecast, Price & News

$19.28
-0.07 (-0.36%)
(As of 12/6/2022 12:00 AM ET)
Add
Compare
Today's Range
$19.11
▼
$19.45
50-Day Range
$14.17
▼
$19.91
52-Week Range
$13.70
▼
$32.70
Volume
23,112 shs
Average Volume
29,184 shs
Market Capitalization
N/A
P/E Ratio
7.33
Dividend Yield
6.80%
Price Target
$42.56

Covestro MarketRank™ Forecast

Analyst Rating
Hold
2.43 Rating Score
Upside/​Downside
120.8% Upside
$42.56 Price Target
Short Interest
Healthy
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
-38.33%
From $1.20 to $0.74 Per Share

Overall MarketRank™

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

3.17 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

December 1, 2022 | msn.com
Covestro, TMT launch 1,000th polyurethane wind rotor blade
November 7, 2022 | marketwatch.com
Covestro Pauses Investment Project for World-Scale MDI Plant
November 2, 2022 | reuters.com
Covestro warns of dividend ban in gas price cap mechanism
November 1, 2022 | bizjournals.com
C-Suite Awards: A Q&A with Haakan Jonsson, Covestro
October 25, 2022 | seekingalpha.com
Covestro AG (CVVTF) Q3 2022 Earnings Call Transcript
October 25, 2022 | seekingalpha.com
Covestro: Our Comments On Q3 Results
October 25, 2022 | reuters.com
Covestro cuts FY profit outlook again on energy, raw material costs
October 25, 2022 | reuters.com
Covestro cuts profit outlook again on rising energy, raw material costs
October 25, 2022 | cnbc.com
Gas prices in Europe expected to 'remain volatile': Covestro CEO
October 25, 2022 | marketwatch.com
Covestro Shares Fall on 2022 Guidance Cut, Missed 3Q Views
October 25, 2022 | money.usnews.com
Covestro Cuts Profit Outlook Again on Energy, Raw Material Costs
October 6, 2022 | finance.yahoo.com
Covestro AG (COVTY)
September 17, 2022 | seekingalpha.com
LyondellBasell: Management Is A Great Capital Allocator
August 31, 2022 | marketwatch.com
Covestro Looking for Savings as Energy Costs Surge, Financial Chief Says
August 19, 2022 | msn.com
Covestro to invest 27 million euro for sustainable polycarbonates
August 8, 2022 | tmcnet.com
Stratasys Signs Agreement to Acquire Covestro's Additive Manufacturing Materials Business
August 3, 2022 | seekingalpha.com
Covestro AG (CVVTF) CEO Markus Steilemann on Q2 2022 Results - Earnings Call Transcript
August 2, 2022 | msn.com
Covestro Group sales rise 18.9% for Q2 2022
July 20, 2022 | markets.businessinsider.com
Geno and Aquafil begin pre-commercial production for plant-based nylon-6
July 15, 2022 | seekingalpha.com
Why Covestro Is Even More Attractive At This Price
July 13, 2022 | uk.finance.yahoo.com
Is the Covestro AG share price too low?
June 10, 2022 | marketwatch.com
Covestro Extends CEO's Contract by Five Years
June 7, 2022 | markets.businessinsider.com
Covestro and QC Ware Partner to Develop Quantum Algorithms for Materials R&D
May 25, 2022 | msn.com
Covestro CEO says shift from Russian gas will be painful for German industry
May 20, 2022 | seekingalpha.com
Covestro - Why Things Keep Dropping
See More Headlines
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COVTY Company Calendar

Today
12/07/2022
Fiscal Year End
12/31/2022
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
+120.8%
Consensus Rating
Hold
Rating Score (0-4)
2.43
Research Coverage
14 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$2.63
Trailing P/E Ratio
7.33
Forward P/E Ratio
16.07
P/E Growth
0.47
Net Income
$1.91 billion
Net Margins
5.16%
Pretax Margin
10.73%
Return on Equity
10.94%
Return on Assets
5.66%

Debt

Debt-to-Equity Ratio
0.28
Current Ratio
1.79
Quick Ratio
0.91

Sales & Book Value

Annual Sales
$18.82 billion
Price / Sales
N/A
Cash Flow
$7.44 per share
Price / Cash Flow
2.59
Book Value
$23.77 per share
Price / Book
0.81

Miscellaneous

Outstanding Shares
N/A
Free Float
N/A
Market Cap
N/A
Optionable
Not Optionable
Beta
1.24

Key Executives

  • Dr. Markus Steilemann (Age 52)
    CEO & Chairman of Management Board
    Comp: $3.43M
  • Dr. Thomas Toepfer (Age 50)
    CFO, Labor Director & Member of Management Board
    Comp: $2.02M
  • Dr. Klaus Schäfer (Age 60)
    CTO & Member of Management Board
    Comp: $1.64M
  • Ms. Sucheta Govil (Age 59)
    Chief Commercial Officer & Member of Management Board
    Comp: $1.61M
  • Mr. Ronald Koehler
    Head of Investor Relations
  • Dr. Joachim H. Wolff (Age 70)
    Head of Polyurethanes Bus. Unit
  • Mr. Daniel Meyer (Age 55)
    Head of Polyurethanes (PU) Segment
  • Ms. Michelle B. B. Jou (Age 53)
    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 research analysts have issued "buy," "hold," and "sell" ratings for Covestro in the last twelve months. There are currently 8 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street 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 analysts have issued twelve-month price objectives for Covestro's stock. Their COVTY share price forecasts range from $31.00 to $60.00. On average, they expect the company's stock price to reach $42.56 in the next year. This suggests a possible upside of 120.8% 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 2022?

Covestro's stock was trading at $30.90 on January 1st, 2022. Since then, COVTY shares have decreased by 37.6% and is now trading at $19.28.
View the best growth stocks for 2022 here.

Are investors shorting Covestro?

Covestro saw a decline in short interest during the month of November. As of November 15th, there was short interest totaling 2,100 shares, a decline of 68.2% from the October 31st total of 6,600 shares. Based on an average trading volume of 91,100 shares, the days-to-cover ratio is currently 0.0 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 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 6.80%. 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 178.38% 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 $19.28.

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 12/7/2022 by MarketBeat.com Staff