Covestro - COVTY Stock Forecast, Price & News

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Covestro in the last year. There are currently 5 hold ratings and 4 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.

9 Wall Street research analysts have issued 1-year price targets for Covestro's stock. Their COVTY share price forecasts range from $34.00 to $62.00. On average, they anticipate the company's stock price to reach $48.94 in the next year. This suggests a possible upside of 186.7% from the stock's current price.
View analysts price targets for COVTY or view top-rated stocks among Wall Street analysts.

Covestro's stock was trading at $30.90 at the start of the year. Since then, COVTY shares have decreased by 44.8% and is now trading at $17.07.
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Covestro saw a decline in short interest during the month of July. As of July 31st, there was short interest totaling 41,700 shares, a decline of 12.9% from the July 15th total of 47,900 shares. Based on an average trading volume of 280,800 shares, the short-interest ratio is currently 0.1 days.
View Covestro's Short Interest.

Covestro declared a dividend on Tuesday, April 19th. Stockholders 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.

Covestro (OTCMKTS:COVTY) pays an annual dividend of $1.32 per share and currently has a dividend yield of 7.94%. COVTY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 32.67%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, COVTY will have a dividend payout ratio of 96.35% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for COVTY.

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

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.
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One share of COVTY stock can currently be purchased for approximately $17.07.

Covestro (OTCMKTS:COVTY) has a market capitalization of $6.60 billion and generates $18.82 billion in revenue each year. The company earns $1.91 billion in net income (profit) each year or $4.04 on an earnings per share basis.

The company employs 17,557 workers across the globe.

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.