Covestro (COVTY) Stock Forecast, Price & News

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Covestro in the last year. There are currently 1 sell rating, 6 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.

13 Wall Street analysts have issued twelve-month target prices 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 $40.29 in the next twelve months. This suggests a possible upside of 93.2% 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 $19.45 at the beginning of the year. Since then, COVTY stock has increased by 7.2% and is now trading at $20.85.
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Covestro saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 1,100 shares, an increase of 57.1% from the April 30th total of 700 shares. Based on an average daily volume of 36,000 shares, the short-interest ratio is presently 0.0 days.
View Covestro's Short Interest.

Covestro AG (OTCMKTS:COVTY) posted its earnings results on Thursday, March, 2nd. The company reported ($1.67) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.62) by $1.05. The company had revenue of $4.05 billion for the quarter. Covestro had a negative net margin of 4.07% and a negative trailing twelve-month return on equity of 5.41%.

Covestro (OTCMKTS:COVTY) pays an annual dividend of $1.32 per share and currently has a dividend yield of 6.31%. 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.

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 $20.85.

The company employs 17,985 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.