Covestro Stock Forecast, Price & News

Covestro (OTCMKTS:COVTY) Frequently Asked Questions

Is Covestro a buy right now?

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Covestro in the last year. There are currently 2 sell ratings, 4 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research 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.

How has Covestro's stock price been impacted by Coronavirus (COVID-19)?

Covestro's stock was trading at $16.7050 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, COVTY shares have increased by 72.2% and is now trading at $28.77.
View which stocks have been most impacted by COVID-19.

Are investors shorting Covestro?

Covestro saw a decrease in short interest in November. As of November 15th, there was short interest totaling 2,100 shares, a decrease of 56.3% from the October 31st total of 4,800 shares. Based on an average daily trading volume, of 53,000 shares, the days-to-cover ratio is presently 0.0 days.
View Covestro's Short Interest.

How were Covestro's earnings last quarter?

Covestro AG (OTCMKTS:COVTY) released its quarterly earnings results on Monday, November, 8th. The company reported $1.44 earnings per share for the quarter. The firm earned $5.07 billion during the quarter, compared to analyst estimates of $5 billion. Covestro had a trailing twelve-month return on equity of 20.12% and a net margin of 8.90%.
View Covestro's earnings history.

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

Covestro announced a dividend on Thursday, April 15th. Shareholders of record on Tuesday, April 20th will be given 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.

Is Covestro a good dividend stock?

Covestro pays an annual dividend of $0.55 per share and currently has a dividend yield of 1.90%. The dividend payout ratio of Covestro is 14.18%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Covestro will have a dividend payout ratio of 15.32% next year. This indicates that Covestro will be able to sustain or increase its dividend.
View Covestro's dividend history.

What price target have analysts set for COVTY?

12 analysts have issued twelve-month price targets for Covestro's stock. Their forecasts range from $72.00 to $72.00. On average, they anticipate Covestro's stock price to reach $72.00 in the next twelve months. This suggests a possible upside of 150.3% from the stock's current price.
View analysts' price targets for Covestro or view top-rated stocks among Wall Street analysts.

Who are Covestro's key executives?

Covestro's management team includes the following people:

• Dr. Markus Steilemann, CEO & Chairman of Management Board (Age 51, Pay $3.81M)
• Dr. Thomas Toepfer, CFO, Labor Director & Member of Management Board (Age 49, Pay $2.18M)
• Dr. Klaus Schäfer, CTO & Member of Management Board (Age 59, Pay $1.86M)
• Ms. Sucheta Govil, Chief Commercial Officer & Member of Management Board (Age 58, Pay $1.71M)
• Mr. Ronald Koehler, Head of Investor Relations
• Dr. Joachim H. Wolff, Head of Polyurethanes Bus. Unit (Age 69)
• Mr. Daniel Meyer, Head of Polyurethanes (PU) Segment (Age 54)
• Ms. Michelle B. B. Jou, Head of Polycarbonates Segment (Age 52)
• Michael Friede, Head of S Coatings, Adhesives, Specialties Segment
• Mr. Uwe Arndt, Head of MDI Site

Who are some of Covestro's key competitors?

Some companies that are related to Covestro include SMC (SMCAY), Bank of Communications (BCMXY), The Swatch Group (SWGAY), Experian (EXPGY), Jardine Matheson (JMHLY), Techtronic Industries (TTNDY), Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (MURGY), Seven & i (SVNDY), Compass Group (CMPGY), Ashtead Group (ASHTY), Japan Tobacco (JAPAY), Constellation Software (CNSWF), Sun Hung Kai Properties (SUHJY), DNB Bank ASA (DNBBY) and Kuehne + Nagel International (KHNGY).
View all of COVTY's competitors.

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 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 $28.77.

How much money does Covestro make?

Covestro has a market capitalization of $11.12 billion and generates $12.23 billion in revenue each year. The company earns $524.32 million in net income (profit) each year or $3.88 on an earnings per share basis.

How many employees does Covestro have?

Covestro employs 16,736 workers across the globe.

What is Covestro's official website?

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

Where are Covestro's headquarters?

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

How can I contact Covestro?

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].