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OTCMKTS:COVTY

Covestro (COVTY) Stock Forecast, Price & News

$20.85
+0.27 (+1.31%)
(As of 05/26/2023 08:48 PM ET)
Compare
Today's Range
$20.67
$20.85
50-Day Range
$19.61
$22.16
52-Week Range
$13.70
$24.06
Volume
17,800 shs
Average Volume
80,608 shs
Market Capitalization
N/A
P/E Ratio
N/A
Dividend Yield
6.33%
Price Target
$40.29

Covestro MarketRank™ Forecast

Analyst Rating
Hold
2.38 Rating Score
Upside/​Downside
93.2% Upside
$40.29 Price Target
Short Interest
Bearish
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.34mentions of Covestro in the last 14 days
Based on 70 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
210.64%
From $0.47 to $1.46 Per Share

Overall MarketRank

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

2.51 out of 5 stars


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

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COVTY Company Calendar

Last Earnings
3/02/2023
Today
5/28/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Private households
Sub-Industry
N/A
Current Symbol
OTCMKTS:COVTY
CIK
N/A
Fax
N/A
Employees
17,985
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$40.29
High Stock Price Forecast
$60.00
Low Stock Price Forecast
$31.00
Forecasted Upside/Downside
+93.2%
Consensus Rating
Hold
Rating Score (0-4)
2.38
Research Coverage
13 Analysts

Profitability

Net Income
$-286,580,000.00
Pretax Margin
-2.72%

Debt

Sales & Book Value

Annual Sales
$18.93 billion
Cash Flow
$7.47 per share
Book Value
$23.77 per share

Miscellaneous

Free Float
N/A
Optionable
Not Optionable
Beta
1.24

Key Executives

  • Dr. Markus Steilemann (Age 53)
    CEO & Chairman of Management Board
    Comp: $3.63M
  • Dr. Thomas Toepfer (Age 51)
    CFO, Labor Director & Member of Management Board
    Comp: $2.13M
  • Dr. Klaus Schäfer (Age 61)
    CTO & Member of Management Board
    Comp: $1.74M
  • Ms. Sucheta Govil (Age 60)
    Chief Commercial Officer & Member of Management Board
    Comp: $1.7M
  • Mr. Ronald Koehler
    Head of Investor Relations
  • Dr. Joachim H. Wolff (Age 71)
    Head of Polyurethanes Bus. Unit
  • Mr. Daniel Meyer (Age 56)
    Head of Polyurethanes (PU) Segment
  • Ms. Michelle B. B. Jou (Age 54)
    Head of Polycarbonates Segment
  • Mr. Michael Friede
    Head of S Coatings, Adhesives, Specialties Segment
  • Mr. Uwe Arndt
    Head of MDI Site













COVTY Stock - Frequently Asked Questions

Should I buy or sell Covestro stock right now?

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.

What is Covestro's stock price forecast for 2023?

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.

How have COVTY shares performed in 2023?

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.
View the best growth stocks for 2023 here
.

Are investors shorting Covestro?

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
.

How were Covestro's earnings last quarter?

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%.

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 6.31%. 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.

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 $20.85.

How many employees does Covestro have?

The company employs 17,985 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 5/29/2023 by MarketBeat.com Staff

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