OTCMKTS:COVTY

Covestro Stock Forecast, Price & News

$35.18
+1.00 (+2.93 %)
(As of 04/16/2021 12:00 AM ET)
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Today's Range
$34.66
Now: $35.18
$35.18
50-Day Range
$31.65
MA: $34.69
$37.80
52-Week Range
$15.13
Now: $35.18
$38.05
Volume10,467 shs
Average Volume21,907 shs
Market Capitalization$13.59 billion
P/E Ratio59.63
Dividend Yield1.45%
Beta1.53
Covestro AG develops, produces, and markets polymer materials for various industries worldwide. The company operates in three segments: Polyurethanes; Polycarbonates; and Coatings, Adhesives, Specialties (CAS). The Polyurethanes segment develops, produces, and markets chemical precursors, such as diphenylmethane diisocyanate, toluene diisocyanate, and polyether polyol, which are used primarily in the furniture, construction, and automotive industries. The Polycarbonates segment provides high-performance plastic polycarbonates in the form of granules, composite materials, and semi-finished products for use in the automotive, construction, electrical and electronic, medical technology, and lighting industries. The CAS segment offers precursors for coatings, adhesives, and sealants, as well as specialties. This segment also provides polymer materials and aqueous dispersions for use in automotive and transportation, infrastructure and construction, wood processing, and furniture applications. The company markets its products through trading houses and distributors. Covestro AG was founded in 1863 and is headquartered in Leverkusen, Germany.
Covestro logo

Industry, Sector and Symbol

Industry Private households
Sub-IndustryN/A
Current SymbolOTCMKTS:COVTY
CUSIPN/A
CIKN/A
Phone49-2146-009-2000
Employees14,539
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$13.90 billion
Cash Flow$4.32 per share
Book Value$16.10 per share

Profitability

Net Income$618.24 million

Miscellaneous

Market Cap$13.59 billion
Next Earnings Date5/5/2021 (Estimated)
OptionableNot Optionable

Headlines

Covestro AG (OTCMKTS:COVTY) Plans Dividend of $1.47
April 15, 2021 |  americanbankingnews.com
Short Interest in Covestro AG (OTCMKTS:COVTY) Decreases By 66.7%
March 28, 2021 |  americanbankingnews.com
Covestro raises 2020 cash and earnings guidance
December 9, 2020 |  marketwatch.com
Covestro raises outlook on stronger-than-expected Q4
December 8, 2020 |  uk.reuters.com
See More Headlines

MarketRank

Overall MarketRank

1.15 out of 5 stars

Basic Materials Sector

289th out of 851 stocks

Private Households Industry

90th out of 378 stocks

Analyst Opinion: 0.0Community Rank: 2.2Dividend Strength: 1.7Insider Behavior: 0.0Valuation: 1.9 5 -4 -3 -2 -1 -
$35.18
+1.00 (+2.93 %)
(As of 04/16/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Covestro (OTCMKTS:COVTY) Frequently Asked Questions

Is Covestro a buy right now?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Covestro in the last year. There are currently 2 sell ratings, 5 hold ratings, 6 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street 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.

What stocks does MarketBeat like better than Covestro?

Wall Street analysts have given Covestro a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Covestro wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Covestro?

Covestro saw a increase in short interest in March. As of March 31st, there was short interest totaling 11,200 shares, an increase of 3,633.3% from the March 15th total of 300 shares. Based on an average daily volume of 131,600 shares, the days-to-cover ratio is currently 0.1 days.
View Covestro's Short Interest
.

When is Covestro's next earnings date?

Covestro is scheduled to release its next quarterly earnings announcement on Wednesday, May 5th 2021.
View our earnings forecast for Covestro
.

How were Covestro's earnings last quarter?

Covestro AG (OTCMKTS:COVTY) released its quarterly earnings data on Tuesday, February, 23rd. The company reported $0.97 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.85 by $0.12. The business had revenue of $3.59 billion for the quarter. Covestro had a trailing twelve-month return on equity of 3.62% and a net margin of 1.82%.
View Covestro's earnings history
.

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 110.6% and is now trading at $35.18.
View which stocks have been most impacted by COVID-19
.

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

Covestro declared a dividend on Thursday, April 15th. Investors 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 is Monday, April 19th.
View Covestro's dividend history
.

Is Covestro a good dividend stock?

Covestro pays an annual dividend of $0.50 per share and currently has a dividend yield of 1.45%. The dividend payout ratio of Covestro is 29.59%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Covestro will have a dividend payout ratio of 27.17% next year. This indicates that Covestro will be able to sustain or increase its dividend.
View Covestro's dividend history.

Who are Covestro's key executives?

Covestro's management team includes the following people:
  • Dr. Markus Steilemann, CEO & Chairman of Management Board (Age 51)
  • Dr. Thomas Toepfer, CFO, Labor Director & Member of Management Board (Age 49)
  • Dr. Klaus Schäfer, CTO & Member of Management Board (Age 59)
  • Ms. Sucheta Govil, Chief Commercial Officer & Member of Management Board (Age 58)
  • 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 Jou, Head of Polycarbonates Segment
  • Michael Friede, Head of S Coatings, Adhesives, Specialties Segment
  • Mr. Uwe Arndt, Head of MDI Site

Who are some of Covestro's key 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 $35.18.

How much money does Covestro make?

Covestro has a market capitalization of $13.59 billion and generates $13.90 billion in revenue each year. The company earns $618.24 million in net income (profit) each year or $1.69 on an earnings per share basis.

How many employees does Covestro have?

Covestro employs 14,539 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]


This page was last updated on 4/17/2021 by MarketBeat.com Staff
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