On average, they expect Covestro AG (1COV.F)'s stock price to reach €45.87 in the next year. Private equity firms have been eyeing Covestro for some time, Bloomberg reported. COVESTRO AG/S trades on the OTCMKTS under the ticker symbol "COVTY.". View analyst ratings for Covestro AG (1COV.F). article's content and its accuracy. PEG Ratios above 1 indicate that a company could be overvalued.

Their forecasts range from €29.00 to €68.00. 16 Wall Street analysts have issued 1-year target prices for Covestro AG (1COV.F)'s stock. MarketBeat does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security. Vote “Underperform” if you believe 1COV will underperform the S&P 500 over the long term. 326 E 8th St #105, Sioux Falls, SD 57103 | [email protected] | (844) 978-6257 “Covestro has made a huge run from the low point, in March where share prices were somewhere around €25/share. Please log in to your account or sign up in order to add this asset to your watchlist. For instruments denominated in GBX, the Trade Value is in GBP when the traded currency is GBX or GBP. Covestro’s shares rose nearly 10% in Friday morning trading although they were on course to close trading with an increase of around 5%.

There are currently 2 sell ratings, 6 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Hold." Payout ratios above 75% are not desirable because they may not be sustainable.

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for COVESTRO AG/S in the last year. "We are regularly in talks with various market participants about strategic opportunities." It posted second-quarter falling sales and earnings on the back of pandemic-induced lockdowns, but analysts have said it would be one of the first companies to recover. View our earnings forecast for COVESTRO AG/S. Information on this webpage may or may not have been prepared by LSE but is made available without responsibility on the part of LSE. Warburg Research analyst Oliver Schwarz said that the takeover could “fizzle because the rumour came out too early” although he said Covestro would be still undervalued after the heavy falls in March-April. Covestro had not responded to a request for comment at the time of writing. This indicates that COVESTRO AG/S will be able to sustain or increase its dividend.

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. Learn about financial terms, types of investments, trading strategies and more. Para permitir a Verizon Media y a nuestros socios procesar tus datos personales, selecciona 'Acepto' o selecciona 'Gestionar ajustes' para obtener más información y para gestionar tus opciones, entre ellas, oponerte a que los socios procesen tus datos personales para sus propios intereses legítimos. Nosotros y nuestros socios almacenaremos y/o accederemos a la información de tu dispositivo mediante el uso de cookies y tecnologías similares, a fin de mostrar anuncios y contenido personalizados, evaluar anuncios y contenido, obtener datos sobre la audiencia y desarrollar el producto. (Add your “underperform” vote.). Covestro AG (1COV.F) has been the subject of 13 research reports in the past 90 days, demonstrating strong analyst interest in this stock. All rights reserved. The company can be reached via phone at +49-214-60092000. APOLLO ‘HUNTING SCHEME’European chemicals equity analysts have said the transaction would make sense considering Apollo’s deep pockets and experience in petrochemicals acquisitions. Vote “Underperform” if you believe COVTY will underperform the S&P 500 over the long term. The P/E ratio of Covestro AG (1COV.F) is 48.35, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 18.65. Covestro AG (1COV.F) has a market capitalization of $7.76 billion and generates $10.97 billion in revenue each year. Covestro AG (1COV.F) employs 16,803 workers across the globe. The P/E ratio of Covestro AG (1COV.F) is 48.35, which means that it is trading at a more expensive P/E ratio than the Basic Materials sector average P/E ratio of about 34.35. Media, PA 19063, Terms & Conditions Copyright © 2020 Everchem Specialty Chemicals. COVESTRO AG/S pays a meaningful dividend of 2.00%, higher than the bottom 25% of all stocks that pay dividends. Get short term trading ideas from the MarketBeat Idea Engine. Do Not Sell My Information. © American Consumer News, LLC dba MarketBeat® 2010-2020. Want to see which stocks are moving? The producer’s CEO Markus Steilemann has also said third-quarter financial results are tipped to be better than initial expectations. The company's share price has risen by about 70% since then but it has halved since early 2018. wellbeing and our community we're That makes it unlikely it would need investors to bail it out from under any financial burdens, said the analysts. Vote “Outperform” if you believe 1COV will outperform the S&P 500 over the long term. “This is more or less a story of Apollo taking on an interesting asset that they envisage is undervalued, taking it out of the market for two-three years and bringing it back at a significantly higher price,” said Schwarz. One share of 1COV stock can currently be purchased for approximately €40.18. All rights reserved. “I can see Apollo’s angle as they had a very illustrious past with regards to making a huge amount of money in acquisitions in petrochemicals, especially in polyols; however, this is not what is driving the Covestro story,” said analyst Oliver Schwarz of Warburg Research. View all competitors. No news or research item is a personal recommendation to deal. COVESTRO AG/S's mailing address is Kaiser-Wilhelm-Allee 60, Leverkusen 2M, 51373. Based on earnings estimates, COVESTRO AG/S will have a dividend payout ratio of 39.06% next year.

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