Posted by admin on Apr 19th, 2022
Covestro AG (OTCMKTS:COVTY – Get Rating) announced a dividend on Tuesday, April 19th, investing.com reports. Shareholders of record on Monday, April 25th will be paid a dividend of 1.3605 per share on Friday, May 6th. This represents a yield of 5.92%. The ex-dividend date of this dividend is Friday, April 22nd.
Shares of OTCMKTS:COVTY opened at $23.00 on Tuesday. The business’s fifty day moving average price is $26.24 and its two-hundred day moving average price is $29.43. The stock has a market cap of $8.89 billion, a PE ratio of 5.93, a price-to-earnings-growth ratio of 0.20 and a beta of 1.27. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.30 and a current ratio of 2.13. Covestro has a one year low of $21.74 and a one year high of $36.23.
Several equities research analysts have recently issued reports on COVTY shares. Morgan Stanley decreased their price objective on Covestro from €64.00 ($68.82) to €62.00 ($66.67) in a report on Monday, March 28th. Zacks Investment Research cut Covestro from a “hold” rating to a “sell” rating in a report on Tuesday, March 29th. Stifel Nicolaus cut Covestro from a “buy” rating to a “hold” rating in a report on Wednesday, April 13th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Covestro from €74.00 ($79.57) to €72.00 ($77.42) and set a “buy” rating on the stock in a report on Wednesday, April 6th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $59.60.
Covestro Company Profile (Get Rating)
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.
Receive News & Ratings for Covestro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Covestro and related companies with MarketBeat.com's FREE daily email newsletter.
Truist Financial Downgrades Moog (OTCMKTS:MOG-A) to Hold
PT United Tractors Tbk (OTCMKTS:PUTKY) Announces Dividend of $0.96