Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:
Covestro (OTCMKTS:COVTY - Get Rating) had its target price increased by analysts at UBS Group from €33.00 ($33.67) to €34.00 ($34.69) in a research report issued to clients and investors on Monday, The Fly reports. The brokerage presently has a "neutral" rating on the stock.
A number of other analysts have also weighed in on COVTY. DZ Bank lowered shares of Covestro from a "buy" rating to a "hold" rating and set a €34.00 ($34.69) price objective on the stock. in a research note on Thursday, August 4th. Societe Generale cut their price objective on shares of Covestro from €56.00 ($57.14) to €45.00 ($45.92) and set a "hold" rating on the stock in a research note on Wednesday, May 4th. Oddo Bhf downgraded shares of Covestro from an "outperform" rating to a "neutral" rating in a report on Thursday. Barclays lowered their price target on shares of Covestro from €71.00 ($72.45) to €60.00 ($61.22) and set an "overweight" rating on the stock in a report on Thursday, July 14th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of Covestro from €60.00 ($61.22) to €50.00 ($51.02) and set a "buy" rating on the stock in a report on Tuesday, August 2nd. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $47.94.Covestro Stock Performance
Covestro stock traded down $0.36 during mid-day trading on Monday, reaching $16.45. 104,496 shares of the company traded hands, compared to its average volume of 117,209. The company has a market capitalization of $6.36 billion, a price-to-earnings ratio of 4.07, a price-to-earnings-growth ratio of 0.30 and a beta of 1.21. Covestro has a fifty-two week low of $15.64 and a fifty-two week high of $34.97. The firm's fifty day moving average is $17.95 and its two-hundred day moving average is $22.48. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.00 and a quick ratio of 1.14. About Covestro (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.See AlsoGet a free copy of the StockNews.com research report on Covestro (COVTY)The Five Hottest Calls From The Q2 Earnings Season Here is a Simple 4 Stock Portfolio that Can Outperform the MarketIs AMC Entertainment Pulling a Fast One on the APEs?Here’s How the Inflation Reduction Act Energizes Power StockThe Institutions Trim Holdings Of High-Yielding Foot Locker, Inc
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Covestro, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Covestro wasn't on the list.
While Covestro currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Complete the form below to receive the latest headlines and analysts' recommendations for your stocks with our free daily email newsletter:
David McNatt discusses ESG investing and offers ways to avoid pitfalls and to understand exactly what kinds of companies you are buying.
Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.
MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.
Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.
Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.
MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.
Twitter Facebook StockTwits Financial Juice YouTube
© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved. 326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257 MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security. Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds
© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer.