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Covestro AG (OTCMKTS:COVTY - Get Rating)'s share price reached a new 52-week low during trading on Thursday after Deutsche Bank Aktiengesellschaft lowered their price target on the stock from €50.00 to €45.00. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock. Covestro traded as low as $14.45 and last traded at $14.82, with a volume of 177811 shares traded. The stock had previously closed at $15.01.

A number of other equities analysts have also commented on the company. Jefferies Financial Group raised Covestro from a "hold" rating to a "buy" rating in a report on Friday, August 5th. Oddo Bhf lowered Covestro from an "outperform" rating to a "neutral" rating in a research note on Thursday, August 11th. JPMorgan Chase & Co. dropped their price objective on Covestro from €62.00 ($63.27) to €58.50 ($59.69) and set a "neutral" rating for the company in a research note on Wednesday, May 4th. UBS Group lifted their price objective on Covestro from €33.00 ($33.67) to €34.00 ($34.69) and gave the company a "neutral" rating in a research note on Monday, August 15th. Finally, Barclays dropped their price objective on Covestro from €71.00 ($72.45) to €60.00 ($61.22) and set an "overweight" rating for the company in a research note on Thursday, July 14th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Covestro currently has a consensus rating of "Hold" and an average target price of $47.31.Covestro Stock Performance

The stock has a market cap of $5.73 billion, a PE ratio of 3.72, a P/E/G ratio of 0.27 and a beta of 1.21. The company has a fifty day moving average price of $16.52 and a 200 day moving average price of $21.22. The company has a quick ratio of 1.14, a current ratio of 2.00 and a debt-to-equity ratio of 0.27.

Covestro (OTCMKTS:COVTY - Get Rating) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.55 EPS for the quarter. The firm had revenue of $5.01 billion for the quarter. Covestro had a return on equity of 17.11% and a net margin of 7.77%. Analysts expect that Covestro AG will post 1.64 earnings per share for the current year. 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.Featured ArticlesGet a free copy of the StockNews.com research report on Covestro (COVTY)How will the chip ban affect Nvidia's stock?Is Best Buy A Sneaky Buy for Q4?Does The Bed Bath and Beyond Stock Rally Still Have Legs?Can Alibaba And Baidu Finally Rally With Delisting Fears Gone? 3 Materials Stocks That May Earn a Place on Your Watchlist

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