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Shares of Covestro AG (OTCMKTS:COVTY - Get Rating) have earned a consensus recommendation of "Hold" from the thirteen research firms that are covering the firm, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $47.31.
Several equities research analysts have recently weighed in on COVTY shares. Oddo Bhf cut Covestro from an "outperform" rating to a "neutral" rating in a research report on Thursday, August 11th. Barclays reduced their target price on Covestro from €71.00 ($72.45) to €60.00 ($61.22) and set an "overweight" rating for the company in a research report on Thursday, July 14th. Deutsche Bank Aktiengesellschaft reduced their target price on Covestro from €50.00 ($51.02) to €45.00 ($45.92) and set a "buy" rating for the company in a research report on Wednesday, August 31st. UBS Group raised their target price on Covestro from €33.00 ($33.67) to €34.00 ($34.69) and gave the stock a "neutral" rating in a research report on Monday, August 15th. Finally, Jefferies Financial Group raised Covestro from a "hold" rating to a "buy" rating in a research report on Friday, August 5th.Covestro Stock Up 0.7 %
Shares of Covestro stock opened at $14.93 on Tuesday. The stock has a market capitalization of $5.77 billion, a P/E ratio of 3.70, a PEG ratio of 0.27 and a beta of 1.21. The company has a quick ratio of 1.14, a current ratio of 2.00 and a debt-to-equity ratio of 0.27. The stock has a 50 day moving average price of $16.47 and a two-hundred day moving average price of $21.12. Covestro has a 12-month low of $14.45 and a 12-month high of $34.97.
Covestro (OTCMKTS:COVTY - Get Rating) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.55 earnings per share for the quarter. Covestro had a return on equity of 17.11% and a net margin of 7.77%. The company had revenue of $5.01 billion during the quarter. Equities analysts expect that Covestro will post 1.64 earnings per share for the current year. 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.Recommended StoriesGet a free copy of the StockNews.com research report on Covestro (COVTY)Forget Bitcoin, Block’s Ecosystems are the Real Growth Drivers What Does an Inverted Yield Curve Mean For You?SPY vs. QQQ: Which ETF Wins in 2022?Could Snap Stock Rebound As Management Restructures?MarketBeat: Week in Review 8/29 – 9/2
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