Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:

Covestro (OTCMKTS:COVTY - Get Rating) had its price objective reduced by equities research analysts at Deutsche Bank Aktiengesellschaft from €50.00 ($51.02) to €45.00 ($45.92) in a research note issued to investors on Wednesday, The Fly reports. The brokerage currently has a "buy" rating on the stock.

Several other brokerages also recently weighed in on COVTY. Oddo Bhf downgraded Covestro from an "outperform" rating to a "neutral" rating in a report on Thursday, August 11th. Barclays cut their target price on Covestro from €71.00 ($72.45) to €60.00 ($61.22) and set an "overweight" rating on the stock in a research report on Thursday, July 14th. Jefferies Financial Group upgraded Covestro from a "hold" rating to a "buy" rating in a report on Friday, August 5th. DZ Bank lowered Covestro from a "buy" rating to a "hold" rating and set a €34.00 ($34.69) price target for the company. in a research report on Thursday, August 4th. Finally, Societe Generale reduced their target price on Covestro from €56.00 ($57.14) to €45.00 ($45.92) and set a "hold" rating on the stock in a research report on Wednesday, May 4th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, Covestro currently has an average rating of "Hold" and a consensus price target of $47.31.Covestro Stock Performance

Covestro stock traded down $0.03 during midday trading on Wednesday, reaching $15.02. The stock had a trading volume of 212,915 shares, compared to its average volume of 135,028. The firm's 50-day moving average price is $16.58 and its 200 day moving average price is $21.27. Covestro has a 12 month low of $14.46 and a 12 month high of $34.97. The firm has a market capitalization of $5.80 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 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 issued its earnings results on Tuesday, August 2nd. The company reported $0.55 earnings per share (EPS) for the quarter. The business had revenue of $5.01 billion during the quarter. Covestro had a return on equity of 17.11% and a net margin of 7.77%. As a group, research analysts predict that Covestro will post 1.64 earnings per share for the current fiscal 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.See AlsoGet a free copy of the StockNews.com research report on Covestro (COVTY)Crowdstrike Stock Retraces, As Earnings Sober ExpectationsWill The Institutions Buy The Dip In Ambarella Stock? PVH Corporation Is On Track For Capital ReturnsCan Pinterest Rally On Support From Big Investor With Conviction?Chargepoint Rallies, Despite Weaker Earnings

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:

Tom remains optimistic about investors’ prospects going forward, even as the market reacts to the words of Fed Chair Jerome Powell about “pain ahead.”

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.