What is the ticker symbol for Covestro?
Covestro trades on the OTCMKTS under the ticker symbol "COVTY." How do I buy shares of Covestro? Shares of COVTY can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
What are analysts'price targets for Covestro's stock?
12 Wall Street analysts have issued 1 year price objectives for Covestro's stock. Their forecasts range from $53.00 to $73.00. On average, they expect Covestro's stock price to reach $63.00 in the next twelve months. This suggests a possible upside of 111.9% from the stock's current price.
Is Covestro a good dividend stock to buy?
Covestro pays a meaningful dividend of 1.81%, higher than the bottom 25% of all stocks that pay dividends. Covestro does not have a long track record of dividend growth. The dividend payout ratio of Covestro is 14.18%. This payout ratio is at a healthy, sustainable level, below 75%.
Will Covestro’s 2021 profit forecast boost continue?
German chemicals maker Covestro on Monday raised its 2021 profit forecast for the third time and was confident about prospects for next year, while adding it was not clear if a boost from higher prices would continue.
When is Covestro's dividend?
What is the Covestro ticker symbol?
Covestro announced a dividend on Thursday, April 15th. Investors of record on Tuesday, April 20th will be given a dividend of $1.4705 per share on Monday, May 3rd. This represents a dividend yield of 4.09%. The ex-dividend date is Monday, April 19th. View Covestro's dividend history.
What is Covestro AG?
Covestro trades on the OTCMKTS under the ticker symbol "COVTY."
What is the P/E ratio of Covestro?
Covestro AG develops, produces, and markets polymer materials for various industries. The company operates in three segments: Polyurethanes; Polycarbonates; and Coatings, Adhesives, Specialties (CAS). The Polyurethanes segment develops, produces, and markets chemical precursors, such as diphenylmethane diisocyanate, toluene diisocyanate, and polyether polyol, which are used primarily in the furniture, construction, and automotive industries. The Polycarbonates segment provides high-performance plastic polycarbonates in the form of granules, composite materials, and semi-finished products for use in the automotive, construction, electrical and electronic, medical technology, and lighting industries. The CAS segment offers precursors for coatings, adhesives, and sealants, as well as specialties. This segment also provides polymer materials and aqueous dispersions for use in automotive and transportation, infrastructure and construction, wood processing, and furniture applications. The company markets its products through trading houses and distributors. It operates in Europe, the Middle East, Africa, Latin America, the United States, Canada, and the People's Republic of China. The company was founded in 1863 and is headquartered in Leverkusen, Germany.
What does "hold" mean in Covestro?
The P/E ratio of Covestro is 8.19, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 16.89.
Is Covestro a hold?
A hold rating indicates that analysts believe investors should maintain any existing positions they have in COVTY, but not buy additional shares or sell existing shares. View analyst ratings for Covestro or view top-rated stocks.
Does Covestro have a long track record of dividend growth?
Wall Street analysts have given Covestro a "Hold" rating, but there may be better buying opportunities in the stock market . Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Covestro wasn't one of them.
What is Covestro a part of?
Covestro does not have a long track record of dividend growth.
Does Morningstar cover ratings?
Covestro, formerly Bayer Material Science , was spun off from the Bayer Group in 2015. The firm is a market leader in polyurethanes and polycarbonates, products that the company discovered in the mid-20th century. It also has a sizable speciality chemicals business that is focused on coatings and adhesives.
