COVESTRO AG/S's management team includes the following people: [On Camera] Retired Millionaire Leaves South America to Make Shocking Gold Prediction. View which stocks are hot on social media with MarketBeat's trending stocks report. COVESTRO AG/S employs 16,803 workers across the globe. There are currently 2 sell ratings, 5 hold ratings, 6 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Hold." Learn more. Want to see how it works?". Over 2020 komt de omzet volgens de analisten uit op 10,49 miljard euro. The EASY way. Business activities are focused on the manufacture of high-tech polymer materials and the development of innovative solutions for products used in many areas of daily life. © American Consumer News, LLC dba MarketBeat® 2010-2020. The next level up in speed, processing, and computing power.document.write(''); They called the 2020 crash 45 days early. This development was largely driven by volume growth in the APAC region, particularly in China. The company’s shares were up 4.5% by 1120 GMT. View analyst ratings for COVESTRO AG/S. As communicated on October 9, 2020, as preliminary key financial figures, at the time of publication EBITDA outperformed capital market expectations for the third quarter of 2020. In the first nine months of 2020, core volumes declined by 7.9%, and Group sales were down by 19.4% to around EUR 7.7 billion. The main segments served are the automotive, construction, wood processing and furniture, and electrical and electronics 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. Export data to Excel for your own analysis. EBITDA in the Polyurethanes segment rose by 12.2% to EUR 220 million. MarketBeat does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security. EBITDA therefore decreased by 37.0% to EUR 835 million, while net income amounted to EUR 147 million (-71.5%). In the third quarter of 2020, Covestro increased core volumes by 3.0% year-on-year as the result of a significant improvement in demand. This indicates that COVESTRO AG/S will be able to sustain or increase its dividend. All rights reserved. One share of COVTY stock can currently be purchased for approximately $23.55. Get short term trading ideas from the MarketBeat Idea Engine. Ogni giorno, più di 18.000 dipendenti in più di 30 Paesi nel mondo, contribuiscono a rafforzare questa posizione sviluppando prodotti innovativi per molteplici mercati. We would like to use cookies to detect our users’ preferences and design the website optimally. COVESTRO AG/S's mailing address is Kaiser-Wilhelm-Allee 60, Leverkusen 2M, 51373. Its products are primarily used in the automotive, construction, electronics, furniture and textile industries. 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Looking for new stock ideas? Other sectors include sports and leisure, cosmetics, health and the chemical industry itself. FOCF was down, coming in at EUR 136 million, https://report.covestro.com/interim-statement-q3-2020, Covestro reports third-quarter profit beat on strong Asia, furniture units. Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Friday, October 9, 2020 COVESTRO AG/S has a market capitalization of $9.10 billion and generates $13.90 billion in revenue each year. There are currently 2 sell ratings, 6 hold ratings and 8 buy ratings for the stock, resulting in a consensus rating of "Hold.". UBS Group set a €37.00 ($43.53) target price on Covestro and gave the company a “sell” rating in a report on Tuesday. Consensus estimates on anticipated profits are based on projections made by investment analysts who monitor Covestro’s development on a regular basis. Covestro confirmed its full-year guidance for 2020 as adjusted on October 9, 2020. Based on earnings estimates, COVESTRO AG/S will have a dividend payout ratio of 39.06% next year. Covestro AG is one of the world's leading manufacturers of polymer materials. The company reported ($0.15) EPS for the quarter, beating the consensus estimate of ($0.19) by $0.04. The dark blue line represents the company's actual price. ), COVESTRO AG/S has received 56 “underperform” votes.