COVESTRO AG/S (OTCMKTS:COVTY) – Research analysts at Jefferies Financial Group increased their FY2021 earnings per share (EPS) estimates for shares of COVESTRO AG/S in a research note issued to investors on Thursday, July 9th. Jefferies Financial Group analyst L. Alexander now expects that the company will post earnings per share of $0.65 for the year, up from their prior forecast of $0.64. Jefferies Financial Group also issued estimates for COVESTRO AG/S’s FY2022 earnings at $0.96 EPS.

A number of other research firms have also recently weighed in on COVTY. Bank of America upgraded COVESTRO AG/S from an “underperform” rating to a “neutral” rating in a report on Wednesday, May 20th. Morgan Stanley reaffirmed an “overweight” rating on shares of COVESTRO AG/S in a research note on Monday, March 30th. JPMorgan Chase & Co. cut shares of COVESTRO AG/S from an “overweight” rating to a “neutral” rating in a research report on Tuesday, March 24th. Zacks Investment Research upgraded shares of COVESTRO AG/S from a “sell” rating to a “hold” rating in a report on Thursday, July 9th. Finally, UBS Group reaffirmed a “neutral” rating on shares of COVESTRO AG/S in a research report on Wednesday, July 8th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $18.00.

OTCMKTS:COVTY opened at $20.14 on Monday. COVESTRO AG/S has a 52 week low of $13.18 and a 52 week high of $26.55. The company has a market capitalization of $7.35 billion, a P/E ratio of 16.78 and a beta of 1.43. The stock’s fifty day moving average is $19.24 and its two-hundred day moving average is $18.88.

COVESTRO AG/S Company Profile

Covestro AG develops, produces, and markets polymer materials for various industries worldwide. The company operates in three segments: Polyurethanes; Polycarbonates; and Coatings, Adhesives, Specialties. The Polyurethanes segment offers precursors, such as flexible polyurethane foam primarily used in the furniture and automotive industries; and rigid foam used as insulating material in the construction industry and in refrigeration chains.

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Earnings History and Estimates for COVESTRO AG/S (OTCMKTS:COVTY)

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