FY2021 EPS Estimates for COVESTRO AG/S Raised by Analyst (OTCMKTS:COVTY)
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.
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.
Featured Article: Beta
Receive News & Ratings for COVESTRO AG/S Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for COVESTRO AG/S and related companies with MarketBeat.com's FREE daily email newsletter.