FY2019 EPS Estimates for COVESTRO AG/S (OTCMKTS:COVTY) Boosted by Jefferies Financial Group

COVESTRO AG/S (OTCMKTS:COVTY) – Investment analysts at Jefferies Financial Group lifted their FY2019 earnings per share (EPS) estimates for COVESTRO AG/S in a research note issued on Tuesday, November 5th. Jefferies Financial Group analyst L. Alexander now forecasts that the company will post earnings per share of $1.75 for the year, up from their prior forecast of $1.73. Jefferies Financial Group also issued estimates for COVESTRO AG/S’s FY2020 earnings at $1.58 EPS, FY2021 earnings at $2.11 EPS, FY2022 earnings at $2.44 EPS and FY2023 earnings at $2.78 EPS.

COVTY has been the topic of several other research reports. Zacks Investment Research raised COVESTRO AG/S from a “sell” rating to a “hold” rating in a research report on Wednesday, September 18th. Citigroup downgraded COVESTRO AG/S from a “neutral” rating to a “sell” rating in a research report on Tuesday, September 10th. Finally, ValuEngine raised COVESTRO AG/S from a “sell” rating to a “hold” rating in a research report on Tuesday, October 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold”.

Shares of COVTY stock traded up $0.65 on Friday, reaching $25.89. 20,523 shares of the stock were exchanged, compared to its average volume of 7,601. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.02 and a quick ratio of 1.19. The stock has a 50 day moving average price of $24.86 and a 200 day moving average price of $24.18. The stock has a market cap of $9.90 billion, a PE ratio of 4.63, a P/E/G ratio of 4.42 and a beta of 1.77. COVESTRO AG/S has a one year low of $20.90 and a one year high of $33.84.

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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