Covestro AG

Covestro AG is a global supplier of high-tech polymer materials and application solutions developed for these materials. Co. produces precursors for polyurethane foams and the high-performance plastic polycarbonate in addition to raw materials for coatings, adhesives and sealants as well as specialty products, including high-quality films. Other precursors such as chlorine and by-products like styrene are part of Co.'s range of products.
  • Ticker606214
  • ISINDE0006062144
  • SectorChemicals
  • CountryGermany

Analysts

Valérie GASTALDY

Medium term view - COVESTRO AG : The trend is uncertain.

The trend is uncertain. Prices are falling and they may accelerate to the downside. A new bearish trend is attempting to emerge.

Valérie GASTALDY
Valérie GASTALDY

Short term view - COVESTRO AG : The background trend is clearly bearish.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at €68.40. The background trend would be questioned should prices rise above €82.80.

Valérie GASTALDY

Analyse court terme - COVESTRO AG : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 68,40 €. La tendance de fond serait remise en cause en cas de franchissement de 82,80 €.

Valérie GASTALDY

Analyse court terme - COVESTRO AG : Les prix baissent.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 68,40 €. La tendance de fond serait remise en cause en cas de franchissement de 82,80 €.

Covestro AG: Update to Discussion of Key Credit Factors

CORPORATES CREDIT OPINION 23 June 2017 Update RATINGS Covestro AG Domicile Germany Long Term Rating Baa2 Type LT Issuer Rating - Dom Curr Outlook Stable Please see the ratings section at the end of this report for more information. The ratings and outlook shown reflect information as of the publication date. Contacts Francois Lauras 44-20-7772-5397 VP-Sr Credit Officer francois.lauras@moodys.com A

COVESTRO AG receives a double requalification that leads to a downgrade to Neutral

COVESTRO AG (DE), a company active in the Specialty Chemicals industry, sees its general evaluation downgraded to Neutral on account of a double requalification. The independent financial analyst theScreener just removed a fundamental star(s) for a 2 over 4-star rating. As such, market behaviour has also deteriorated and is evaluated as moderately risky. theScreener believes that the loss of a star(s) and the increased risk justifies the general evaluation downgrade, which passes to Neutral. As of the analysis date August 17, 2018, the closing price was EUR 76.84 and its expected value was est...

Rob Hales

Morningstar | Growth Baton Within Covestro Passed to Polycarbonates in 2Q; Shares Overvalued

No-moat Covestro reported solid results in the second quarter with EBITDA of EUR 985 million, a 16% increase over 2017 and slightly ahead of our estimates. The company also raised its 2018 guidance. EBITDA for the year is now expected to be above the 2017 level of EUR 3,435 million, whereas previous expectations were for around the same level. The guidance upgrade will cause us to boost our near-term estimates slightly, but we don’t expect to make a material change to our EUR 52 fair value estimate. At current levels, the shares remain firmly in 2-star territory. In recent quarters, the polyu...

Rob Hales

Growth Baton Within Covestro Passed to Polycarbonates in 2Q; Shares Overvalued

No-moat Covestro reported solid results in the second quarter with EBITDA of EUR 985 million, a 16% increase over 2017 and slightly ahead of our estimates. The company also raised its 2018 guidance. EBITDA for the year is now expected to be above the 2017 level of EUR 3,435 million, whereas previous expectations were for around the same level. The guidance upgrade will cause us to boost our near-term estimates slightly, but we don’t expect to make a material change to our EUR 52 fair value estim...

Rob Hales, CFA

Covestro profits grow swiftly again in first quarter, but likely topping out soon; shares overvalued

No-moat Covestro reported another strong quarter with EBITDA of EUR 1.1 billion, a 25% increase over the prior-year period. Results slightly beat consensus and our estimates, yet the stock is moving south today, despite these consensus-beating results and confirmation of 2018 guidance. It appears that a 25% increase in EBITDA is no longer enough to satisfy shareholders who have grown accustomed to 50% to 100%-plus gains in 2017. If anything, the polycarbonates segment was a positive surprise in ...

Rob Hales, CFA

Covestro Profits Grow Swiftly Again in 1Q, but Likely Topping Out Soon; Shares Overvalued

No-moat Covestro reported another strong quarter with EBITDA of EUR 1.1 billion, a 25% increase over the prior-year period. Results slightly beat consensus and our estimates, yet the stock is moving south today, despite these consensus-beating results and confirmation of 2018 guidance. It appears that a 25% increase in EBITDA is no longer enough to satisfy shareholders who have grown accustomed to 50% to 100%-plus gains in 2017. If anything, the polycarbonates segment was a positive surprise in ...

1 director bought

A director at Covestro Ag bought 600 shares at 87.649EUR and the significance rating of the trade was 55/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board mem...

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Expert Corporate Governance Service (ECGS)

Proxy Report - 13/04/2018

General: Covestro AG is among the world's largest polymer producers. The Company's business activities are focused on the manufacturing of high-tech polymer materials and the development of innovative solutions for products used in many areas of daily life. The main segments served are the automotive, construction, wood processing and furniture, and electrical and electronics industries. Other sectors include sports and leisure, cosmetics, health, and the chemical industry itself. Covestro has about 30 production sites around the globe and employs approximately 16,200 people. Covestro AG was ...

Expert Corporate Governance Service (ECGS)

Etude de l'AG du 03/05/2017

General: Covestro is among the world's largest polymer producers. The Company's business activities are focused on the manufacturing of high-tech polymer materials and the development of innovative solutions for products used in many areas of daily life. The main segments served are the automotive, electrical and electronics, construction and the sports and leisure industries. Covestro has 30 production sites around the globe and as of 31 December 2016, employed approximately 15,600 people.Covestro AG was founded as a subsidiary of Bayer AG on 20 August 2015 as a consequence of Bayer AG's deci...

Valérie GASTALDY

Medium term view - COVESTRO AG : The trend is uncertain.

The trend is uncertain. Prices are falling and they may accelerate to the downside. A new bearish trend is attempting to emerge.

Valérie GASTALDY
Valérie GASTALDY

Short term view - COVESTRO AG : The background trend is clearly bearish.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at €68.40. The background trend would be questioned should prices rise above €82.80.

Valérie GASTALDY

Analyse court terme - COVESTRO AG : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 68,40 €. La tendance de fond serait remise en cause en cas de franchissement de 82,80 €.

Valérie GASTALDY

Analyse court terme - COVESTRO AG : Les prix baissent.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 68,40 €. La tendance de fond serait remise en cause en cas de franchissement de 82,80 €.

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