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

COVESTRO AG reduces its risk exposure and slightly improves to Neutral

The independent financial analyst theScreener just allocated a lower risk rating to COVESTRO AG (DE), active in the Speciality Chemicals industry. As regards its fundamental valuation, the title still shows 2 out of 4 possible stars. Its market behaviour, however, has slightly improved and can be qualified as moderately risky. theScreener considers that these elements merit an overall rating upgrade to Neutral. As of the analysis date May 1, 2020, the closing price was EUR 30.74 and its expected value was estimated at EUR 30.96.

Expert Corporate Governance Service (ECGS)

Covestro - AGM 17 April 2020

Item 6a: We recommend to oppose the re-election of Dr. Christine Bortenlänger to the Supervisory Board due to concerns over aggregate time commitments.

Feasibility Study Results in December to be a Catalyst for this Junior

Feasibility Study Results in December to be a Catalyst for this Junior

Rob Hales

Morningstar | Normalization in Key Products Continues for Covestro in 2Q; EBITDA Down 53%

No-moat Covestro reported second-quarter EBITDA of EUR 459 million, down 53% over the prior-year period. This was largely expected because of the normalization in the polyurethane and polycarbonate markets. However, the stock is trading up modestly, which we think reflects the company’s confirmation of 2019 guidance for EBITDA of EUR 1.5--EUR 2.0 billion. Concerns over the outlook were rising after BASF, a major polyurethanes competitor, revised its 2019 guidance down significantly earlier in the quarter. We don’t expect to make a material change to our forecast or EUR 47 fair value estimate. ...

Rob Hales

Normalization in Key Products Continues for Covestro in 2Q; EBITDA Down 53%

No-moat Covestro reported second-quarter EBITDA of EUR 459 million, down 53% over the prior-year period. This was largely expected because of the normalization in the polyurethane and polycarbonate markets. However, the stock is trading up modestly, which we think reflects the company’s confirmation of 2019 guidance for EBITDA of EUR 1.5--EUR 2.0 billion. Concerns over the outlook were rising after BASF, a major polyurethanes competitor, revised its 2019 guidance down significantly earlier in th...

Jérôme VINERIER

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 €48.24. The background trend would be questioned should prices rise above €64.20.

Jérôme VINERIER

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 48,24 €. La tendance de fond serait remise en cause en cas de franchissement de 64,20 €.

Jérôme VINERIER

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. Le mouvement se poursuit. Le prochain objectif est à 48,24 €, puis 43,68 €. Le franchissement de 64,20 € remettrait en cause la suite de la baisse.

Jérôme VINERIER

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

The background trend is clearly bearish. The movement goes on. The next target is at €48.24, then €43.68. Passing €64.20 would question the continuation of the fall.

Jérôme VINERIER

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.

1 director bought

A director at Covestro Ag bought 10,000 shares at 38.600EUR and the significance rating of the trade was 90/100. 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 ...

Feasibility Study Results in December to be a Catalyst for this Junior

Feasibility Study Results in December to be a Catalyst for this Junior