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OFFON

COVESTRO AG

(1COV)
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Covestro AG : Good timing to go long again

06/17/2021 | 03:01am EDT
long trade
Live
Entry price : 53.62€ | Target : 62.35€ | Stop-loss : 48.86€ | Potential : 16.28%
Covestro AG shares are closing back in on major support levels around 53.76 EUR based on daily price data, which could offer attractive entry points.
Investors have an opportunity to buy the stock and target the € 62.35.
Covestro AG : Covestro AG : Good timing to go long again
Summary
  • The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
  • The company has solid fundamentals for a short-term investment strategy.

Strengths
  • The equity is one of the most attractive in the market with regard to earnings multiple-based valuation.
  • The company has attractive valuation levels with a low EV/sales ratio compared with its peers.
  • This company will be of major interest to investors in search of a high dividend stock.
  • Over the last twelve months, the sales forecast has been frequently revised upwards.
  • Upward revisions of sales forecast reflect a renewed optimism among the analysts covering the stock.
  • For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.
  • The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.
  • Historically, the company has been releasing figures that are above expectations.

Weaknesses
Ratings chart
Subsector Plastics
1st jan.Capitalization (M$)Investor Rating
COVESTRO AG7.49%12 433
LG CHEM, LTD.2.18%53 873
DOW INC.12.00%45 908
FORMOSA PLASTICS CORPORATIO..3.53%22 732
HANGZHOU FIRST APPLIED MATE..88.36%19 504
FORMOSA CHEMICALS & FIBRE C..-2.95%17 203
KINGFA SCI. & TECH. CO., LT..17.27%8 006
LOTTE CHEMICAL CORPORATION-5.98%7 721
HENGYI PETROCHEMICAL CO., L..-5.00%6 858
ORBIA ADVANCE CORPORATION, ..16.04%5 511
THE SUPREME INDUSTRIES LIMI..28.85%3 588
More Results

© MarketScreener.com 2021

Disclaimer: The information, charts, data, views, or comments provided by SURPERFORMANCE SAS are intended for investors who have the necessary knowledge and experience to understand and appreciate the information contained within. These items are disseminated for personal reference only. They do not constitute an offer or solicitation to buy or sell financial products or services, nor an investment advice.
The use of the information disseminated takes place under the investor's sole responsibility, without recourse against SURPERFORMANCE SAS. SURPERFORMANCE SAS will not be liable, whether in contract, in tort, under any warranty, for errors, omissions, improper investments, or adverse evolution of markets.

Financials
Sales 2021 13 643 M 16 190 M 16 190 M
Net income 2021 1 338 M 1 588 M 1 588 M
Net Debt 2021 1 231 M 1 460 M 1 460 M
P/E ratio 2021 7,94x
Yield 2021 4,61%
Capitalization 10 481 M 12 433 M 12 438 M
EV / Sales 2021 0,86x
EV / Sales 2022 0,81x
Nbr of Employees 16 395
Free-Float 97,0%
Upcoming event on COVESTRO AG
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Last Close Price 54,26 €
Average target price 67,79 €
Spread / Average Target 24,9%
EPS Revisions
Managers and Directors
Markus Steilemann Chief Executive Officer
Thomas Toepfer Chief Financial Officer & Labor Director
Richard Pott Chairman-Supervisory Board
Klaus Schäfer Chief Technology Officer
Petra Kronen Vice Chairman-Supervisory Board