COVESTRO AG/S (OTCMKTS:COVTY) – Investment analysts at Jefferies Financial Group decreased their Q4 2019 earnings estimates for COVESTRO AG/S in a report issued on Monday, June 10th. Jefferies Financial Group analyst L. Alexander now forecasts that the company will post earnings of $0.38 per share for the quarter, down from their previous estimate of $0.56. Jefferies Financial Group also issued estimates for COVESTRO AG/S’s FY2020 earnings at $2.13 EPS, FY2021 earnings at $2.30 EPS and FY2022 earnings at $3.11 EPS.
A number of other equities analysts have also recently issued reports on COVTY. Barclays upgraded COVESTRO AG/S from an “equal weight” rating to an “overweight” rating in a report on Friday, March 8th. HSBC cut COVESTRO AG/S from a “buy” rating to a “hold” rating in a report on Friday, March 8th. Finally, Zacks Investment Research upgraded COVESTRO AG/S from a “strong sell” rating to a “hold” rating in a report on Monday, June 3rd.
About COVESTRO AG/S
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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