|Bid||40.99 x 12100|
|Ask||41.01 x 6800|
|Day's Range||40.93 - 42.04|
|52 Week Range||38.43 - 83.98|
|Beta (3Y Monthly)||0.58|
|PE Ratio (TTM)||5.70|
|Earnings Date||Jul 24, 2019|
|Forward Dividend & Yield||2.40 (4.92%)|
|1y Target Est||105.21|
The German company’s stock has been hit by overcapacity and the other ills of the plastics industry, but it’s now very cheap and has a chance to grow its automotive business.
Macquarie has emerged as the leading bidder for Bayer's 60 percent stake in chemical park operator Currenta, which the German drugmaker has put on the block to reduce its debt pile, people close to the matter said. Talks between Bayer and the Australian bank's Macquarie Infrastructure and Real Assets (MIRA) arm will likely continue for a few more weeks and the deal could still fall apart given the complexity of the negotiations, they added. If no deal emerges, Bayer may fall back on runner-ups DWS and KKR, the sources said, adding that it was unclear whether the Ontario Municipal Employees Retirement System, which also made a final bid in January, was still interested.
U.S. President Donald Trump's decision to delay an increase in tariffs on Chinese goods drove European shares to their highest since October with carmakers, most sensitive to the threat of a global trade war, leading the rally. The pan-European STOXX 600 closed up 0.3 percent and Germany's trade-sensitive DAX rose 0.4 percent. Italy's FTSE MIB outperformed the market, climbing 0.9 percent as government bonds jumped after Fitch affirmed the country's BBB credit rating.
German chemicals maker Covestro said core profit could halve this year as rivals increase production and demand from customers such as the Asian car industry slows. Shares in the maker of chemicals for heat insulation foams and transparent polycarbonate plastics fell as much as 5 percent in early Monday trading.
German chemicals maker Covestro said its 2019 core earnings could fall to as little as half of last year's level as rivals are removing production bottlenecks. The former Bayer subsidiary said earnings ...
Luxury stocks were a silver lining for European markets on Wednesday after strong results from LVMH reassured investors, while looming U.S.-China trade talks kept trading muted and some earnings disappointments weighed. Europe's STOXX 600 traded sideways before closing up 0.25 percent and was on track for its best monthly performance since October 2015. France's LVMH shares jumped 6.7 percent after upbeat results from the luxury conglomerate, which said it was "cautiously" confident as fourth-quarter sales held up despite fears of a China slowdown.
By Christoph Steitz FRANKFURT (Reuters) - Thyssenkrupp (TKAG.DE) moved on Friday to fill key management positions, preparing for the spin off its capital goods business after a tumultuous year that saw ...
Germany's Covestro (1COV.DE) plans to cut 900 jobs globally and reduce costs by 350 million euros (310 million pounds) per year from 2021, aiming to reign in an increase in expenses from an investment push to widen output capacity. About 900 of globally 15,700 full-time positions will be reduced, including 400 in Germany, to be carried out in a "socially acceptable" manner that has already been agreed with the group's German works council, the company said on Thursday. Third-quarter earnings before interest, taxes, depreciation and amortisation (EBITDA) were flat at 859 million euros, it added, coming in above the average forecast in a Reuters poll of analysts of 830 million.
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it Read More...
Germany's Covestro will invest 1.5 billion euros ($1.7 billion) in a new plant in Texas to produce the main chemical used in polyurethane foams, taking up a challenge posed by rivals' growth plans. It will replace the company's existing chemicals complex in Baytown and have more than five times the capacity. Demand for MDI, used in polyurethane foams that go into building insulation, refrigerators and wind rotor blades, has outgrown production capacity over recent quarters and companies are scrambling to build new plants over the next four years.
Bayer is inviting financial investors to bid for its 60 percent stake in chemical park operator Currenta after initially failing to agree a sale to its former chemicals subsidiary Covestro, three people familiar with the matter told Reuters. Bayer, which is focusing on healthcare and crop protection after the takeover of U.S. seed maker Monsanto, has mandated Morgan Stanley to help with the transaction. Currenta, which operates infrastructure facilities at German chemical complexes in Leverkusen, Dormagen and Krefeld-Uerdingen, could be valued at upwards of 1 billion euros ($1.2 billion) and possibly more than 2 billion, according to one of the sources.
The circular steam project will allow LyondellBasell (LYB) and Covestro to realize annual CO2 reduction and drive yearly energy savings.
Markus Steilemann discusses concerns over heightened global protectionism, Covestro's digital strategy and Germany's economy.