Goldman Sachs Group cut shares of Continental (OTCMKTS:CTTAY) to a buy rating in a research note published on Tuesday.
Several other analysts have also recently commented on CTTAY. Zacks Investment Research upgraded Continental from a sell rating to a hold rating in a report on Monday, July 2nd. DZ Bank restated a buy rating on shares of Continental in a report on Friday, August 3rd. JPMorgan Chase & Co. restated a buy rating on shares of Continental in a report on Monday, July 9th. Finally, BNP Paribas cut Continental from a neutral rating to an underperform rating in a report on Thursday, October 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The company has an average rating of Hold and an average price target of $69.00.
CTTAY opened at $31.10 on Tuesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.08 and a quick ratio of 0.79. The stock has a market capitalization of $34.73 billion, a price-to-earnings ratio of 9.23, a price-to-earnings-growth ratio of 1.33 and a beta of 1.31. Continental has a 12 month low of $31.00 and a 12 month high of $61.71.
Continental (OTCMKTS:CTTAY) last posted its quarterly earnings results on Monday, July 23rd. The company reported $0.98 EPS for the quarter. The company had revenue of $13.56 billion during the quarter. Continental had a return on equity of 18.64% and a net margin of 6.87%. As a group, sell-side analysts forecast that Continental will post 3.38 EPS for the current fiscal year.
Continental Aktiengesellschaft provides products and services primarily for the automotive industry worldwide. It operates through Chassis&Safety, Powertrain, Interior, Tires, and ContiTech segments. The Chassis&Safety segment develops, produces, and markets intelligent systems to enhance driving safety and vehicle dynamics.
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