Continental AG (CTTAY) Receives Average Recommendation of “Buy” from Brokerages
Continental AG (NASDAQ:CTTAY) has received a consensus broker rating score of 1.67 (Buy) from the three analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and two have issued a strong buy rating on the company. Continental AG’s rating score has improved by 16.5% from three months ago as a result of a number of analysts’ ratings changes.
Brokers have set a 1-year consensus price target of $57.50 for the company, according to Zacks. Zacks has also assigned Continental AG an industry rank of 17 out of 265 based on the ratings given to its competitors.
Several research firms have recently issued reports on CTTAY. Natixis raised Continental AG from a “neutral” rating to a “buy” rating in a research note on Tuesday, July 18th. Zacks Investment Research lowered Continental AG from a “buy” rating to a “hold” rating in a research note on Tuesday, July 18th. Finally, Deutsche Bank AG raised Continental AG from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th.
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Continental AG (CTTAY) traded down 0.69% during mid-day trading on Monday, reaching $50.05. The company had a trading volume of 4,039 shares. The company has a market capitalization of $50.05 billion and a PE ratio of 15.66. The firm has a 50-day moving average of $49.66 and a 200 day moving average of $45.82. Continental AG has a 1-year low of $34.14 and a 1-year high of $51.27.
Continental AG Company Profile
Continental AG is an automotive supplier. The Company’s segments include Chassis & Safety, Powertrain, Interior, Tires, ContiTech and Other/consolidation. The Chassis & Safety division develops, produces and markets intelligent systems. The Chassis & Safety division consists of four business units: Vehicle Dynamics, Hydraulic Brake Systems, Passive Safety & Sensorics, and Advanced Driver Assistance Systems.
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