Continental AG (OTCMKTS:CTTAY) – Equities researchers at Jefferies Group raised their FY2020 earnings per share estimates for shares of Continental in a research note issued on Tuesday. Jefferies Group analyst A. Kurian now forecasts that the company will post earnings of $5.02 per share for the year, up from their previous forecast of $5.01.
A number of other equities analysts have also recently weighed in on the company. Zacks Investment Research cut Continental from a “hold” rating to a “sell” rating in a research note on Tuesday, November 14th. Barclays reissued a “neutral” rating on shares of Continental in a research note on Tuesday, January 16th. Deutsche Bank reissued a “buy” rating on shares of Continental in a research note on Tuesday, January 23rd. Finally, DZ Bank reissued a “buy” rating on shares of Continental in a research note on Tuesday, January 16th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Continental currently has an average rating of “Buy” and an average price target of $69.00.
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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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