Continental (CTTAY) Stock Rating Lowered by Jefferies Financial Group
Jefferies Financial Group downgraded shares of Continental (OTCMKTS:CTTAY) from a buy rating to a hold rating in a report issued on Tuesday morning, Marketbeat.com reports. Jefferies Financial Group also issued estimates for Continental’s FY2018 earnings at $1.60 EPS, FY2019 earnings at $1.69 EPS and FY2020 earnings at $1.78 EPS.
Other research analysts have also issued research reports about the stock. DZ Bank reiterated a neutral rating on shares of Continental in a research note on Wednesday, August 22nd. JPMorgan Chase & Co. lowered shares of Continental from an overweight rating to a hold rating in a research note on Tuesday, August 28th. BNP Paribas lowered shares of Continental from a neutral rating to an underperform rating in a research note on Thursday, October 4th. Goldman Sachs Group lowered shares of Continental to a buy rating in a research note on Tuesday, October 16th. Finally, Citigroup lowered shares of Continental from a buy rating to a neutral rating in a research note on Thursday, November 15th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $69.00.
Shares of CTTAY opened at $14.12 on Tuesday. Continental has a fifty-two week low of $14.00 and a fifty-two week high of $30.86. The company has a market capitalization of $29.06 billion, a PE ratio of 8.44, a price-to-earnings-growth ratio of 1.43 and a beta of 1.13. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.08 and a quick ratio of 0.79.
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.
Featured Article: Cost of Equity
Receive News & Ratings for Continental Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Continental and related companies with MarketBeat.com's FREE daily email newsletter.