Continental AG (NASDAQ:CTTAY) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating.
Analysts have set a 1-year consensus price objective of $47.45 for the company, according to Zacks. Zacks has also given Continental AG an industry rank of 55 out of 265 based on the ratings given to its competitors.
A number of analysts recently weighed in on the stock. Goldman Sachs Group Inc. cut shares of Continental AG from a “buy” rating to a “neutral” rating in a research note on Monday, June 27th. Zacks Investment Research cut shares of Continental AG from a “buy” rating to a “hold” rating in a research note on Wednesday, July 6th. Finally, Barclays PLC raised shares of Continental AG from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, July 6th.
Continental AG (NASDAQ:CTTAY) traded down 0.93% during midday trading on Thursday, hitting $41.42. The stock had a trading volume of 7,427 shares. The stock’s 50 day moving average price is $42.57 and its 200-day moving average price is $42.09. The company has a market cap of $41.42 billion and a PE ratio of 12.66. Continental AG has a 52 week low of $36.29 and a 52 week high of $49.75.
Continental AG Company Profile
Continental AG (Continental) is a global automotive supplier, tire manufacturer and industrial partner to other industries. Continental operates through six segments: Chassis & Safety, Powertrain, Interior, Tires, ContiTech and Other/consolidation. The Chassis & Safety segment focuses on technologies for active and passive safety, and for vehicle dynamics.
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