Continental Aktiengesellschaft (OTCMKTS:CTTAY) – Jefferies Financial Group cut their FY2021 earnings per share (EPS) estimates for Continental Aktiengesellschaft in a report issued on Friday, April 9th. Jefferies Financial Group analyst S. Gommel now forecasts that the company will post earnings of $1.06 per share for the year, down from their prior estimate of $1.10. Jefferies Financial Group also issued estimates for Continental Aktiengesellschaft’s FY2022 earnings at $1.50 EPS and FY2023 earnings at $1.75 EPS.
CTTAY has been the subject of several other reports. Citigroup reissued a “buy” rating on shares of Continental Aktiengesellschaft in a report on Wednesday, March 10th. Oddo Bhf cut Continental Aktiengesellschaft from a “neutral” rating to an “underperform” rating in a report on Wednesday, March 10th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Continental Aktiengesellschaft in a report on Monday, March 22nd. Zacks Investment Research lowered Continental Aktiengesellschaft from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 6th. Finally, Barclays restated an “equal weight” rating on shares of Continental Aktiengesellschaft in a research report on Friday, March 19th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $12.00.
About Continental Aktiengesellschaft
Continental AG is a holding company, which engages in the manufacture and sale of soft rubber products, rubberized fabrics, and solid tires. It operates through the following segments: Chassis and Safety, Powertrain, Interior, Tires, ContiTech, and Other/Consolidation. The Chassis and Safety segment intergrates intelligent systems to improve driving safety and vehicle dynamics.
Further Reading: Debt-To-Equity Ratio
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