Jefferies Group Equities Analysts Lift Earnings Estimates for Continental AG (CTTAY)
Continental AG (OTCMKTS:CTTAY) – Research analysts at Jefferies Group upped their FY2020 earnings per share (EPS) estimates for shares of Continental in a report issued on Tuesday. Jefferies Group analyst A. Kurian now expects that the company will post earnings of $5.02 per share for the year, up from their previous estimate of $5.01.
A number of other research firms also recently issued reports on CTTAY. DZ Bank reiterated a “buy” rating on shares of Continental in a report on Tuesday, January 16th. Zacks Investment Research upgraded Continental from a “hold” rating to a “buy” rating and set a $69.00 price objective for the company in a report on Monday, January 29th. Deutsche Bank reiterated a “buy” rating on shares of Continental in a report on Tuesday, January 23rd. Finally, Barclays reiterated a “neutral” rating on shares of Continental in a report on Tuesday, January 16th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price 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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