Continental (OTCMKTS:CTTAY) Shares Gap Down – What’s Next?

Continental AG (OTCMKTS:CTTAY) gapped down before the market opened on Wednesday . The stock had previously closed at $7.52, but opened at $7.24. Continental shares last traded at $7.24, with a volume of 422 shares traded.

Analysts Set New Price Targets

A number of brokerages have commented on CTTAY. Citigroup reiterated a “buy” rating on shares of Continental in a research note on Thursday, November 13th. Barclays reiterated an “overweight” rating on shares of Continental in a research note on Monday, September 8th. Deutsche Bank Aktiengesellschaft raised Continental from a “hold” rating to a “buy” rating in a research report on Friday, October 17th. Oddo Bhf raised Continental to a “neutral” rating in a research report on Monday, September 1st. Finally, Jefferies Financial Group raised Continental from a “hold” rating to a “buy” rating in a report on Monday. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Continental Stock Performance

The company’s fifty day simple moving average is $7.28 and its two-hundred day simple moving average is $8.20. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.03 and a current ratio of 1.18. The stock has a market capitalization of $15.05 billion, a P/E ratio of 8.65, a PEG ratio of 1.34 and a beta of 1.44.

Continental (OTCMKTS:CTTAY) last issued its quarterly earnings data on Thursday, November 6th. The company reported ($0.55) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.17). The firm had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $4.93 billion. Continental had a return on equity of 13.20% and a net margin of 4.54%. As a group, equities analysts forecast that Continental AG will post 0.66 EPS for the current year.

About Continental

Continental Aktiengesellschaft, a technology company, offers intelligent solutions for vehicles, machines, traffic, and transportation worldwide. It operates through four sectors: Automotive, Tires, ContiTech, and Contract Manufacturing. The company offers safety, brake, chassis, motion, and motion control systems; solutions for assisted and automated driving; display and operating technologies; and audio and camera solutions for the vehicle interior, as well as intelligent information and communication technology solutions.