In a report released yesterday, Jose Asumendi from J.P. Morgan maintained a Sell rating on Continental Aktiengesellschaft (CTTAF), with a price target of $119. The company’s shares closed on Friday at $138, close to its 52-week low of $134.
According to TipRanks.com, Asumendi is a 2-star analyst with an average return of -1.0% and a 63.6% success rate. Asumendi covers the Consumer Goods sector, focusing on stocks such as Compagnie Générale des Établissements Michelin, Bayerische Motoren Werke Aktiengesellschaft, and Bayerische Motoren Werke Aktiengesellschaft.
The word on The Street in general, suggests a Hold analyst consensus rating for Continental Aktiengesellschaft with a $171.18 average price target.
See today’s analyst top recommended stocks >>
Based on Continental Aktiengesellschaft’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $653 million. In comparison, last year the company had a net profit of $907 million.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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 or Consolidation.
