Continental AG (OTCMKTS:CTTAY - Get Free Report) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as $9.12 and last traded at $9.12, with a volume of 675 shares trading hands. The stock had previously closed at $8.97.
Wall Street Analysts Forecast Growth
CTTAY has been the subject of several research reports. Jefferies Financial Group downgraded Continental from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Hsbc Global Res upgraded Continental to a "hold" rating in a research note on Wednesday, April 2nd. Finally, Citigroup reiterated a "buy" rating on shares of Continental in a research note on Wednesday, April 2nd.
Get Our Latest Stock Analysis on CTTAY
Continental Price Performance
The business's 50-day moving average price is $8.58 and its 200 day moving average price is $7.60. The stock has a market capitalization of $18.17 billion, a PE ratio of 12.98, a price-to-earnings-growth ratio of 0.74 and a beta of 1.37. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.47 and a current ratio of 1.68.
Continental (OTCMKTS:CTTAY - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.07 by $0.04. Continental had a return on equity of 9.84% and a net margin of 3.71%. The firm had revenue of $11.02 billion for the quarter, compared to analysts' expectations of $10.78 billion. Research analysts forecast that Continental AG will post 0.66 earnings per share for the current year.
Continental Increases Dividend
The business also recently disclosed a dividend, which was paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 30th were paid a dividend of $0.1978 per share. This is a boost from Continental's previous dividend of $0.16. This represents a dividend yield of 2.61%. The ex-dividend date of this dividend was Tuesday, April 29th. Continental's dividend payout ratio (DPR) is 28.57%.
About Continental
(
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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.
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