Continental (OTCMKTS:CTTAY) Reaches New 52-Week High - Should You Buy?

Continental AG (OTCMKTS:CTTAY - Get Free Report) hit a new 52-week high on Wednesday . The stock traded as high as $9.12 and last traded at $9.12, with a volume of 675 shares. The stock had previously closed at $8.97.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Jefferies Financial Group downgraded Continental from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Hsbc Global Res raised Continental to a "hold" rating in a report on Wednesday, April 2nd. Finally, Citigroup reissued a "buy" rating on shares of Continental in a report on Wednesday, April 2nd.

Continental Trading Down 0.7%

The company has a quick ratio of 1.47, a current ratio of 1.68 and a debt-to-equity ratio of 0.27. The business has a fifty day simple moving average of $8.61 and a 200 day simple moving average of $7.62. The company has a market cap of $18.21 billion, a price-to-earnings ratio of 13.01, a P/E/G ratio of 0.74 and a beta of 1.37.

Continental (OTCMKTS:CTTAY - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.04. The business had revenue of $11.02 billion during the quarter, compared to the consensus estimate of $10.78 billion. Continental had a return on equity of 9.84% and a net margin of 3.71%. On average, equities analysts anticipate that Continental AG will post 0.66 EPS for the current fiscal year.

Continental Increases Dividend

The company also recently declared 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 represents a dividend yield of 2.61%. The ex-dividend date was Tuesday, April 29th. This is an increase from Continental's previous dividend of $0.16. Continental's payout ratio is 28.57%.

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.