Continental AG (OTCMKTS:CTTAY - Get Free Report)'s stock price was down 0.6% on Tuesday . The stock traded as low as $8.84 and last traded at $8.84. Approximately 15,234 shares were traded during trading, a decline of 51% from the average daily volume of 30,816 shares. The stock had previously closed at $8.89.
Analysts Set New Price Targets
Several equities analysts have weighed in on CTTAY shares. Jefferies Financial Group cut 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.
Read Our Latest Analysis on CTTAY
Continental Stock Performance
The stock has a market cap of $17.68 billion, a P/E ratio of 12.63, a P/E/G ratio of 0.72 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. The stock has a 50-day moving average price of $8.64 and a 200-day moving average price of $7.66.
Continental (OTCMKTS:CTTAY - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.11 earnings per share for the quarter, topping analysts' consensus estimates of $0.07 by $0.04. The company 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 research analysts expect that Continental AG will post 0.66 EPS for the current year.
Continental Increases Dividend
The company also recently announced a dividend, which was paid on Wednesday, May 7th. Investors of record on Wednesday, April 30th were given a $0.1978 dividend. This is an increase from Continental's previous dividend of $0.16. The ex-dividend date of this dividend was Tuesday, April 29th. This represents a yield of 2.61%. Continental's payout ratio is presently 27.14%.
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.
Further Reading
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