Warburg Research Keeps Their Buy Rating on Continental Aktiengesellschaft (CTTAF)

In a report released today, Marc Rene Tonn from Warburg Research maintained a Buy rating on Continental Aktiengesellschaft (CTTAF – Research Report), with a price target of €75.00. The company’s shares closed yesterday at $56.30.

According to TipRanks, Rene Tonn is a 4-star analyst with an average return of 7.1% and a 50.43% success rate.

In addition to Warburg Research, Continental Aktiengesellschaft also received a Buy from Jefferies’s Michael Aspinall in a report issued today. However, on July 2, UBS maintained a Hold rating on Continental Aktiengesellschaft (Other OTC: CTTAF).

Based on Continental Aktiengesellschaft’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $10.29 billion and a net profit of $282.7 million. In comparison, last year the company earned a revenue of $8.8 billion and had a net profit of $133.2 million

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Continental Aktiengesellschaft (CTTAF) Company Description:

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. The Chassis and Safety segment develops, produces, and markets intelligent systems to improve driving safety and vehicle dynamics. The Powertrains segment integrates system solutions for the powertrains. The Interior segment provides information management for vehicles; and develops and produces communication, and network solutions. The Tires segment offers reduction of fuel consumption by minimizing rolling resistance. The ContiTech segment covers the development, manufacture, and market of products for the machine and plant engineering, mining, and automotive industry. The Other or Consolidation segment represents the centrally managed subsidiaries and affiliates including holding, financing, and insurance companies. The company was founded on October 8, 1871 and is headquartered in Hanover, Germany.