Jefferies Sticks to Its Hold Rating for Continental Aktiengesellschaft (CTTAF)

By Carrie Williams

Jefferies analyst Philippe Houchois maintained a Hold rating on Continental Aktiengesellschaft (CTTAFResearch Report) today and set a price target of $130. The company’s shares closed on Friday at $136.35, close to its 52-week low of $134.

According to TipRanks.com, Houchois is a 4-star analyst with an average return of 8.5% and a 50.0% success rate. Houchois covers the Consumer Goods sector, focusing on stocks such as Compagnie Générale des Établissements Michelin, Bayerische Motoren Werke Aktiengesellschaft, and Volkswagen AG.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Continental Aktiengesellschaft with a $172.31 average price target, a 26.4% upside from current levels. In a report issued on May 20, Credit Suisse also maintained a Hold rating on the stock with a $148 price target.

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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.

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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.