J.P. Morgan analyst Jose Asumendi maintained a Buy rating on Continental Aktiengesellschaft on Friday, setting a price target of EUR140, which is approximately 37.87% above the present share price of $119.49.
Asumendi expects Continental Aktiengesellschaft to post earnings per share (EPS) of $0.00 for the third quarter of 2021.
The current consensus among 13 TipRanks analysts is for a Moderate Buy rating of shares in Continental Aktiengesellschaft, with an average price target of $154.78.
The analysts price targets range from a high of $190.63 to a low of $129.44.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $8.35 billion and a net profit of $282.2 million. The company's market cap is $22.4 billion.
According to TipRanks.com, J.P. Morgan analyst Jose Asumendi is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 9.6% and a 54.07% success rate.
Continental AG (OTC:CTTAY) 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.