Continental Aktiengesellschaft (CTTAF) was downgraded to a Hold Rating at Warburg Research

Continental Aktiengesellschaft (CTTAF – Research Report) received a Hold rating and a €78.00 price target from Warburg Research analyst Marc Rene Tonn today. The company’s shares closed yesterday at $85.01.

According to TipRanks, Rene Tonn is a 4-star analyst with an average return of 6.5% and a 52.45% success rate. Rene Tonn covers the Industrials sector, focusing on stocks such as Stabilus, NORMA Group SE, and Schaeffler.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Continental Aktiengesellschaft with a $94.51 average price target, an 11.17% upside from current levels. In a report released yesterday, Jefferies also maintained a Hold rating on the stock with a €80.00 price target.

Based on Continental Aktiengesellschaft’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $4.91 billion and a net profit of $68 million. In comparison, last year the company earned a revenue of $9.79 billion and had a GAAP net loss of $53 million

Based on the recent corporate insider activity of 7 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CTTAF in relation to earlier this year.