Rheinmetall (OTCMKTS:RNMBY – Get Free Report) is expected to be issuing its results before the market opens on Thursday, August 6th. Analysts expect Rheinmetall to announce earnings of $1.39 per share and revenue of $3.7012 billion for the quarter.
Rheinmetall Price Performance
Shares of Rheinmetall stock opened at $272.45 on Tuesday. Rheinmetall has a 52-week low of $211.20 and a 52-week high of $468.90. The stock has a market capitalization of $63.56 billion, a price-to-earnings ratio of 127.91 and a beta of 0.18. The company has a fifty day moving average of $254.28 and a 200-day moving average of $323.66. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.54 and a current ratio of 1.04.
Analysts Set New Price Targets
Several analysts have weighed in on RNMBY shares. Zacks Research downgraded shares of Rheinmetall from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 8th. Santander upgraded Rheinmetall to an “outperform” rating in a report on Monday, May 4th. Citigroup raised Rheinmetall from a “hold” rating to a “buy” rating in a research note on Monday, May 18th. Oddo Bhf raised Rheinmetall to an “outperform” rating in a research note on Monday, June 22nd. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Rheinmetall in a research report on Monday, April 20th. Eight research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy”.
About Rheinmetall
Rheinmetall AG is a Germany-based technology group specializing in defense and automotive solutions. Established in 1889 and headquartered in Düsseldorf, the company operates through two core divisions: Defense and Mobility (formerly Automotive). With a long heritage in engineering and manufacturing, Rheinmetall has evolved into a leading supplier of military vehicles, weapons systems and civilian mobility components, serving customers worldwide.
The Defense division develops and produces a broad portfolio of products and services for armed forces.
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