Rheinmetall (OTCMKTS:RNMBY – Get Free Report) is anticipated to announce its results before the market opens on Thursday, August 6th. Analysts expect Rheinmetall to announce earnings of $1.39 per share and revenue of $3.5708 billion for the quarter.
Rheinmetall Trading Up 6.2%
OTCMKTS RNMBY opened at $264.54 on Thursday. The company has a quick ratio of 0.54, a current ratio of 1.04 and a debt-to-equity ratio of 0.18. Rheinmetall has a twelve month low of $211.20 and a twelve month high of $468.90. The firm has a market capitalization of $61.71 billion, a PE ratio of 124.20 and a beta of 0.18. The stock’s 50 day moving average is $255.24 and its 200 day moving average is $327.37.
Analysts Set New Price Targets
A number of brokerages have recently commented on RNMBY. Santander upgraded shares of Rheinmetall to an “outperform” rating in a report on Monday, May 4th. Citigroup raised shares of Rheinmetall from a “hold” rating to a “buy” rating in a research note on Monday, May 18th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Rheinmetall in a research note on Monday, April 20th. Zacks Research cut Rheinmetall from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 8th. Finally, Oddo Bhf raised Rheinmetall to an “outperform” rating in a research report on Monday, June 22nd. Eight equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock 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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