Rheinmetall (OTCMKTS:RNMBY) Rating Lowered to “Strong Sell” at Zacks Research

Rheinmetall (OTCMKTS:RNMBY) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Tuesday, Zacks reports.

RNMBY has been the topic of a number of other research reports. Sanford C. Bernstein cut Rheinmetall from a “strong-buy” rating to a “hold” rating in a report on Friday, November 6th. Berenberg Bank cut Rheinmetall from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 9th. Finally, Royal Bank Of Canada initiated coverage on Rheinmetall in a research note on Tuesday, August 11th. They set a “moderate buy” rating for the company. Five research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Rheinmetall presently has an average rating of “Moderate Buy”.

Rheinmetall Stock Down 7.2%

Shares of OTCMKTS:RNMBY opened at $178.18 on Tuesday. The company has a 50 day moving average of $223.32 and a 200-day moving average of $288.63. Rheinmetall has a one year low of $175.58 and a one year high of $450.00. The stock has a market cap of $41.58 billion, a price-to-earnings ratio of 50.62 and a beta of 0.21. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.00 and a quick ratio of 0.50.

Rheinmetall (OTCMKTS:RNMBY) last announced its quarterly earnings data on Thursday, November 5th. The company reported $1.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.22). The business had revenue of $3.54 billion during the quarter, compared to the consensus estimate of $3.60 billion. Rheinmetall had a net margin of 7.51% and a return on equity of 23.98%. On average, sell-side analysts forecast that Rheinmetall will post 7.52 earnings per share for the current year.

About Rheinmetall

Rheinmetall AG is a German technology group focused on defense and mobility. Its defense business develops and supplies military vehicles, weapons, ammunition, air-defense systems, sensors and electronic solutions for armed forces and government customers. The company also has a Power Systems business serving the automotive and industrial sectors. Its products include components and systems for vehicles and other applications, alongside technologies related to electrification and energy efficiency.