Rheinmetall (OTCMKTS:RNMBY) Downgraded by Zacks Research to Strong Sell

Zacks Research lowered shares of Rheinmetall (OTCMKTS:RNMBY) from a hold rating to a strong sell rating in a report released on Tuesday,Zacks reports.

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

Rheinmetall Stock Down 7.2%

Rheinmetall stock opened at $178.18 on Tuesday. The firm has a 50 day simple moving average of $223.32 and a 200 day simple moving average of $288.63. The company has a current ratio of 1.00, a quick ratio of 0.50 and a debt-to-equity ratio of 0.21. Rheinmetall has a 1-year low of $175.58 and a 1-year high of $450.00. The firm has a market capitalization of $41.58 billion, a price-to-earnings ratio of 50.62 and a beta of 0.21.

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

Rheinmetall Company Profile

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.