Rheinmetall Stock Soars Following $4 Billion Order for Combat Vehicles, Signaling Increased Defense Spending
Written by Emily J. Thompson, Senior Investment Analyst
Source: WSJ
Rheinmetall's Stock Surge: Shares in German arms manufacturer Rheinmetall rose significantly following a major order for defense products, indicating increased demand in Europe.
Joint Venture Success: The order, valued at 3.41 billion euros ($3.97 billion), was awarded to Artec, a joint venture between Rheinmetall and KNDS Germany, with Rheinmetall receiving nearly 3 billion euros of the total.
Analyst Views on AM
Wall Street analysts forecast AM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AM is 20.00 USD with a low forecast of 20.00 USD and a high forecast of 20.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
0 Buy
1 Hold
1 Sell
Moderate Sell
Current: 18.770
Low
20.00
Averages
20.00
High
20.00
Current: 18.770
Low
20.00
Averages
20.00
High
20.00
About AM
Antero Midstream Corporation is a midstream energy company. The Company owns, operates and develops midstream gathering, compression, processing and fractionation assets located in the Appalachian Basin, as well as integrated water assets that primarily service Antero Resources Corporation’s (Antero Resources) properties. The Company’s assets consist of gathering systems and compression facilities, water handling and blending facilities and interests in processing and fractionation plants. The Company’s segments include gathering and processing and water handling. The gathering and processing segment includes a network of gathering pipelines and compressor stations that collect and process production from Antero Resources’ wells in the Appalachian Basin, as well as equity in earnings from its investments in the Joint Venture and Stonewall. The water handling segment includes two independent systems that deliver water from sources and other fluid handling services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
