Siemens AG (SIEGY) Receives Average Rating of “Hold” from Brokerages
Siemens AG (NASDAQ:SIEGY) has received an average rating of “Hold” from the seven ratings firms that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, two have given a hold recommendation and three have assigned a buy recommendation to the company.
A number of research analysts have recently commented on SIEGY shares. Zacks Investment Research downgraded shares of Siemens AG from a “hold” rating to a “sell” rating in a research note on Wednesday, May 3rd. ValuEngine raised shares of Siemens AG from a “hold” rating to a “buy” rating in a research note on Saturday, June 3rd.
Shares of Siemens AG (SIEGY) traded down 1.41% on Friday, reaching $65.66. 430,226 shares of the company’s stock traded hands. Siemens AG has a 52 week low of $53.61 and a 52 week high of $73.42. The stock has a market capitalization of $106.39 billion and a price-to-earnings ratio of 15.94. The stock’s 50-day moving average price is $69.21 and its 200-day moving average price is $68.10.
Siemens AG (NASDAQ:SIEGY) last posted its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.94 EPS for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.11. Siemens AG had a net margin of 7.21% and a return on equity of 14.92%. The company had revenue of $23.53 billion during the quarter, compared to the consensus estimate of $25.30 billion. Equities analysts predict that Siemens AG will post $4.25 EPS for the current year.
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Siemens AG Company Profile
Siemens AG is a Germany-based technology company with activities in the fields of electrification, automation and digitalization. It is also a supplier of systems for power generation and transmission, as well as medical diagnosis. It operates through nine segments: Power and Gas; Wind Power and Renewables; Energy Management; Building Technologies; Mobility; Digital Factory; Process Industries and Drives; Healthineers, and Financial Services.
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