Siemens Energy AG Unsponsored ADR (OTCMKTS:SMNEY) Receives Average Recommendation of “Moderate Buy” from Brokerages

Siemens Energy AG Unsponsored ADR (OTCMKTS:SMNEY) has been assigned an average rating of “Moderate Buy” from the twelve research firms that are currently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company.

Several research firms have recently weighed in on SMNEY. Sanford C. Bernstein began coverage on shares of Siemens Energy in a report on Wednesday, January 7th. They issued an “outperform” rating on the stock. Zacks Research cut Siemens Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 10th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Siemens Energy in a research note on Thursday, January 29th. UBS Group raised Siemens Energy from a “strong sell” rating to a “buy” rating in a report on Friday, January 23rd. Finally, Citigroup reiterated a “neutral” rating on shares of Siemens Energy in a research report on Thursday, February 12th.

Siemens Energy Price Performance

SMNEY stock opened at $175.64 on Friday. The firm has a 50 day moving average of $174.91 and a 200-day moving average of $146.09. The firm has a market capitalization of $150.23 billion, a P/E ratio of 71.98 and a beta of 2.06. Siemens Energy has a 12 month low of $50.60 and a 12 month high of $176.73. The company has a current ratio of 0.90, a quick ratio of 0.63 and a debt-to-equity ratio of 0.23.

Siemens Energy (OTCMKTS:SMNEY) last posted its earnings results on Wednesday, February 11th. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.06. Siemens Energy had a net margin of 4.75% and a return on equity of 18.48%. The business had revenue of $11.26 billion for the quarter, compared to analyst estimates of $11.95 billion. As a group, sell-side analysts predict that Siemens Energy will post 0.24 earnings per share for the current fiscal year.

About Siemens Energy

Siemens Energy AG is a global energy technology company headquartered in Germany that provides equipment, systems and services across the power generation and transmission value chains. Established as an independent public company through a spin-off of Siemens AG’s energy businesses in 2020, Siemens Energy draws on a long industrial heritage to design, manufacture and service technologies used by utilities, industrial customers and the oil and gas sector.

The company’s product and service portfolio includes gas and steam turbines, generators, transformers and high-voltage transmission equipment as well as grid connection and power-conversion systems.