Siemens (OTCMKTS:SIEGY) Stock Rating Lowered by Zacks Research

Siemens (OTCMKTS:SIEGY) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Monday, Zacks reports.

Several other analysts also recently weighed in on SIEGY. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Siemens in a report on Monday, August 3rd. Jefferies Financial Group cut shares of Siemens from a “buy” rating to a “hold” rating in a report on Thursday, October 15th. Erste Group Bank upgraded shares of Siemens from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 27th. Evercore downgraded shares of Siemens from an “outperform” rating to a “hold” rating in a research report on Friday, October 2nd. Finally, Barclays reaffirmed an “underweight” rating on shares of Siemens in a research report on Monday, July 6th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Siemens Price Performance

Shares of OTCMKTS:SIEGY opened at $148.60 on Monday. The business’s 50 day moving average is $155.34 and its 200 day moving average is $149.71. Siemens has a 52-week low of $115.56 and a 52-week high of $169.47.

Siemens (OTCMKTS:SIEGY) last issued its earnings results on Thursday, August 6th. The technology company reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.19. The firm had revenue of $24.02 billion during the quarter, compared to analysts’ expectations of $23.57 billion. Siemens has set its FY 2026 guidance at 6.510-6.685 EPS. On average, sell-side analysts forecast that Siemens will post 6.32 EPS for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Siemens stock. Ferguson Wellman Capital Management Inc. increased its position in shares of Siemens AG (OTCMKTS:SIEGY) by 0.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 210,670 shares of the technology company’s stock after acquiring an additional 655 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in Siemens were worth $33,899,000 as of its most recent SEC filing. Institutional investors own 0.75% of the company’s stock.

Siemens Company Profile

Siemens AG is a global technology company that develops products, systems and software for industry, infrastructure, mobility and healthcare. Its offerings include industrial automation and control systems, digital manufacturing software, building and energy-management technologies, electrification equipment, rail vehicles and transportation solutions.

Siemens also provides healthcare technology through Siemens Healthineers, in which it holds a majority interest. Siemens Healthineers develops medical imaging, diagnostic, cancer-care and minimally invasive treatment technologies.