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

Siemens (OTCMKTS:SIEGY) was downgraded by equities researchers at Vertical Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Thursday, Zacks reports.

A number of other brokerages have also weighed in on SIEGY. Zacks Research lowered Siemens from a “hold” rating to a “strong sell” rating in a research note on Monday, October 26th. Jefferies Financial Group cut shares of Siemens from a “buy” rating to a “hold” rating in a research report on Thursday, October 15th. Evercore downgraded shares of Siemens from an “outperform” rating to a “hold” rating in a research note on Friday, October 2nd. Deutsche Bank reiterated a “hold” rating on shares of Siemens in a research report on Monday, August 3rd. Finally, Erste Group Bank raised shares of Siemens from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 27th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold”.

Siemens Price Performance

Shares of Siemens stock traded down $0.91 during trading on Thursday, hitting $154.09. The stock had a trading volume of 104,019 shares, compared to its average volume of 184,492. The firm has a market cap of $241.00 billion, a price-to-earnings ratio of 24.49, a P/E/G ratio of 10.28 and a beta of 1.47. Siemens has a 12 month low of $115.56 and a 12 month high of $169.47. The business’s 50-day moving average is $152.47 and its 200 day moving average is $149.82. The company has a current ratio of 1.44, a quick ratio of 1.18 and a debt-to-equity ratio of 0.55.

Institutional Trading of Siemens

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

Top Siemens Stories

Investors following SIEGY have been watching these stories:

• Positive Sentiment: Fourth-quarter EPS was $1.62 versus a $1.59 consensus, while revenue of $26.28 billion topped estimates of $26.12 billion. Siemens also reported record orders, up 58% to €38.5 billion, and double-digit revenue growth in Smart Infrastructure and Digital Industries. Reuters: Siemens posts Q4 profit above forecasts, raises mid-term guidance
• Positive Sentiment: The company raised its mid-term targets, offered a positive outlook and increased its dividend, supporting the case for continued growth and shareholder returns. RTTNews: Siemens Stock Gains On Strong Q4, Dividend Hike, Positive Outlook
• Neutral Sentiment: Siemens aims to accelerate growth without Healthineers, signaling a strategic focus on its remaining businesses; the longer-term effect will depend on execution. MarketScreener: Siemens aims to grow faster without Healthineers

About Siemens

Siemens AG is a global technology company focused on industry, infrastructure and mobility. Its products and services include factory automation and industrial software, building and energy-management systems, electrical equipment, and rail vehicles and infrastructure. Founded in Berlin in 1847 by Werner von Siemens and Johann Georg Halske, the company has grown from a telegraph business into an international engineering and technology group. Siemens serves customers across markets worldwide, including manufacturing, transportation, utilities and commercial buildings.