Siemens AG (OTCMKTS:SIEGY) Receives Average Recommendation of “Hold” from Brokerages

Shares of Siemens AG (OTCMKTS:SIEGY) have been assigned a consensus rating of “Hold” from the eleven brokerages that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating on the company.

A number of research analysts have recently commented on SIEGY shares. Evercore began coverage on Siemens in a research report on Monday, December 15th. They set an “outperform” rating for the company. Sanford C. Bernstein initiated coverage on shares of Siemens in a research note on Wednesday, January 7th. They set an “outperform” rating on the stock. Kepler Capital Markets downgraded shares of Siemens from a “hold” rating to a “reduce” rating in a report on Tuesday, January 27th. Zacks Research upgraded Siemens from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 15th. Finally, Barclays restated an “underweight” rating on shares of Siemens in a research report on Wednesday, December 3rd.

Siemens Trading Up 1.3%

Shares of Siemens stock opened at $126.67 on Tuesday. Siemens has a twelve month low of $94.55 and a twelve month high of $161.80. The company has a quick ratio of 1.15, a current ratio of 1.38 and a debt-to-equity ratio of 0.59. The business has a 50-day moving average price of $145.15 and a 200-day moving average price of $140.05. The firm has a market cap of $202.67 billion, a price-to-earnings ratio of 22.41 and a beta of 1.25.

Siemens (OTCMKTS:SIEGY) last announced its quarterly earnings results on Thursday, February 12th. The technology company reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.23. Siemens had a return on equity of 11.90% and a net margin of 9.93%.The company had revenue of $22.70 billion during the quarter, compared to analyst estimates of $18.95 billion. Equities research analysts anticipate that Siemens will post 6.59 EPS for the current fiscal year.

Siemens Company Profile

Siemens AG is a German multinational conglomerate headquartered in Munich that develops and sells infrastructure and industrial technology. The company’s activities cover a broad range of engineering and technology solutions, including industrial automation and control systems, software for product lifecycle and factory automation, building and energy management systems, and transportation solutions such as rolling stock and rail signaling. Siemens serves industrial, commercial and public-sector customers with products and turnkey systems as well as lifecycle services and digital solutions.

Siemens operates through multiple business units that emphasize digitalization, electrification and automation across industries.