Zacks Investment Research Upgrades Siemens AG (SIEGY) to Hold
Siemens AG (NASDAQ:SIEGY) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Saturday.
According to Zacks, “SIEMENS AG-ADR is the world’s largest supplier of products, systems, solutions and services for industrial automation and building technology. This business area includes Automation and Drives Industrial Solutions and Services Siemens Dematic Siemens Building Technologies AG. “
Separately, ValuEngine raised shares of Siemens AG from a “hold” rating to a “buy” rating in a research report on Saturday, June 3rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold”.
Siemens AG (NASDAQ:SIEGY) opened at 65.66 on Friday. The company has a market capitalization of $106.39 billion and a PE ratio of 15.94. The firm has a 50-day moving average of $69.21 and a 200 day moving average of $68.10. Siemens AG has a 12-month low of $53.61 and a 12-month high of $73.42.
Siemens AG (NASDAQ:SIEGY) last announced its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.83 by $0.11. The business had revenue of $23.53 billion for the quarter, compared to analyst estimates of $25.30 billion. Siemens AG had a net margin of 7.21% and a return on equity of 14.92%. Analysts forecast that Siemens AG will post $4.25 EPS for the current fiscal year.
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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