Siemens AG (SIEGY) Upgraded to Strong-Buy at Zacks Investment Research
Zacks Investment Research upgraded shares of Siemens AG (NASDAQ:SIEGY) from a hold rating to a strong-buy rating in a research note issued to investors on Wednesday morning. They currently have $79.00 target price on the technology company’s stock.
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 Siemens AG from a hold rating to a buy rating in a research report on Saturday, June 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of Buy and an average price target of $79.00.
Shares of Siemens AG (SIEGY) opened at 69.72 on Wednesday. The firm has a 50-day moving average of $66.60 and a 200-day moving average of $68.58. The firm has a market capitalization of $113.34 billion and a PE ratio of 16.60. Siemens AG has a 1-year low of $55.72 and a 1-year high of $73.42.
Siemens AG (NASDAQ:SIEGY) last released its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.11. Siemens AG had a return on equity of 14.34% and a net margin of 6.91%. The firm had revenue of $23.53 billion during the quarter, compared to the consensus estimate of $25.30 billion. On average, equities research analysts anticipate that Siemens AG will post $4.25 EPS for the current fiscal year.
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About Siemens AG
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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