Siemens (SIEGY) Upgraded to “Buy” at Zacks Investment Research
Siemens (OTCMKTS:SIEGY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Wednesday. The firm currently has a $74.00 target price on the technology company’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 14.18% from the company’s current price.
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. “
Other equities research analysts have also issued research reports about the stock. Morgan Stanley upgraded shares of Siemens from an “equal weight” rating to an “overweight” rating in a report on Monday, December 11th. ValuEngine upgraded shares of Siemens from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Finally, Barclays lowered shares of Siemens from an “equal weight” rating to an “underweight” rating in a report on Tuesday, December 5th.
Siemens (OTCMKTS:SIEGY) last posted its quarterly earnings results on Wednesday, January 31st. The technology company reported $1.54 EPS for the quarter, beating the consensus estimate of $1.46 by $0.08. Siemens had a net margin of 7.59% and a return on equity of 15.45%. The business had revenue of $23.35 billion during the quarter, compared to analyst estimates of $24.69 billion. sell-side analysts expect that Siemens will post 4.72 earnings per share for the current year.
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Siemens 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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