Siemens (SIEGY) Downgraded to “Hold” at Zacks Investment Research

Siemens (OTCMKTS:SIEGY) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a report released on Thursday.

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 from a “sell” rating to a “hold” rating in a report on Tuesday, October 2nd. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $65.00.

SIEGY stock opened at $56.03 on Thursday. The firm has a market capitalization of $96.76 billion, a PE ratio of 13.87, a price-to-earnings-growth ratio of 1.51 and a beta of 1.19. The company has a current ratio of 1.38, a quick ratio of 1.04 and a debt-to-equity ratio of 0.54. Siemens has a 12 month low of $54.12 and a 12 month high of $77.17.

Siemens (OTCMKTS:SIEGY) last released its quarterly earnings data on Thursday, November 8th. The technology company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.08). The business had revenue of $26.28 billion during the quarter, compared to analysts’ expectations of $26.40 billion. Siemens had a net margin of 7.03% and a return on equity of 12.19%. On average, research analysts expect that Siemens will post 4.38 EPS for the current fiscal year.

Siemens Company Profile

Siemens Aktiengesellschaft operates in the fields of electrification, automation, and digitalization worldwide. Its Power and Gas segment offers gas and steam turbines, generators, compressor trains, integrated power plant solutions, and instrumentation and control systems for power generation. The company's Energy Management segment offers software, products, systems, solutions, and services for transmitting, distributing, and managing electrical power, as well as for providing intelligent power infrastructure.

Read More: How to Use the New Google Finance Tool

Get a free copy of the Zacks research report on Siemens (SIEGY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Siemens Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Siemens and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply