Zacks Investment Research upgraded shares of Siemens (OTCMKTS:SIEGY) from a hold rating to a strong-buy rating in a report issued on Wednesday morning. They currently have $65.00 price objective 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 upgraded Siemens from a sell rating to a hold rating in a research note 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’s stock. The company presently has an average rating of Hold and an average price target of $65.00.
Siemens stock opened at $56.03 on Wednesday. The stock has a market cap of $96.76 billion, a price-to-earnings ratio of 13.87, a PEG ratio of 1.51 and a beta of 1.19. Siemens has a 52-week low of $54.12 and a 52-week high of $77.17. The company has a quick ratio of 1.04, a current ratio of 1.38 and a debt-to-equity ratio of 0.54.
Siemens (OTCMKTS:SIEGY) last released its quarterly earnings results on Thursday, November 8th. The technology company reported $0.38 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.08). The firm had revenue of $26.28 billion for the quarter, compared to the consensus estimate of $26.40 billion. Siemens had a net margin of 7.03% and a return on equity of 12.19%. On average, sell-side analysts expect that Siemens will post 4.38 earnings per share for the current fiscal year.
The business also recently disclosed an annual dividend, which will be paid on Monday, February 11th. Investors of record on Friday, February 1st will be paid a dividend of $1.583 per share. The ex-dividend date of this dividend is Thursday, January 31st. This represents a dividend yield of 2.71%. Siemens’s dividend payout ratio (DPR) is presently 41.83%.
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.
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