Siemens Energy (OTCMKTS:SMNEY) Sets New 1-Year High – Still a Buy?

Siemens Energy AG (OTCMKTS:SMNEY) hit a new 52-week high during trading on Monday . The stock traded as high as $88.30 and last traded at $88.30, with a volume of 57330 shares. The stock had previously closed at $84.73.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley reaffirmed an “overweight” rating on shares of Siemens Energy in a report on Wednesday, April 23rd. UBS Group lowered shares of Siemens Energy from a “hold” rating to a “strong sell” rating in a report on Monday, January 20th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Siemens Energy in a report on Thursday, March 27th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Siemens Energy Stock Up 4.2%

The stock’s 50-day simple moving average is $69.86 and its 200 day simple moving average is $59.67. The company has a market cap of $70.58 billion and a price-to-earnings ratio of 401.36.

Siemens Energy (OTCMKTS:SMNEY) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.52 earnings per share (EPS) for the quarter. The business had revenue of $10.48 billion for the quarter. On average, sell-side analysts expect that Siemens Energy AG will post 0.24 EPS for the current fiscal year.

Siemens Energy Company Profile

Siemens Energy AG operates as an energy technology company worldwide. It operates through Gas Services, Grid Technologies, Transformation of Industry, and Siemens Gamesa segments. The company provides gas and steam turbines, generators, and heat pumps, as well as performance enhancement, maintenance, customer training, and professional consulting services for central and distributed power generation; and high voltage direct current transmission systems, offshore windfarm grid connections, transformers, flexible alternating current transmission systems, high voltage substations, air and gas-insulated switchgears, digital grid solutions and components, and storage solutions.