Siemens (OTCMKTS:SIEGY) Raised to Strong-Buy at Erste Group Bank

Siemens (OTCMKTS:SIEGY) was upgraded by analysts at Erste Group Bank from a “hold” rating to a “strong-buy” rating in a report issued on Thursday,Zacks.com reports.

Other equities analysts have also issued reports about the stock. Kepler Capital Markets upgraded shares of Siemens from a “strong sell” rating to a “hold” rating in a research report on Friday, July 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Siemens in a report on Monday, August 3rd. Evercore restated an “outperform” rating on shares of Siemens in a report on Friday, May 15th. Finally, Barclays reiterated an “underweight” rating on shares of Siemens in a research report on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Siemens Trading Up 0.1%

Shares of SIEGY opened at $167.37 on Thursday. The stock has a 50 day simple moving average of $158.75 and a 200-day simple moving average of $148.55. The company has a current ratio of 1.39, a quick ratio of 1.16 and a debt-to-equity ratio of 0.59. The stock has a market cap of $261.77 billion, a PE ratio of 28.36 and a beta of 1.39. Siemens has a 1 year low of $115.56 and a 1 year high of $169.47.

Siemens (OTCMKTS:SIEGY) last announced its quarterly earnings results on Thursday, August 6th. The technology company reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.50 by $0.19. Siemens had a return on equity of 11.35% and a net margin of 9.79%.The firm had revenue of $24.02 billion for the quarter, compared to analysts’ expectations of $23.57 billion. Siemens has set its FY 2026 guidance at 6.510-6.685 EPS. On average, sell-side analysts predict that Siemens will post 6.52 EPS for the current fiscal year.

Hedge Funds Weigh In On Siemens

A hedge fund recently raised its position in Siemens stock. Ferguson Wellman Capital Management Inc. boosted its holdings in shares of Siemens AG (OTCMKTS:SIEGY) by 0.3% in the second quarter, according to its most recent filing with the SEC. The firm owned 210,670 shares of the technology company’s stock after acquiring an additional 655 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in Siemens were worth $33,899,000 as of its most recent filing with the SEC. 0.75% of the stock is owned by institutional investors.

Siemens Company Profile

Siemens AG is a German multinational conglomerate headquartered in Munich that develops and sells infrastructure and industrial technology. The company’s activities cover a broad range of engineering and technology solutions, including industrial automation and control systems, software for product lifecycle and factory automation, building and energy management systems, and transportation solutions such as rolling stock and rail signaling. Siemens serves industrial, commercial and public-sector customers with products and turnkey systems as well as lifecycle services and digital solutions.

Siemens operates through multiple business units that emphasize digitalization, electrification and automation across industries.