Siemens (OTCMKTS:SIEGY) Cut to Hold at Evercore

Siemens (OTCMKTS:SIEGY) was downgraded by Evercore from an “outperform” rating to a “hold” rating in a research note issued on Friday, Marketbeat.com reports.

Several other brokerages have also recently commented on SIEGY. Barclays reiterated an “underweight” rating on shares of Siemens in a research note on Monday, July 6th. Erste Group Bank upgraded shares of Siemens from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 27th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Siemens in a report on Monday, August 3rd. Finally, Kepler Capital Markets raised Siemens from a “strong sell” rating to a “hold” rating in a research note on Friday, July 3rd. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Siemens currently has an average rating of “Hold”.

Siemens Stock Up 1.3%

SIEGY opened at $155.27 on Friday. The business has a 50 day moving average price of $159.13 and a two-hundred day moving average price of $151.12. Siemens has a 52 week low of $115.56 and a 52 week high of $169.47. The company has a market cap of $242.84 billion, a PE ratio of 26.31, a P/E/G ratio of 10.28 and a beta of 1.41. The company has a quick ratio of 1.18, a current ratio of 1.44 and a debt-to-equity ratio of 0.55.

Siemens (OTCMKTS:SIEGY) last issued its quarterly earnings results on Thursday, August 6th. The technology company reported $1.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.50 by $0.19. Siemens had a net margin of 9.79% and a return on equity of 11.13%. The business had revenue of $24.02 billion for the quarter, compared to analyst estimates of $23.57 billion. Siemens has set its FY 2026 guidance at 6.510-6.685 EPS. As a group, research analysts anticipate that Siemens will post 6.4 EPS for the current year.

Hedge Funds Weigh In On Siemens

An institutional investor recently raised its stake in Siemens stock. Ferguson Wellman Capital Management Inc. grew its holdings in shares of Siemens AG (OTCMKTS:SIEGY) by 0.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 210,670 shares of the technology company’s stock after purchasing 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 SEC filing. 0.75% of the stock is currently owned by hedge funds and other institutional investors.

About Siemens

Siemens AG is a German technology company that provides products, software and services for industry, infrastructure, mobility and healthcare. Its offerings include industrial automation and control systems, manufacturing software, building-management and electrification technologies, energy distribution equipment, rail vehicles and transportation infrastructure, and digital solutions designed to improve operational efficiency and sustainability.

The company operates through businesses including Digital Industries, Smart Infrastructure and Mobility.