Siemens (OTCMKTS:SIEGY) Stock Bumped Down to Inline by Evercore

Siemens (OTCMKTS:SIEGY) was downgraded by investment analysts at Evercore from an “outperform” rating to an “inline” rating in a note issued to investors on Friday, Briefing.com reports.

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

Siemens Stock Up 1.3%

OTCMKTS:SIEGY traded up $2.01 on Friday, hitting $155.25. The stock had a trading volume of 8,259 shares, compared to its average volume of 200,117. The company has a market cap of $242.81 billion, a PE ratio of 26.30, a P/E/G ratio of 13.32 and a beta of 1.41. Siemens has a 52 week low of $115.56 and a 52 week high of $169.47. The business’s fifty day moving average is $159.11 and its 200 day moving average is $151.09. 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 earnings results on Thursday, August 6th. The technology company reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $1.50 by $0.19. The company had revenue of $24.02 billion for the quarter, compared to analyst estimates of $23.57 billion. Siemens had a return on equity of 11.13% and a net margin of 9.79%.Siemens has set its FY 2026 guidance at 6.510-6.685 EPS. On average, equities research analysts expect that Siemens will post 6.44 EPS for the current fiscal year.

Hedge Funds Weigh In On Siemens

A hedge fund recently raised its stake in Siemens stock. Ferguson Wellman Capital Management Inc. raised its holdings in Siemens AG (OTCMKTS:SIEGY) by 0.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent reporting period. 0.75% of the stock is owned by 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.