Zacks Investment Research downgraded shares of Siemens AG (NASDAQ:SIEGY) from a strong-buy rating to a sell rating in a research note released on Thursday, July 13th.
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 raised shares of Siemens AG from a hold rating to a buy rating in a report on Saturday, June 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The company currently has an average rating of Hold.
Shares of Siemens AG (NASDAQ:SIEGY) opened at 65.45 on Thursday. The firm has a 50-day moving average of $68.88 and a 200 day moving average of $68.08. Siemens AG has a 12-month low of $55.72 and a 12-month high of $73.42. The stock has a market capitalization of $106.05 billion and a price-to-earnings ratio of 15.89.
Siemens AG (NASDAQ:SIEGY) last issued its earnings results on Thursday, August 3rd. The technology company reported $0.94 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $0.11. The business had revenue of $23.53 billion for the quarter, compared to the consensus estimate of $25.30 billion. Siemens AG had a net margin of 7.21% and a return on equity of 14.92%. Equities analysts forecast that Siemens AG will post $4.25 earnings per share for the current fiscal year.
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About Siemens AG
Siemens AG is a Germany-based technology company with activities in the fields of electrification, automation and digitalization. It is also a supplier of systems for power generation and transmission, as well as medical diagnosis. It operates through nine segments: Power and Gas; Wind Power and Renewables; Energy Management; Building Technologies; Mobility; Digital Factory; Process Industries and Drives; Healthineers, and Financial Services.
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