Siemens AG (NASDAQ:SIEGY) Upgraded by ValuEngine to Buy

Siemens AG (NASDAQ:SIEGY) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Monday, September 11th.

Separately, Zacks Investment Research raised shares of Siemens AG from a “strong sell” rating to a “hold” rating in a report on Saturday, August 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $79.00.

Siemens AG (NASDAQ:SIEGY) traded down 0.378% during trading on Monday, hitting $69.935. 44,927 shares of the stock were exchanged. The firm has a market capitalization of $113.69 billion and a price-to-earnings ratio of 16.300. Siemens AG has a 1-year low of $55.73 and a 1-year high of $73.42. The company has a 50-day moving average price of $66.71 and a 200 day moving average price of $68.68.

Siemens AG (NASDAQ:SIEGY) last released its earnings results on Thursday, August 3rd. The technology company reported $0.94 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.11. The company had revenue of $23.53 billion during the quarter, compared to analyst estimates of $25.30 billion. Siemens AG had a net margin of 6.91% and a return on equity of 14.34%. Equities analysts predict that Siemens AG will post $4.25 earnings per share for the current fiscal year.

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Siemens AG Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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