Zacks Investment Research Downgrades Siemens (SIEGY) to Hold

Siemens (OTCMKTS:SIEGY) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued on Thursday.

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 upgraded shares of Siemens from a “sell” rating to a “hold” rating in a research note on Tuesday, October 2nd. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Siemens presently has a consensus rating of “Hold” and an average target price of $65.00.

OTCMKTS:SIEGY opened at $56.03 on Thursday. Siemens has a one year low of $54.12 and a one year high of $77.17. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.38 and a quick ratio of 1.04. The stock has a market capitalization of $96.76 billion, a PE ratio of 13.87, a price-to-earnings-growth ratio of 1.51 and a beta of 1.19.

Siemens (OTCMKTS:SIEGY) last posted its quarterly earnings data on Thursday, November 8th. The technology company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.08). The firm had revenue of $26.28 billion for the quarter, compared to the consensus estimate of $26.40 billion. Siemens had a return on equity of 12.19% and a net margin of 7.03%. Research analysts forecast that Siemens will post 4.38 earnings per share for the current year.

Siemens Company Profile

Siemens Aktiengesellschaft operates in the fields of electrification, automation, and digitalization worldwide. Its Power and Gas segment offers gas and steam turbines, generators, compressor trains, integrated power plant solutions, and instrumentation and control systems for power generation. The company's Energy Management segment offers software, products, systems, solutions, and services for transmitting, distributing, and managing electrical power, as well as for providing intelligent power infrastructure.

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