Siemens (OTCMKTS:SIEGY) Raised to Strong-Buy at Erste Group Bank

Siemens (OTCMKTS:SIEGYGet Free Report) was upgraded by Erste Group Bank from a “hold” rating to a “strong-buy” rating in a note issued to investors on Thursday,Zacks.com reports.

SIEGY has been the subject of a number of other research reports. Evercore restated an “outperform” rating on shares of Siemens in a research note on Friday, May 15th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Siemens in a report on Monday, August 3rd. Kepler Capital Markets raised shares of Siemens from a “strong sell” rating to a “hold” rating in a research report on Friday, July 3rd. Finally, Barclays reaffirmed an “underweight” rating on shares of Siemens in a research report on Monday, July 6th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Siemens presently has a consensus rating of “Moderate Buy”.

Check Out Our Latest Analysis on SIEGY

Siemens Trading Up 0.1%

OTCMKTS:SIEGY opened at $167.37 on Thursday. Siemens has a 12 month low of $115.56 and a 12 month high of $169.47. The company has a current ratio of 1.39, a quick ratio of 1.16 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $261.77 billion, a price-to-earnings ratio of 28.36 and a beta of 1.39. The firm has a fifty day simple moving average of $158.75 and a two-hundred day simple moving average of $148.55.

Siemens (OTCMKTS:SIEGYGet Free Report) last released its quarterly earnings data 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 11.35%. The company had revenue of $24.02 billion for the quarter, compared to analysts’ expectations of $23.57 billion. Siemens has set its FY 2026 guidance at 6.510-6.685 EPS. Analysts expect that Siemens will post 6.52 EPS for the current fiscal year.

Institutional Trading of Siemens

A hedge fund recently raised its stake in Siemens stock. Ferguson Wellman Capital Management Inc. grew its stake in shares of Siemens AG (OTCMKTS:SIEGYFree Report) by 0.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 210,670 shares of the technology company’s stock after buying 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 and hedge funds.

About Siemens

(Get Free Report)

Siemens AG is a German multinational conglomerate headquartered in Munich that develops and sells infrastructure and industrial technology. The company’s activities cover a broad range of engineering and technology solutions, including industrial automation and control systems, software for product lifecycle and factory automation, building and energy management systems, and transportation solutions such as rolling stock and rail signaling. Siemens serves industrial, commercial and public-sector customers with products and turnkey systems as well as lifecycle services and digital solutions.

Siemens operates through multiple business units that emphasize digitalization, electrification and automation across industries.

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Analyst Recommendations for Siemens (OTCMKTS:SIEGY)

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