Berenberg Bank Upgrades Siemens Energy (OTCMKTS:SMNEY) to “Strong-Buy”

Berenberg Bank upgraded shares of Siemens Energy (OTCMKTS:SMNEY) to a strong-buy rating in a research note released on Thursday morning,Zacks.com reports.

SMNEY has been the subject of a number of other reports. Morgan Stanley reiterated an “overweight” rating on shares of Siemens Energy in a research note on Friday, August 8th. Zacks Research upgraded Siemens Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 1st. Hsbc Global Res upgraded Siemens Energy to a “strong-buy” rating in a research note on Friday, September 5th. Finally, Citigroup reiterated a “neutral” rating on shares of Siemens Energy in a research note on Thursday. Three analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Siemens Energy has an average rating of “Buy”.

Siemens Energy Price Performance

OTCMKTS SMNEY opened at $124.68 on Thursday. Siemens Energy has a 52 week low of $36.18 and a 52 week high of $128.98. The firm has a market capitalization of $99.66 billion, a P/E ratio of 105.66, a PEG ratio of 0.65 and a beta of 1.96. The company has a quick ratio of 0.62, a current ratio of 0.90 and a debt-to-equity ratio of 0.21. The company has a 50-day moving average price of $111.90 and a 200-day moving average price of $96.04.

Siemens Energy (OTCMKTS:SMNEY) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.31 by $0.48. The firm had revenue of $11.06 billion during the quarter, compared to analyst estimates of $10.64 billion. Siemens Energy had a net margin of 2.50% and a return on equity of 9.57%. Equities research analysts anticipate that Siemens Energy will post 0.24 earnings per share for the current year.

Siemens Energy Company Profile

Siemens Energy AG operates as an energy technology company worldwide. It operates through Gas Services, Grid Technologies, Transformation of Industry, and Siemens Gamesa segments. The company provides gas and steam turbines, generators, and heat pumps, as well as performance enhancement, maintenance, customer training, and professional consulting services for central and distributed power generation; and high voltage direct current transmission systems, offshore windfarm grid connections, transformers, flexible alternating current transmission systems, high voltage substations, air and gas-insulated switchgears, digital grid solutions and components, and storage solutions.