Siemens AG (SIEGY) Receives Consensus Rating of “Buy” from Analysts
Shares of Siemens AG (NASDAQ:SIEGY) have been given an average recommendation of “Buy” by the seven analysts that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $79.00.
SIEGY has been the topic of a number of analyst reports. ValuEngine upgraded shares of Siemens AG from a “hold” rating to a “buy” rating in a research report on Saturday, June 3rd. Zacks Investment Research upgraded shares of Siemens AG from a “strong sell” rating to a “hold” rating in a research report on Saturday, August 5th.
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Shares of Siemens AG (NASDAQ:SIEGY) traded down 0.61% on Friday, reaching $69.77. 109,632 shares of the company’s stock were exchanged. Siemens AG has a 12 month low of $55.72 and a 12 month high of $73.42. The firm’s 50-day moving average price is $66.71 and its 200 day moving average price is $68.68. The company has a market cap of $113.42 billion and a price-to-earnings ratio of 16.19.
Siemens AG (NASDAQ:SIEGY) last announced its earnings results on Thursday, August 3rd. The technology company reported $0.94 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.11. Siemens AG had a net margin of 6.91% and a return on equity of 14.34%. The firm had revenue of $23.53 billion for the quarter, compared to analyst estimates of $25.30 billion. Equities research analysts predict that Siemens AG will post $4.25 EPS for the current fiscal year.
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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