Siemens (OTCMKTS:SIEGY) Rating Lowered to Sell at Zacks Investment Research
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. “
A number of other brokerages also recently issued reports on SIEGY. Credit Suisse Group lowered their price objective on Athene from $67.00 to $57.00 and set an outperform rating on the stock in a research report on Tuesday, May 21st. ValuEngine upgraded Zynerba Pharmaceuticals from a sell rating to a hold rating in a research report on Monday, April 1st. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $65.00.
Siemens (OTCMKTS:SIEGY) last posted its quarterly earnings results on Wednesday, May 8th. The technology company reported $1.26 EPS for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.27. Siemens had a return on equity of 9.18% and a net margin of 5.32%. The firm had revenue of $23.78 billion during the quarter. On average, research analysts forecast that Siemens will post 4.03 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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