Siemens (OTCMKTS:SIEGY) Upgraded by Erste Group Bank to Strong-Buy Rating

Key Points

• Erste Group Bank upgraded Siemens from “hold” to “strong buy,” while other analysts remain mixed; MarketBeat’s consensus rating is “moderate buy.”
• Siemens shares opened at $167.37, near their 52-week high of $169.47, with a market capitalization of approximately $261.77 billion.
• The company exceeded quarterly expectations, reporting $1.69 in earnings per share versus the $1.50 consensus and revenue of $24.02 billion versus $23.57 billion expected.

Siemens (OTCMKTS:SIEGY - Get Free Report) was upgraded by investment analysts at Erste Group Bank from a "hold" rating to a "strong-buy" rating in a research note issued on Thursday,Zacks.com reports.

A number of other equities research analysts have also recently issued reports on SIEGY. Evercore reaffirmed an "outperform" rating on shares of Siemens in a research report on Friday, May 15th. Kepler Capital Markets upgraded shares of Siemens from a "strong sell" rating to a "hold" rating in a research note on Friday, July 3rd. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Siemens in a research note on Monday, August 3rd. Finally, Barclays reissued an "underweight" rating on shares of Siemens in a research report on Monday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy".

Siemens Trading Up 0.1%

Shares of OTCMKTS:SIEGY opened at $167.37 on Thursday. Siemens has a 1 year low of $115.56 and a 1 year high of $169.47. The firm has a fifty day moving average price of $158.75 and a 200 day moving average price of $148.55. 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 PE ratio of 28.36 and a beta of 1.39.

Siemens (OTCMKTS:SIEGY - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The technology company reported $1.69 earnings per share for the quarter, topping analysts' consensus estimates of $1.50 by $0.19. The company had revenue of $24.02 billion during the quarter, compared to analysts' expectations of $23.57 billion. Siemens had a return on equity of 11.35% and a net margin of 9.79%.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 Inflows and Outflows

A hedge fund recently raised its stake in Siemens stock. Ferguson Wellman Capital Management Inc. grew its stake in shares of Siemens AG (OTCMKTS:SIEGY - Free Report) by 0.3% in the second quarter, according to its most recent disclosure with the SEC. The fund 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 as of its most recent filing with the SEC. Institutional investors and hedge funds own 0.75% of the company's stock.

About Siemens

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source