Siemens Energy (OTCMKTS:SMNEY) Downgraded by Rothschild Redb to Hold

Key Points

• Siemens Energy has been downgraded from a "strong-buy" to a "hold" rating by Rothschild Redb, reflecting a shift in analyst sentiment towards the company.
• Other analysts have provided mixed ratings, with three giving a "strong buy," three a "buy," two a "hold," and one a "sell," resulting in an average rating of "Moderate Buy."
• Despite the downgrade, Siemens Energy's recent quarterly earnings surpassed expectations, with reported earnings per share of $0.79 compared to a consensus estimate of $0.31.

Siemens Energy (OTCMKTS:SMNEY - Get Free Report) was downgraded by research analysts at Rothschild Redb from a "strong-buy" rating to a "hold" rating in a report issued on Wednesday,Zacks.com reports.

Other research analysts have also recently issued reports about the company. Citigroup reaffirmed a "neutral" rating on shares of Siemens Energy in a research report on Thursday, October 2nd. Zacks Research raised Siemens Energy from a "hold" rating to a "strong-buy" rating in a research report on Monday, September 1st. Morgan Stanley reaffirmed an "overweight" rating on shares of Siemens Energy in a research report on Friday, August 8th. Royal Bank Of Canada began coverage on Siemens Energy in a research report on Thursday, October 9th. They issued a "moderate buy" rating for the company. Finally, Berenberg Bank raised Siemens Energy to a "strong-buy" rating in a research report on Thursday, October 2nd. Three research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy".

Siemens Energy Stock Down 0.9%

SMNEY opened at $121.89 on Wednesday. Siemens Energy has a 1-year low of $38.51 and a 1-year high of $128.98. The company has a current ratio of 0.90, a quick ratio of 0.62 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $97.43 billion, a price-to-earnings ratio of 103.30, a P/E/G ratio of 0.62 and a beta of 1.96. The business has a 50 day moving average of $113.75 and a 200-day moving average of $99.77.

Siemens Energy (OTCMKTS:SMNEY - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.48. The company had revenue of $11.06 billion during the quarter, compared to analysts' expectations of $10.64 billion. Siemens Energy had a return on equity of 9.57% and a net margin of 2.50%. As a group, sell-side 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.

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