Siemens Energy (OTCMKTS:SMNEY) Sets New 52-Week High - Still a Buy?

Siemens Energy AG (OTCMKTS:SMNEY - Get Free Report) shares reached a new 52-week high during trading on Monday . The company traded as high as $100.87 and last traded at $100.87, with a volume of 203373 shares traded. The stock had previously closed at $97.45.

Analysts Set New Price Targets

A number of research firms have commented on SMNEY. Morgan Stanley reaffirmed an "overweight" rating on shares of Siemens Energy in a report on Tuesday, May 27th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Siemens Energy in a report on Thursday, March 27th. Two analysts have rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy".

Siemens Energy Stock Performance

The stock's 50-day moving average is $77.72 and its 200 day moving average is $64.01. The firm has a market cap of $80.87 billion and a P/E ratio of 459.86.

Siemens Energy (OTCMKTS:SMNEY - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.52 earnings per share (EPS) for the quarter. The firm had revenue of $10.48 billion for the quarter. On average, research analysts anticipate that Siemens Energy AG will post 0.24 EPS 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.