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Siemens Energy (OTCMKTS:SMNEY) Hits New 1-Year High - Still a Buy?

Siemens Energy logo with Energy background

Siemens Energy AG (OTCMKTS:SMNEY - Get Free Report)'s stock price reached a new 52-week high on Monday . The company traded as high as $78.67 and last traded at $78.45, with a volume of 179009 shares. The stock had previously closed at $77.64.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. UBS Group downgraded shares of Siemens Energy from a "hold" rating to a "strong sell" rating in a report on Monday, January 20th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Siemens Energy in a report on Thursday, March 27th. Finally, Morgan Stanley restated an "overweight" rating on shares of Siemens Energy in a report on Wednesday, April 23rd. Two analysts have rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Siemens Energy has a consensus rating of "Moderate Buy".

Read Our Latest Analysis on SMNEY

Siemens Energy Stock Up 3.4 %

The firm has a market cap of $65.84 billion and a PE ratio of -392.21. The business has a 50-day moving average price of $64.76 and a two-hundred day moving average price of $56.52.

Siemens Energy (OTCMKTS:SMNEY - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.24 earnings per share (EPS) for the quarter. On average, equities research analysts predict that Siemens Energy AG will post 0.24 earnings per share for the current fiscal year.

Siemens Energy Company Profile

(Get Free Report)

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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