Siemens Energy (OTCMKTS:SMNEY) Stock Rating Upgraded by Zacks Research

Key Points

• Siemens Energy has been upgraded from a "hold" rating to a "strong-buy" rating by Zacks Research, indicating increased investor confidence.
• Morgan Stanley reaffirmed an "overweight" rating on the stock, with a current average rating of "Moderate Buy" from analysts.
• Siemens Energy reported earnings of $0.79 per share, significantly surpassing estimates, with revenue of $11.06 billion for the quarter.

Siemens Energy (OTCMKTS:SMNEY - Get Free Report) was upgraded by investment analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a research note issued on Monday,Zacks.com reports.

Separately, Morgan Stanley reissued an "overweight" rating on shares of Siemens Energy in a report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy".

Siemens Energy Stock Down 0.9%

Shares of SMNEY stock traded down $0.92 during trading hours on Monday, reaching $103.12. 82,516 shares of the stock were exchanged, compared to its average volume of 109,569. The business's fifty day moving average is $110.15 and its two-hundred day moving average is $88.79. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.90 and a quick ratio of 0.62. Siemens Energy has a 12-month low of $26.26 and a 12-month high of $121.65. The firm has a market capitalization of $82.42 billion, a P/E ratio of 87.39, a P/E/G ratio of 1.43 and a beta of 2.04.

Siemens Energy (OTCMKTS:SMNEY - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $0.79 earnings per share for the quarter, topping analysts' consensus estimates of $0.31 by $0.48. The firm had revenue of $11.06 billion for the quarter, compared to analyst estimates of $10.64 billion. Siemens Energy had a net margin of 2.50% and a return on equity of 9.57%. As a group, research analysts expect that Siemens Energy will post 0.24 EPS for the current fiscal 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.