Siemens (OTCMKTS:SIEGY) Hits New 1-Year High - Time to Buy?

Key Points

• Siemens AG shares reached a new 52-week high of $141.99, closing at $141.17, with a trading volume of 15,047 shares.
• Analysts currently have a general consensus of Hold for Siemens, with one Buy, seven Hold, and one Sell rating among different research firms.
• In its recent earnings report, Siemens exceeded expectations by posting $1.44 earnings per share, surpassing the consensus estimate of $1.28, along with a revenue of $22.52 billion against expectations of $19.17 billion.

Siemens AG (OTCMKTS:SIEGY - Get Free Report) shares hit a new 52-week high on Thursday . The company traded as high as $141.99 and last traded at $141.17, with a volume of 15047 shares traded. The stock had previously closed at $137.58.

Analysts Set New Price Targets

Several research firms have weighed in on SIEGY. Sanford C. Bernstein downgraded Siemens from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 2nd. Morgan Stanley reiterated an "overweight" rating on shares of Siemens in a research report on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Siemens in a report on Tuesday, August 12th. Santander downgraded shares of Siemens to a "neutral" rating in a report on Wednesday, September 3rd. Finally, Barclays reaffirmed an "underweight" rating on shares of Siemens in a research note on Thursday, July 10th. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Siemens currently has an average rating of "Hold".

Siemens Stock Performance

The company has a debt-to-equity ratio of 0.70, a current ratio of 1.50 and a quick ratio of 1.24. The stock has a market cap of $225.94 billion, a PE ratio of 20.92, a P/E/G ratio of 2.95 and a beta of 1.17. The stock has a 50-day simple moving average of $133.99 and a 200-day simple moving average of $125.13.

Siemens (OTCMKTS:SIEGY - Get Free Report) last issued its earnings results on Thursday, August 7th. The technology company reported $1.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.28 by $0.16. Siemens had a return on equity of 12.61% and a net margin of 12.59%.The business had revenue of $22.52 billion during the quarter, compared to analysts' expectations of $19.17 billion. Equities analysts predict that Siemens AG will post 6.59 earnings per share for the current fiscal year.

Siemens Company Profile

Siemens Aktiengesellschaft, a technology company, focuses in the areas of automation and digitalization in Europe, Commonwealth of Independent States, Africa, the Middle East, the Americas, Asia, and Australia. It operates through Digital Industries, Smart Infrastructure, Mobility, Siemens Healthineers, and Siemens Financial Services (SFS) segments.

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