Siemens (OTCMKTS:SIEGY) Sets New 12-Month High - Here's Why

Key Points

• Siemens AG reached a new 52-week high, trading at $140.19, with a last price of $139.81, indicating strong market performance.
• Despite its recent stock price surge, several research analysts have issued mixed ratings, with the consensus being a "Hold" rating.
• Siemens reported better-than-expected earnings, with $1.44 earnings per share for the quarter, surpassing the consensus estimate of $1.28.

Siemens AG (OTCMKTS:SIEGY - Get Free Report)'s share price hit a new 52-week high on Friday . The stock traded as high as $140.19 and last traded at $139.81, with a volume of 7529 shares. The stock had previously closed at $138.35.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Morgan Stanley reaffirmed an "overweight" rating on shares of Siemens in a report on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Siemens in a report on Tuesday, August 12th. Barclays reissued an "underweight" rating on shares of Siemens in a report on Thursday, July 10th. Zacks Research downgraded shares of Siemens from a "strong-buy" rating to a "hold" rating in a report on Friday, August 22nd. Finally, Wall Street Zen downgraded shares of Siemens from a "buy" rating to a "hold" rating in a report on Wednesday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold".

Siemens Price Performance

The firm's 50-day moving average price is $131.47 and its 200-day moving average price is $122.79. The company has a current ratio of 1.50, a quick ratio of 1.24 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $222.21 billion, a PE ratio of 25.81, a PEG ratio of 2.59 and a beta of 1.17.

Siemens (OTCMKTS:SIEGY - Get Free Report) last announced its earnings results on Thursday, August 7th. The technology company reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.16. The firm had revenue of $22.52 billion for the quarter, compared to analysts' expectations of $19.17 billion. Siemens had a net margin of 12.59% and a return on equity of 12.61%. On average, equities analysts forecast that Siemens AG will post 6.59 EPS 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.