Siemens AG (NASDAQ:SIEGY) Given Average Recommendation of “Hold” by Analysts

Siemens AG (NASDAQ:SIEGY) has earned an average rating of “Hold” from the seven brokerages that are currently covering the firm, reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have issued a buy recommendation on the company.

SIEGY has been the subject of a number of recent research reports. Zacks Investment Research lowered Siemens AG from a “hold” rating to a “sell” rating in a research note on Wednesday, May 3rd. ValuEngine upgraded Siemens AG from a “hold” rating to a “buy” rating in a research note on Saturday, June 3rd.

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Siemens AG (NASDAQ:SIEGY) traded down 0.593% during mid-day trading on Friday, reaching $65.062. The company’s stock had a trading volume of 137,188 shares. The stock has a 50-day moving average price of $68.88 and a 200-day moving average price of $68.08. The company has a market capitalization of $105.42 billion and a price-to-earnings ratio of 15.554. Siemens AG has a one year low of $55.73 and a one year high of $73.42.

Siemens AG (NASDAQ:SIEGY) last issued its earnings results on Thursday, August 3rd. The technology company reported $0.94 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.11. The company had revenue of $23.53 billion during the quarter, compared to analyst estimates of $25.30 billion. Siemens AG had a return on equity of 14.92% and a net margin of 7.21%. Equities research analysts forecast that Siemens AG will post $4.25 EPS for the current year.

About Siemens AG

Siemens AG is a Germany-based technology company with activities in the fields of electrification, automation and digitalization. It is also a supplier of systems for power generation and transmission, as well as medical diagnosis. It operates through nine segments: Power and Gas; Wind Power and Renewables; Energy Management; Building Technologies; Mobility; Digital Factory; Process Industries and Drives; Healthineers, and Financial Services.

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