Zacks Investment Research Upgrades Siemens AG (SIEGY) to “Strong-Buy”

Siemens AG (NASDAQ:SIEGY) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research report issued on Wednesday. The brokerage currently has a $79.00 price objective on the technology company’s stock. Zacks Investment Research‘s target price points to a potential upside of 13.00% from the stock’s current price.

According to Zacks, “SIEMENS AG-ADR is the world’s largest supplier of products, systems, solutions and services for industrial automation and building technology. This business area includes Automation and Drives Industrial Solutions and Services Siemens Dematic Siemens Building Technologies AG. “

Separately, ValuEngine lowered shares of Siemens AG from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. One analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $79.00.

Siemens AG (NASDAQ:SIEGY) opened at 69.91 on Wednesday. Siemens AG has a 1-year low of $55.72 and a 1-year high of $73.42. The firm has a market capitalization of $113.65 billion and a price-to-earnings ratio of 16.64. The stock’s 50 day moving average is $66.54 and its 200 day moving average is $68.54.

Siemens AG (NASDAQ:SIEGY) last released its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.11. Siemens AG had a net margin of 6.91% and a return on equity of 14.34%. The company had revenue of $23.53 billion for the quarter, compared to analyst estimates of $25.30 billion. Analysts predict that Siemens AG will post $4.25 EPS for the current fiscal year.

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Siemens AG Company Profile

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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