Zacks reissued their neutral rating on shares of Siemens (NYSE: SI) in a research report released on Monday morning. Zacks currently has a $110.00 price target on the stock.
Zacks’ analyst wrote, “Siemens reported relatively modest first quarter fiscal 2013 results with earnings exceeding the Zacks Consensus Estimate by $0.01. We are optimistic about Siemens’ long-term prospects and its focus on emerging markets. Siemens is a global leader in most of its key businesses, including industrial automation, power generation, medical equipment and transportation. However, its exposure to the European market remains a cause of concern owing to the continued sovereign debt crisis. Furthermore, any unfavorable fluctuation in exchange rate will take a toll on Siemens’ revenue, given its substantial exposure to international markets. Hence, we maintain our Neutral recommendation on the stock. “
Siemens opened at 105.80 on Monday. Siemens has a 1-year low of $77.88 and a 1-year high of $112.73. The stock’s 50-day moving average is currently $108.3. The company has a market cap of $89.163 billion and a price-to-earnings ratio of 16.72.
Separately, analysts at RBC Capital downgraded shares of Siemens to a sector perform rating in a research note to investors on Thursday, December 6th.
Ten research analysts have rated the stock with a buy rating, one has issued an overweight rating, twenty have issued a hold rating, one has issued an underweight rating, and four have issued a sell rating to the company’s stock. Siemens currently has a consensus rating of hold and a consensus target price of $114.78.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.
