Siemens Energy (OTCMKTS:SMNEY) Stock Rating Upgraded by Berenberg Bank

Siemens Energy (OTCMKTS:SMNEY) was upgraded by analysts at Berenberg Bank to a “strong-buy” rating in a research note issued on Thursday,Zacks.com reports.

Other equities research analysts have also issued reports about the company. Zacks Research upgraded Siemens Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 1st. Morgan Stanley reiterated an “overweight” rating on shares of Siemens Energy in a research report on Friday, August 8th. Citigroup reaffirmed a “neutral” rating on shares of Siemens Energy in a research note on Thursday. Finally, Hsbc Global Res raised Siemens Energy to a “strong-buy” rating in a report on Friday, September 5th. Three equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy”.

Siemens Energy Trading Down 2.2%

Shares of SMNEY stock opened at $124.68 on Thursday. The firm has a fifty day moving average of $111.90 and a 200-day moving average of $96.04. The stock has a market cap of $99.66 billion, a price-to-earnings ratio of 105.66, a P/E/G ratio of 0.65 and a beta of 1.96. Siemens Energy has a 52-week low of $36.18 and a 52-week high of $128.98. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.62 and a current ratio of 0.90.

Siemens Energy (OTCMKTS:SMNEY) last posted its earnings results on Wednesday, August 6th. The company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.48. Siemens Energy had a net margin of 2.50% and a return on equity of 9.57%. The business had revenue of $11.06 billion for the quarter, compared to analysts’ expectations of $10.64 billion. On average, equities research analysts forecast that Siemens Energy will post 0.24 earnings per share for the current fiscal year.

Siemens Energy Company Profile

Siemens Energy AG operates as an energy technology company worldwide. It operates through Gas Services, Grid Technologies, Transformation of Industry, and Siemens Gamesa segments. The company provides gas and steam turbines, generators, and heat pumps, as well as performance enhancement, maintenance, customer training, and professional consulting services for central and distributed power generation; and high voltage direct current transmission systems, offshore windfarm grid connections, transformers, flexible alternating current transmission systems, high voltage substations, air and gas-insulated switchgears, digital grid solutions and components, and storage solutions.