Siemens AG (SIEGY) Rating Lowered to Sell at Zacks Investment Research

Siemens AG (NASDAQ:SIEGY) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “sell” rating in a research note issued to investors on Thursday.

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 upgraded Siemens AG from a “hold” rating to a “buy” rating in a research note on Saturday, June 3rd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. Siemens AG currently has an average rating of “Hold”.

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Siemens AG (NASDAQ SIEGY) opened at 69.17 on Thursday. The firm has a market cap of $112.08 billion and a P/E ratio of 17.07. The firm has a 50-day moving average of $70.99 and a 200-day moving average of $66.79. Siemens AG has a 12-month low of $51.31 and a 12-month high of $73.42.

Siemens AG (NASDAQ:SIEGY) last issued its earnings results on Thursday, May 4th. The technology company reported $0.91 EPS for the quarter, missing analysts’ consensus estimates of $0.98 by $0.07. The firm had revenue of $21.54 billion during the quarter, compared to analyst estimates of $21.74 billion. Siemens AG had a net margin of 7.21% and a return on equity of 14.92%. On average, analysts expect that Siemens AG will post $4.25 EPS for the current 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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