Siemens Aktiengesellschaft (OTCMKTS:SIEGY) Raised to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Siemens Aktiengesellschaft (OTCMKTS:SIEGY) from a hold rating to a buy rating in a research report released on Thursday morning, Zacks.com reports. The brokerage currently has $88.00 target price on the technology company’s stock.

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. “

A number of other research firms also recently issued reports on SIEGY. DZ Bank reissued a buy rating on shares of Siemens Aktiengesellschaft in a research note on Friday, May 14th. JPMorgan Chase & Co. reissued an overweight rating on shares of Siemens Aktiengesellschaft in a research note on Friday, June 25th. Kepler Capital Markets restated a buy rating on shares of Siemens Aktiengesellschaft in a report on Friday, May 7th. Berenberg Bank restated a buy rating on shares of Siemens Aktiengesellschaft in a report on Wednesday, June 9th. Finally, Deutsche Bank Aktiengesellschaft restated a buy rating on shares of Siemens Aktiengesellschaft in a report on Monday, May 10th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of $88.00.

Shares of OTCMKTS:SIEGY opened at $78.84 on Thursday. The company has a market capitalization of $134.03 billion, a P/E ratio of 23.13, a price-to-earnings-growth ratio of 1.01 and a beta of 1.06. The company’s 50-day moving average price is $82.43. The company has a current ratio of 1.84, a quick ratio of 1.61 and a debt-to-equity ratio of 0.98. Siemens Aktiengesellschaft has a 12 month low of $60.42 and a 12 month high of $88.17.

Siemens Aktiengesellschaft (OTCMKTS:SIEGY) last issued its quarterly earnings data on Friday, May 7th. The technology company reported $1.03 EPS for the quarter, missing the consensus estimate of $1.28 by ($0.25). Siemens Aktiengesellschaft had a net margin of 10.45% and a return on equity of 11.12%. The firm had revenue of $17.68 billion for the quarter, compared to the consensus estimate of $17.17 billion. As a group, equities research analysts expect that Siemens Aktiengesellschaft will post 4.3 earnings per share for the current fiscal year.

Siemens Aktiengesellschaft Company Profile

Siemens Aktiengesellschaft, a technology company, focuses in the areas of automation and digitalization in Europe, Commonwealth of Independent States, Africa, the Middle East, the Americas, Asia, and Australia. Its Digital Industries segment offers automation systems and software for factories, numerical control systems, motors, drives and inverters, and integrated automation systems for machine tools and production machines; process control systems, machine-to-machine communication products, sensors and radio frequency identification systems; production and product lifecycle management software; mechatronic systems simulation and testing software; and cloud-based industrial Internet of Things operating system.

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