Siemens Energy (OTCMKTS:SMNEY) Downgraded by Rothschild Redb to Hold

Siemens Energy (OTCMKTS:SMNEY) was downgraded by equities research analysts at Rothschild Redb from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Other research analysts have also recently issued reports about the company. Berenberg Bank raised Siemens Energy to a “strong-buy” rating in a report on Thursday, October 2nd. Royal Bank Of Canada began coverage on Siemens Energy in a report on Thursday, October 9th. They issued a “moderate buy” rating for the company. Morgan Stanley reiterated an “overweight” rating on shares of Siemens Energy in a research report on Friday, August 8th. Citigroup reiterated a “neutral” rating on shares of Siemens Energy in a research report on Thursday, October 2nd. Finally, Zacks Research upgraded Siemens Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 1st. Three analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Siemens Energy Stock Performance

Siemens Energy stock opened at $121.89 on Wednesday. The stock has a 50-day simple moving average of $113.75 and a 200 day simple moving average of $99.77. The company has a quick ratio of 0.62, a current ratio of 0.90 and a debt-to-equity ratio of 0.21. Siemens Energy has a 12-month low of $38.51 and a 12-month high of $128.98. The stock has a market capitalization of $97.43 billion, a price-to-earnings ratio of 103.30, a P/E/G ratio of 0.62 and a beta of 1.96.

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

About Siemens Energy

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.