Siemens Energy (OTCMKTS:SMNEY) Reaches New 12-Month High – Should You Buy?

Siemens Energy AG (OTCMKTS:SMNEY) hit a new 52-week high on Tuesday . The company traded as high as $74.44 and last traded at $70.96, with a volume of 233324 shares. The stock had previously closed at $72.86.

Analysts Set New Price Targets

SMNEY has been the subject of several recent research reports. UBS Group downgraded Siemens Energy from a “hold” rating to a “strong sell” rating in a research note on Monday, January 20th. Morgan Stanley reiterated an “overweight” rating on shares of Siemens Energy in a research note on Thursday, March 27th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Siemens Energy in a report on Thursday, March 27th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Siemens Energy currently has a consensus rating of “Moderate Buy”.

Siemens Energy Price Performance

The company has a market cap of $56.72 billion and a P/E ratio of -337.90. The stock has a 50-day moving average of $61.98 and a 200 day moving average of $54.19.

Siemens Energy (OTCMKTS:SMNEY) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.24 earnings per share (EPS) for the quarter. Sell-side analysts predict that Siemens Energy AG will post 0.24 EPS for the current 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.