Siemens (OTCMKTS:SIEGY) Cut to Hold at Evercore

Evercore cut shares of Siemens (OTCMKTS:SIEGY) from an outperform rating to a hold rating in a report released on Friday morning, MarketBeat Ratings reports.

A number of other analysts also recently commented on SIEGY. Kepler Capital Markets upgraded Siemens from a “strong sell” rating to a “hold” rating in a research note on Friday, July 3rd. Barclays reissued an “underweight” rating on shares of Siemens in a report on Monday, July 6th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Siemens in a research report on Monday, August 3rd. Finally, Erste Group Bank raised shares of Siemens from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 27th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold”.

Siemens Stock Performance

Shares of Siemens stock opened at $155.27 on Friday. The stock has a market cap of $242.84 billion, a PE ratio of 26.31, a price-to-earnings-growth ratio of 10.41 and a beta of 1.41. The firm has a fifty day moving average price of $159.13 and a 200 day moving average price of $151.29. Siemens has a 1 year low of $115.56 and a 1 year high of $169.47. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.44 and a quick ratio of 1.18.

Siemens (OTCMKTS:SIEGY) last posted its quarterly earnings results on Thursday, August 6th. The technology company reported $1.69 EPS for the quarter, beating the consensus estimate of $1.50 by $0.19. The company had revenue of $24.02 billion for the quarter, compared to analyst estimates of $23.57 billion. Siemens had a net margin of 9.79% and a return on equity of 11.13%. Siemens has set its FY 2026 guidance at 6.510-6.685 EPS. Equities research analysts predict that Siemens will post 6.4 earnings per share for the current year.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Siemens stock. Ferguson Wellman Capital Management Inc. increased its holdings in shares of Siemens AG (OTCMKTS:SIEGY) by 0.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 210,670 shares of the technology company’s stock after buying an additional 655 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in Siemens were worth $33,899,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 0.75% of the company’s stock.

Siemens Company Profile

Siemens AG is a German technology company that provides products, software and services for industry, infrastructure, mobility and healthcare. Its offerings include industrial automation and control systems, manufacturing software, building-management and electrification technologies, energy distribution equipment, rail vehicles and transportation infrastructure, and digital solutions designed to improve operational efficiency and sustainability.

The company operates through businesses including Digital Industries, Smart Infrastructure and Mobility.