Siemens (OTCMKTS:SIEGY) Hits New 1-Year High – Here’s Why

Shares of Siemens AG (OTCMKTS:SIEGY) hit a new 52-week high on Thursday . The stock traded as high as $163.03 and last traded at $162.83, with a volume of 36364 shares changing hands. The stock had previously closed at $154.63.

Analysts Set New Price Targets

A number of brokerages have commented on SIEGY. HSBC raised shares of Siemens from a “hold” rating to a “buy” rating in a research note on Tuesday, April 28th. Evercore restated an “outperform” rating on shares of Siemens in a report on Friday, May 15th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Siemens in a report on Tuesday, June 30th. Barclays reissued an “underweight” rating on shares of Siemens in a research note on Monday, July 6th. Finally, Kepler Capital Markets upgraded Siemens from a “strong sell” rating to a “hold” rating in a report on Friday, July 3rd. Five equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Siemens currently has a consensus rating of “Hold”.

Siemens Price Performance

The company has a quick ratio of 1.16, a current ratio of 1.39 and a debt-to-equity ratio of 0.59. The firm has a market cap of $254.04 billion, a price-to-earnings ratio of 28.64 and a beta of 1.38. The company’s 50-day moving average price is $155.69 and its 200-day moving average price is $146.53.

Siemens (OTCMKTS:SIEGY) last posted its quarterly earnings results on Wednesday, May 13th. The technology company reported $1.43 EPS for the quarter, missing the consensus estimate of $1.56 by ($0.13). Siemens had a return on equity of 11.14% and a net margin of 9.68%.The business had revenue of $23.13 billion during the quarter, compared to analyst estimates of $23.48 billion. Siemens has set its FY 2026 guidance at 6.228-6.461 EPS. On average, equities research analysts forecast that Siemens AG will post 6.39 EPS for the current year.

Siemens Company Profile

Siemens AG is a German multinational conglomerate headquartered in Munich that develops and sells infrastructure and industrial technology. The company’s activities cover a broad range of engineering and technology solutions, including industrial automation and control systems, software for product lifecycle and factory automation, building and energy management systems, and transportation solutions such as rolling stock and rail signaling. Siemens serves industrial, commercial and public-sector customers with products and turnkey systems as well as lifecycle services and digital solutions.

Siemens operates through multiple business units that emphasize digitalization, electrification and automation across industries.