Siemens (OTCMKTS:SIEGY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Wednesday. The firm presently has a $74.00 price target on the technology company’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 14.18% from the stock’s current price.
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 equities research analysts also recently weighed in on the company. Morgan Stanley raised Siemens from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 11th. Barclays downgraded Siemens from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, December 5th. Finally, ValuEngine downgraded Siemens from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th.
Siemens (OTCMKTS:SIEGY) last released its earnings results on Wednesday, January 31st. The technology company reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.08. Siemens had a return on equity of 15.45% and a net margin of 7.59%. The business had revenue of $23.35 billion for the quarter, compared to the consensus estimate of $24.69 billion. analysts anticipate that Siemens will post 4.72 EPS for the current year.
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Siemens Company Profile
Siemens AG is a Germany-based technology company with activities in the fields of electrification, automation and digitalization. It is also a supplier of systems for power generation and transmission, as well as medical diagnosis. It operates through nine segments: Power and Gas; Wind Power and Renewables; Energy Management; Building Technologies; Mobility; Digital Factory; Process Industries and Drives; Healthineers, and Financial Services.
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