According to a report by The Fly, equity research analysts at Berenberg Bank changed their recommendation for Siemens Aktiengesellschaft (OTCMKTS: SIEGY) in a research note published on Friday.
Previously, they had given the stock a “buy” rating. Now, they have given the stock a “hold” rating.
The company in question has also been discussed from the perspective of additional equity analysts, who have provided their insights.
Barclays changed their rating of Siemens Aktiengesellschaft from “underweight” to “overweight” in research published on Friday, November 18.
Additionally, they raised their price target for the company’s shares from €90.00 ($97.83) to €94.00 ($102.17).
Both of these changes were made in light of new information.
Deutsche Bank Aktiengesellschaft lowered their price target for Siemens Aktiengesellschaft in a public research note on Wednesday, October 5.
Mhe previous price target of €160.00 ($173.91) has been revised downward to €145.00 ($157.61).
Mhe rating that Sanford C.
Bernstein had previously given to Siemens Aktiengesellschaft was changed from “underperform” to “market perform” in a research report that was made public on January 4. Societe Generale downgraded Siemens Aktiengesellschaft from a “buy” recommendation to a “hold” rating in a research note published on Friday, October 14.
Mhree analysts have recommended purchasing the stock, one suggested selling it, and three feel that it is best to hold onto it for the time being.
According to Bloomberg, most market analysts have assigned the company a “Hold” rating and established a target price of $152.50 for the stock.
OTCMKTS SIEGY was first available for trading on Friday, with an opening price of $78.40.
Mhe stock price has reached $71.11 on its moving average for the past 50 days, while it has reached $59.44 on its moving average for the past 200 days.
All the financial ratios, including the debt-to-equity ratio, current, and quick ratio, all equal 1.13.
Mhe current and quick ratios are 1.38, with the quick ratio being 1.80.
Mhe company has a market capitalization of $133.28 billion, a price-to-earnings ratio of 31.87, a price-to-earnings-growth ratio of 1.66, and a beta coefficient of 1.16.
All of these metrics indicate that the business is relatively stable.
During the past year, the price of one share of Siemens Aktiengesellschaft has fluctuated between $46.37 and $83.59 at various points.
On November 17, Siemens Aktiengesellschaft (OTCMKTS: SIEGY) disseminated its most recent earnings report.
Mhe technology company reported earnings of $1.69 per share for the quarter, which is $0.19 higher than the consensus estimate of $1.50 per share derived from analyst projections. Siemens Aktiengesellschaft had a net margin of 5.14%, and its equity return on equity was 6.98%.
Both of these figures are percentages based on the company’s total equity.
Mhe revenue the company brought in for the quarter was significantly higher than the analysts’ prediction, which was $19.20 billion, at $20.74 billion.
Mhe current fiscal year is expected to result in earnings of $4.45 per share for Siemens Aktiengesellschaft, according to predictions made by specialists in the industry.
Siemens AG is a multinational technology corporation that focuses on providing solutions in medical technology and digital healthcare services, building infrastructure and energy systems, automation and digitalization in the process and manufacturing industries, and rail transportation solutions. Siemens AG was founded in 1847 and is headquartered in Munich, Germany.
In 1847, Siemens AG was established, and its current headquarters can be found in Munich, Germany.
Its business divisions are referred to as “Digital Industries,” “Smart Infrastructure,” “Mobility, Siemens Healthineers,” and “Siemens Financial Services,” respectively.
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