Deutsche Bank Aktiengesellschaft Cuts Siemens Aktiengesellschaft (OTCMKTS:SIEGY) Price Target to €175.00

Siemens Aktiengesellschaft (OTCMKTS:SIEGY – Get Rating) had its price target cut by Deutsche Bank Aktiengesellschaft from €185.00 ($198.92) to €175.00 ($188.17) in a research note issued to investors on Friday, The Fly reports.

SIEGY has been the subject of several other research reports. Zacks Investment Research upgraded shares of Siemens Aktiengesellschaft from a sell rating to a hold rating in a report on Tuesday. Sanford C. Bernstein upgraded Siemens Aktiengesellschaft from an underperform rating to a market perform rating and set a $123.00 price target on the stock in a research note on Wednesday, March 9th. Citigroup dropped their price objective on Siemens Aktiengesellschaft from €215.00 ($231.18) to €207.00 ($222.58) in a report on Friday, March 18th. Barclays decreased their target price on Siemens Aktiengesellschaft from €141.00 ($151.61) to €129.00 ($138.71) in a research note on Tuesday, April 5th. Finally, Morgan Stanley reduced their price objective on shares of Siemens Aktiengesellschaft from €22.60 ($24.30) to €22.00 ($23.66) in a research report on Wednesday, April 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of Buy and a consensus price target of $135.50.

OTCMKTS SIEGY opened at $61.07 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.39 and a quick ratio of 1.15. The company has a market cap of $102.49 billion, a P/E ratio of 15.34, a P/E/G ratio of 1.27 and a beta of 1.06. The stock has a 50-day moving average of $67.77 and a two-hundred day moving average of $77.71. Siemens Aktiengesellschaft has a 1-year low of $59.35 and a 1-year high of $89.66.

Siemens Aktiengesellschaft (OTCMKTS:SIEGY – Get Rating) last issued its quarterly earnings results on Thursday, February 10th. The technology company reported $1.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.06. The company had revenue of $18.87 billion during the quarter. Siemens Aktiengesellschaft had a net margin of 9.95% and a return on equity of 11.17%. On average, analysts anticipate that Siemens Aktiengesellschaft will post 4.56 EPS for the current fiscal year.

The company also recently declared a dividend, which was paid on Wednesday, February 23rd. Investors of record on Monday, February 14th were issued a dividend of $1.6665 per share. The ex-dividend date was Friday, February 11th. This represents a yield of 2.16%. Siemens Aktiengesellschaft’s dividend payout ratio is currently 35.68%.

About Siemens Aktiengesellschaft (Get Rating)

Siemens Aktiengesellschaft, a technology company, focuses in the areas of automation and digitalization in Europe, Commonwealth of Independent States, Africa, the Middle East, the Americas, Asia, and Australia. It operates through Digital Industries, Smart Infrastructure, Mobility, Siemens Healthineers, and Siemens Financial Services segments.

Recommended Stories