Siemens Energy (OTCMKTS:SMNEY) Cut to “Hold” at Rothschild Redb

Rothschild Redb cut shares of Siemens Energy (OTCMKTS:SMNEY) from a strong-buy rating to a hold rating in a research report released on Wednesday morning,Zacks.com reports.

Several other equities research analysts also recently commented on the stock. Hsbc Global Res raised shares of Siemens Energy to a “strong-buy” rating in a research report on Friday, September 5th. Royal Bank Of Canada initiated coverage on shares of Siemens Energy in a research report on Thursday, October 9th. They set a “moderate buy” rating for the company. Zacks Research raised shares of Siemens Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 1st. Morgan Stanley reissued an “overweight” rating on shares of Siemens Energy in a research report on Friday, August 8th. Finally, Berenberg Bank raised shares of Siemens Energy to a “strong-buy” rating in a research report on Thursday, October 2nd. Three investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Siemens Energy Price Performance

Shares of OTCMKTS SMNEY opened at $118.98 on Wednesday. The firm’s 50-day moving average price is $113.88 and its 200-day moving average price is $100.18. Siemens Energy has a 1-year low of $38.51 and a 1-year high of $128.98. The firm has a market capitalization of $95.10 billion, a P/E ratio of 100.83, a P/E/G ratio of 0.62 and a beta of 1.96. The company has a current ratio of 0.90, a quick ratio of 0.62 and a debt-to-equity ratio of 0.21.

Siemens Energy (OTCMKTS:SMNEY) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.48. Siemens Energy had a net margin of 2.50% and a return on equity of 9.57%. The firm had revenue of $11.06 billion for the quarter, compared to analyst estimates of $10.64 billion. Equities research analysts anticipate that Siemens Energy will post 0.24 earnings per share for the current fiscal year.

About Siemens Energy

Siemens Energy AG operates as an energy technology company worldwide. It operates through Gas Services, Grid Technologies, Transformation of Industry, and Siemens Gamesa segments. The company provides gas and steam turbines, generators, and heat pumps, as well as performance enhancement, maintenance, customer training, and professional consulting services for central and distributed power generation; and high voltage direct current transmission systems, offshore windfarm grid connections, transformers, flexible alternating current transmission systems, high voltage substations, air and gas-insulated switchgears, digital grid solutions and components, and storage solutions.