Siemens Energy (OTCMKTS:SMNEY) Cut to Hold at Zacks Research

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

A number of other equities analysts have also recently commented on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Siemens Energy in a research note on Thursday, January 29th. Morgan Stanley reissued an “overweight” rating on shares of Siemens Energy in a research note on Monday, December 8th. UBS Group raised Siemens Energy from a “strong sell” rating to a “buy” rating in a research note on Friday, January 23rd. Jefferies Financial Group upgraded Siemens Energy from a “hold” rating to a “buy” rating in a report on Sunday, November 9th. Finally, Sanford C. Bernstein started coverage on Siemens Energy in a report on Wednesday, January 7th. They set an “outperform” rating for the company. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Siemens Energy presently has a consensus rating of “Moderate Buy”.

Siemens Energy Stock Performance

OTCMKTS SMNEY opened at $175.64 on Tuesday. The business’s 50 day moving average price is $153.98 and its 200-day moving average price is $130.38. Siemens Energy has a fifty-two week low of $50.60 and a fifty-two week high of $176.73. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.90 and a quick ratio of 0.63.

Siemens Energy (OTCMKTS:SMNEY) last issued its quarterly earnings results on Wednesday, February 11th. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.06. Siemens Energy had a return on equity of 18.48% and a net margin of 4.75%. On average, analysts forecast that Siemens Energy will post 0.24 earnings per share for the current year.

Siemens Energy Company Profile

Siemens Energy AG is a global energy technology company headquartered in Germany that provides equipment, systems and services across the power generation and transmission value chains. Established as an independent public company through a spin-off of Siemens AG’s energy businesses in 2020, Siemens Energy draws on a long industrial heritage to design, manufacture and service technologies used by utilities, industrial customers and the oil and gas sector.

The company’s product and service portfolio includes gas and steam turbines, generators, transformers and high-voltage transmission equipment as well as grid connection and power-conversion systems.