Siemens (OTCMKTS:SIEGY) Cut to “Hold” at Jefferies Financial Group

Jefferies Financial Group cut shares of Siemens (OTCMKTS:SIEGY) from a buy rating to a hold rating in a research report report published on Thursday morning, MarketBeat reports.

A number of other analysts also recently issued reports on SIEGY. Kepler Capital Markets raised shares of Siemens from a “strong sell” rating to a “hold” rating in a report on Friday, July 3rd. Barclays restated an “underweight” rating on shares of Siemens in a research report on Monday, July 6th. Erste Group Bank raised Siemens from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 27th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Siemens in a report on Monday, August 3rd. Finally, Evercore lowered Siemens from an “outperform” rating to a “hold” rating in a research report on Friday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Siemens presently has an average rating of “Hold”.

Siemens Stock Down 1.7%

SIEGY stock opened at $150.07 on Thursday. The company’s 50 day moving average is $157.53 and its 200 day moving average is $153.28. The stock has a market cap of $234.71 billion, a price-to-earnings ratio of 25.43, a price-to-earnings-growth ratio of 10.14 and a beta of 1.41. The company has a current ratio of 1.44, a quick ratio of 1.18 and a debt-to-equity ratio of 0.55. Siemens has a 1-year low of $115.56 and a 1-year high of $169.47.

Siemens (OTCMKTS:SIEGY) last announced its earnings results on Thursday, August 6th. The technology company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.19. The business had revenue of $24.02 billion during the quarter, compared to analyst estimates of $23.57 billion. Siemens had a net margin of 9.79% and a return on equity of 11.13%. Siemens has set its FY 2026 guidance at 6.510-6.685 EPS. Sell-side analysts predict that Siemens will post 6.34 EPS for the current fiscal year.

Hedge Funds Weigh In On Siemens

An institutional investor recently raised its position in Siemens stock. Ferguson Wellman Capital Management Inc. increased its holdings in Siemens AG (OTCMKTS:SIEGY) by 0.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 210,670 shares of the technology company’s stock after purchasing an additional 655 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in Siemens were worth $33,899,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 0.75% of the company’s stock.

About Siemens

Siemens AG is a global technology company that develops products, systems and software for industry, infrastructure, mobility and healthcare. Its offerings include industrial automation and control systems, digital manufacturing software, building and energy-management technologies, electrification equipment, rail vehicles and transportation solutions.

Siemens also provides healthcare technology through Siemens Healthineers, in which it holds a majority interest. Siemens Healthineers develops medical imaging, diagnostic, cancer-care and minimally invasive treatment technologies.