Siemens Energy (OTCMKTS:SMNEY) Stock Rating Lowered by Zacks Research

Siemens Energy (OTCMKTS:SMNEY) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports.

A number of other equities research analysts have also weighed in on the stock. UBS Group upgraded shares of Siemens Energy from a “strong sell” rating to a “buy” rating in a report on Friday, January 23rd. Morgan Stanley reissued an “overweight” rating on shares of Siemens Energy in a report on Monday, December 8th. Sanford C. Bernstein started coverage on Siemens Energy in a report on Wednesday, January 7th. They set an “outperform” rating for the company. Royal Bank Of Canada reiterated an “outperform” rating on shares of Siemens Energy in a report on Friday, November 21st. Finally, Evercore assumed coverage on Siemens Energy in a research report on Monday, December 15th. They set an “outperform” rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Siemens Energy presently has an average rating of “Moderate Buy”.

Siemens Energy Trading Up 2.5%

Shares of OTCMKTS SMNEY opened at $175.64 on Tuesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.63 and a current ratio of 0.90. The stock’s 50-day moving average is $153.20 and its two-hundred day moving average is $130.07. Siemens Energy has a 1-year low of $50.60 and a 1-year high of $176.73.

Siemens Energy (OTCMKTS:SMNEY) last announced its quarterly earnings data on Wednesday, February 11th. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.06. Siemens Energy had a return on equity of 13.79% and a net margin of 3.61%. Analysts anticipate that Siemens Energy will post 0.24 EPS for the current fiscal 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.