Royal Bank of Canada began coverage on shares of Siemens (OTCMKTS:SIEGY) in a report issued on Tuesday morning, The Fly reports. The firm issued a sector perform rating on the technology company’s stock.
SIEGY has been the subject of a number of other research reports. Zacks Investment Research upgraded Siemens from a hold rating to a strong-buy rating and set a $65.00 price target for the company in a research note on Wednesday, January 9th. ValuEngine upgraded Siemens from a sell rating to a hold rating in a research note on Tuesday, October 2nd. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $65.00.
SIEGY stock opened at $57.31 on Tuesday. The stock has a market cap of $94.54 billion, a price-to-earnings ratio of 14.18, a P/E/G ratio of 1.52 and a beta of 1.19. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.38 and a quick ratio of 1.04. Siemens has a 52-week low of $54.12 and a 52-week high of $77.17.
Siemens (OTCMKTS:SIEGY) last released its quarterly earnings results on Thursday, November 8th. The technology company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.08). The company had revenue of $26.28 billion for the quarter, compared to analyst estimates of $26.40 billion. Siemens had a net margin of 7.03% and a return on equity of 12.19%. On average, analysts forecast that Siemens will post 4.26 EPS for the current year.
The firm also recently announced an annual dividend, which will be paid on Monday, February 11th. Stockholders of record on Friday, February 1st will be paid a $1.583 dividend. The ex-dividend date is Thursday, January 31st. This represents a dividend yield of 2.71%. Siemens’s payout ratio is presently 41.83%.
Siemens Aktiengesellschaft operates in the fields of electrification, automation, and digitalization worldwide. Its Power and Gas segment offers gas and steam turbines, generators, compressor trains, integrated power plant solutions, and instrumentation and control systems for power generation. The company's Energy Management segment offers software, products, systems, solutions, and services for transmitting, distributing, and managing electrical power, as well as for providing intelligent power infrastructure.
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