Positive Report for Siemens Energy (SMEGF) from J.P. Morgan

J.P. Morgan analyst Akash Gupta upgraded Siemens Energy (SMEGFResearch Report) to a Buy today and set a price target of EUR25.00. The company’s shares closed yesterday at $19.93.

According to TipRanks, Gupta is an analyst with an average return of -8.2% and a 44.38% success rate.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Siemens Energy with a $23.20 average price target, implying a 16.41% upside from current levels. In a report released on February 23, Goldman Sachs also maintained a Buy rating on the stock with a EUR25.30 price target.

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Based on Siemens Energy’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $7.06 billion and a GAAP net loss of $473 million. In comparison, last year the company earned a revenue of $5.96 billion and had a GAAP net loss of $131 million

Based on the recent corporate insider activity of 6 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SMEGF in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Siemens Energy AG is an engineering technology company. The company develops and provides solutions for industrial applications, power generation, transmission, wind energy technologies. It provides Integrated Electrification, Automation and Digital solutions for oil and marine industries, Re-powering solutions, Grid access, HVDC, MVDC, and other related services.

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