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J.P. Morgan Stick to Their Hold Rating for Siemens Gamesa Renewable Energy, S.A.

Published 12/03/2021, 07:26 AM
Updated 12/03/2021, 07:26 AM


J.P. Morgan analyst Akash Gupta maintained a Hold rating on Siemens Gamesa Renewable Energy (OTC:GCTAY), S.A. on Thursday, setting a price target of EUR22, which is approximately 1.01% above the present share price of $24.61.

Gupta expects Siemens Gamesa Renewable Energy, S.A. to post earnings per share (EPS) of -$0.38 for the fourth quarter of 2021.

The current consensus among 10 TipRanks analysts is for a Hold rating of shares in Siemens Gamesa Renewable Energy, S.A., with an average price target of $27.64.
The analysts price targets range from a high of $33.9 to a low of $22.6.

In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $2.86 billion and a net profit of -$278.33 million. The company's market cap is $18.14 billion.

According to TipRanks.com, J.P. Morgan analyst Akash Gupta is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -18.1% and a 33.33% success rate.

Siemens Gamesa Renewable Energy SA engages in the provision of renewable energy services. It operates through the Wind Turbine and Operations Maintenance segments. Its products and services include onshore and offshore wind turbines and service wind. The company was founded by Juan Luis Arregui Ciarsolo on January 28, 1976 and is headquartered in Vizcaya, Spain.

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