Why Siemens Stock Slumped Today
Shares in German industrial giant (OTC: SIEGY) were down by more than 6% in trading as of 3 p.m. ET Thursday due to the tariffs imposed on foreign countries by the Trump administration. As a global company with interlinked supply chains that span the globe, Siemens is notably exposed to tariff actions and trade conflicts.
Siemens is a German company, but its operations are global. In fact, 31% of its revenue came from the Americas (26% from the U.S.) in 2024, with 46% from Europe and the rest from Asia. In addition, its manufacturing and operational footprint is global too, with 25% of its factories in the Americas and 48% in Europe, and the rest in Asia.
The ability to produce and sell locally is a major plus in dealing with tariff actions, and should leave Siemens relatively well-placed to deal with trade disputes. Moreover, Siemens is a heavy investor in the U.S., having recently bought industrial simulation company Altair for an enterprise value of $10 billion, and literally on the day the tariffs were announced, announced itself a deal to buy life sciences research and development software company Dotmatics for $5.1 billion.
Source Fool.com
Siemens AG Stock
Our community is currently high on Siemens AG with 5 Buy predictions and 0 Sell predictions.
As a result the target price of 230 € shows a slightly positive potential of 2.59% compared to the current price of 224.2 € for Siemens AG.
