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    SIE   DE0007236101

SIEMENS AG

(SIE)
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Real-time Estimate Quote. Real-time Estimate Tradegate - 01/17 02:27:03 pm
146.61 EUR   +0.51%
12:29pAtlantia to buy Yunex Traffic from Siemens for $1 bln
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12:25pSiemens Sells Yunex to Atlantia for $1.1 Billion
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12:10pAtlantia To Purchase Siemens Unit Yunex Traffic For $1.1 Billion
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U.S. business borrowing for equipment rises 16% in October - ELFA

11/22/2021 | 05:17pm EST

Nov 22 (Reuters) - U.S. companies increased their borrowings for capital investments in October by 16% compared with a year earlier, the Equipment Leasing and Finance Association (ELFA) said on Monday.

The companies signed up for $10.7 billion in new loans, leases and lines of credit last month, up from $9.2 billion a year earlier. Borrowings rose 16% from September.

"Fourth-quarter economic growth is projected to be buoyant despite higher prices and labor imbalances in the economy." ELFA's Chief Executive Officer Ralph Petta said in a statement.

"With the recent signing of major infrastructure legislation coming out of Washington, the future for capital investment looks bright."

Washington-based ELFA, which reports economic activity for the nearly $1-trillion equipment finance sector, said credit approvals totaled 78%, up from 76.3% in September.

ELFA's leasing and finance index measures the volume of commercial equipment financed in the United States.

The index is based on a survey of 25 members, including Bank of America Corp, CIT Group Inc and the financing affiliates or units of Caterpillar Inc, Dell Technologies Inc, Siemens AG, Canon Inc and Volvo AB.

The Equipment Leasing and Finance Foundation, ELFA's non-profit affiliate, reported a monthly confidence of 64.6% in November, up from 61.1% in October in their index. A reading above 50 indicates a positive business outlook.

(Reporting by Nathan Gomes in Bengaluru; Editing by Amy Caren Daniel)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AB VOLVO -0.38% 220.25 Delayed Quote.5.46%
SIEMENS AG 0.10% 146 Delayed Quote.-4.47%
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Financials
Sales 2022 66 936 M 76 367 M 76 367 M
Net income 2022 6 391 M 7 292 M 7 292 M
Net Debt 2022 35 468 M 40 466 M 40 466 M
P/E ratio 2022 18,5x
Yield 2022 2,79%
Capitalization 117 B 133 B 133 B
EV / Sales 2022 2,28x
EV / Sales 2023 2,12x
Nbr of Employees 303 000
Free-Float -
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Siemens AG Technical Analysis Chart | SIE | DE0007236101 | MarketScreener
Technical analysis trends SIEMENS AG
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 25
Last Close Price 145,86 €
Average target price 169,72 €
Spread / Average Target 16,4%
EPS Revisions
Managers and Directors
Roland Emil Busch President & Chief Executive Officer
Ralf Peter Thomas Chief Financial Officer
Jim Hagemann Snabe Chairman-Supervisory Board
Hanna Hennig Chief Information Officer
Andreas Christian Hoffmann General Counsel, Head-Legal & Compliance
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