Saab (OTCMKTS:SAABY) Upgraded by Kepler Capital Markets to Hold Rating

Kepler Capital Markets upgraded shares of Saab (OTCMKTS:SAABY) from a strong sell rating to a hold rating in a research report sent to investors on Monday,Zacks.com reports.

Other equities research analysts have also recently issued reports about the stock. Pareto Securities upgraded shares of Saab from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 25th. Citigroup upgraded Saab from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Saab Stock Performance

Shares of SAABY opened at $29.47 on Monday. The firm’s fifty day simple moving average is $27.69 and its two-hundred day simple moving average is $32.33. Saab has a 12 month low of $23.29 and a 12 month high of $40.77. The company has a current ratio of 1.28, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $31.55 billion, a P/E ratio of 42.10 and a beta of -0.09.

Saab (OTCMKTS:SAABY) last issued its earnings results on Friday, July 17th. The company reported $0.21 earnings per share for the quarter. The business had revenue of $2.72 billion during the quarter. Saab had a return on equity of 16.59% and a net margin of 8.05%.

About Saab

Saab AB is a Sweden-based aerospace and defense company that develops, manufactures and supplies products, services and solutions for military and civil security markets. Founded in 1937 as an aircraft manufacturer, the company has diversified into areas including combat aircraft, airborne surveillance, radar and sensor systems, missiles and weapons, naval vessels and underwater systems, as well as command-and-control, training and simulation and cybersecurity solutions.

In aeronautics, Saab is best known for its Gripen family of multi-role fighter aircraft and for airborne surveillance solutions that integrate radars and sensors.