Saab (OTCMKTS:SAABY) Upgraded to Strong-Buy at Barclays

Barclays upgraded shares of Saab (OTCMKTS:SAABY) from a strong sell rating to a strong-buy rating in a report issued on Monday morning,Zacks.com reports.

Several other equities research analysts have also issued reports on the company. Pareto Securities raised Saab from a “hold” rating to a “strong-buy” rating in a research 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. Finally, Kepler Capital Markets raised shares of Saab from a “strong sell” rating to a “hold” rating in a report on Monday, July 20th. Two analysts have rated the stock with a Strong Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Saab Stock Up 0.9%

Shares of Saab stock opened at $34.62 on Monday. The business has a 50-day moving average price of $28.90 and a 200 day moving average price of $31.91. Saab has a fifty-two week low of $23.29 and a fifty-two week high of $40.77. The firm has a market cap of $37.06 billion, a P/E ratio of 49.46 and a beta of -0.14. The company has a quick ratio of 0.82, a current ratio of 1.23 and a debt-to-equity ratio of 0.26.

Saab (OTCMKTS:SAABY) last released its earnings results on Friday, July 17th. The company reported $0.21 EPS for the quarter. The company had revenue of $2.72 billion for the quarter. Saab had a return on equity of 15.87% 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.