Saab (OTCMKTS:SAABY) Raised to Hold at Kepler Capital Markets

Saab (OTCMKTS:SAABY) was upgraded by analysts at Kepler Capital Markets from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

A number of other research firms have also issued reports on SAABY. Pareto Securities upgraded Saab from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 25th. Citigroup upgraded Saab from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold”.

Saab Stock Performance

Shares of SAABY stock opened at $29.62 on Monday. 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 company has a market cap of $31.71 billion, a PE ratio of 42.31 and a beta of -0.09. The company’s fifty day simple moving average is $27.73 and its 200-day simple moving average is $32.33. Saab has a 52 week low of $23.29 and a 52 week high of $40.77.

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

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.