Safran Unspon (SAFRY) Downgraded by Zacks Investment Research
Zacks Investment Research downgraded shares of Safran Unspon (NASDAQ:SAFRY) from a buy rating to a hold rating in a report published on Wednesday.
According to Zacks, “Safran S.A. is a France-based high-technology company which produces aircraft and rocket engines and propulsion systems. It divides its work into three segments: Aerospace, Aircraft and Defense. The Aerospace Propulsion division provides engines, turbines and parts for aircraft, and rocket boosters for civil, military and spatial markets. The Aircraft Equipment division produces landing gear, wheels and carbon brakes, aircraft engine nacelles and airborne power electronics. The Defense division includes the subsidiary, Sagem, and makes systems and equipment for inertial navigation and other defense applications to be used on military transport and combat aircraft, helicopters, warships, armored vehicles and artillery systems. It operates through ISEI, Aerospace Power Distribution Management Solutions and the Integrated Cockpit Solutions business of Eaton Corporation. “
Safran Unspon (NASDAQ:SAFRY) traded down 0.08% during mid-day trading on Wednesday, hitting $25.26. 508,395 shares of the stock were exchanged. The stock has a market capitalization of $41.35 billion and a P/E ratio of 10.36. The firm has a 50-day moving average price of $24.29 and a 200-day moving average price of $21.81. Safran Unspon has a 12-month low of $16.45 and a 12-month high of $25.39.
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