Saab (OTCMKTS:SAABY) Rating Increased to Strong-Buy at Pareto Securities

Saab (OTCMKTS:SAABY) was upgraded by equities researchers at Pareto Securities from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Separately, Citigroup upgraded shares of Saab from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Saab Price Performance

OTCMKTS:SAABY opened at $25.08 on Thursday. Saab has a 52-week low of $23.29 and a 52-week high of $40.77. The stock has a fifty day moving average of $28.67 and a 200 day moving average of $32.28. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.28. The firm has a market capitalization of $26.85 billion, a price-to-earnings ratio of 32.15 and a beta of -0.15.

Saab (OTCMKTS:SAABY) last issued its quarterly earnings results on Thursday, April 23rd. The company reported $0.15 earnings per share (EPS) for the quarter. Saab had a return on equity of 15.43% and a net margin of 7.87%.The firm had revenue of $2.10 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.