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

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

Several other equities research analysts have also recently issued reports on SAABY. Citigroup upgraded Saab from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Pareto Securities upgraded Saab from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 25th. One investment 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’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Saab Stock Performance

OTCMKTS:SAABY opened at $29.47 on Monday. Saab has a 1-year low of $23.29 and a 1-year high of $40.77. The firm has a 50 day simple moving average of $27.69 and a 200-day simple moving average of $32.33. The firm has a market cap of $31.55 billion, a PE ratio of 42.10 and a beta of -0.09. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.28 and a quick ratio of 0.84.

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

Saab Company Profile

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.