Saab (OTCMKTS:SAABY) Rating Increased to Hold at Royal Bank Of Canada

Saab (OTCMKTS:SAABY) was upgraded by research analysts at Royal Bank Of Canada to a “hold” rating in a report released on Tuesday,Zacks.com reports.

Several other brokerages have also issued reports on SAABY. Barclays upgraded Saab from a “strong sell” rating to a “strong-buy” rating in a research note on Monday. Pareto Securities upgraded Saab from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 25th. Kepler Capital Markets raised Saab from a “strong sell” rating to a “hold” rating in a research note on Monday, July 20th. Finally, Citigroup upgraded Saab from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Two equities research analysts have rated the stock with a Strong Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Saab presently has an average rating of “Moderate Buy”.

Saab Stock Performance

OTCMKTS SAABY opened at $34.62 on Tuesday. The firm’s 50 day simple moving average is $28.90 and its 200 day simple moving average is $31.91. The firm has a market capitalization of $37.06 billion, a price-to-earnings ratio of 49.46 and a beta of -0.14. The company has a current ratio of 1.23, a quick ratio of 0.82 and a debt-to-equity ratio of 0.26. Saab has a 1 year low of $23.29 and a 1 year high of $40.77.

Saab (OTCMKTS:SAABY) last announced its quarterly earnings data on Friday, July 17th. The company reported $0.21 EPS for the quarter. Saab had a net margin of 8.05% and a return on equity of 15.87%. The business 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.