Saab (OTCMKTS:SAABY) Raised to Strong-Buy at Barclays

Saab (OTCMKTS:SAABY) was upgraded by equities researchers at Barclays from a “strong sell” rating to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

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

Saab Stock Performance

Shares of SAABY stock opened at $34.62 on Monday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.82 and a current ratio of 1.23. The stock has a market cap of $37.06 billion, a PE ratio of 49.46 and a beta of -0.14. Saab has a 1 year low of $23.29 and a 1 year high of $40.77. The stock has a fifty day moving average price of $28.90 and a 200 day moving average price of $31.91.

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 return on equity of 15.87% and a net margin of 8.05%.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.