Saab (OTCMKTS:SAABY) Upgraded by Royal Bank Of Canada to “Hold” Rating

Royal Bank Of Canada upgraded shares of Saab (OTCMKTS:SAABY) to a hold rating in a report issued on Tuesday,Zacks.com reports.

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

Saab Price Performance

Shares of OTCMKTS:SAABY opened at $34.62 on Tuesday. The company has a market capitalization of $37.06 billion, a PE ratio of 49.46 and a beta of -0.14. 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 fifty day moving average of $28.90 and a 200-day moving average of $31.91. Saab has a one year low of $23.29 and a one year high of $40.77.

Saab (OTCMKTS:SAABY) last issued its earnings results on Friday, July 17th. The company reported $0.21 earnings per share (EPS) for the quarter. The business had revenue of $2.72 billion for the quarter. Saab had a return on equity of 15.87% and a net margin of 8.05%.

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.