Saab (OTCMKTS:SAABY) Raised to “Strong-Buy” at Pareto Securities

Saab (OTCMKTS:SAABY) was upgraded by investment analysts at Pareto Securities from a “hold” rating to a “strong-buy” rating in a note issued to investors on Thursday,Zacks.com reports.

Separately, Citigroup raised shares of Saab from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Saab has a consensus rating of “Hold”.

Saab Stock Up 0.2%

Shares of OTCMKTS SAABY opened at $25.08 on Thursday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.28 and a quick ratio of 0.84. The stock has a market capitalization of $26.85 billion, a PE ratio of 32.15 and a beta of -0.15. Saab has a one year low of $23.29 and a one year high of $40.77. The business’s fifty day moving average price is $28.67 and its 200-day moving average price is $32.28.

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

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.