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

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

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

Saab Price Performance

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

Saab (OTCMKTS:SAABY) last announced its earnings results 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.

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.