Saab (OTCMKTS:SAABY) Upgraded by Pareto Securities to “Strong-Buy” Rating

Pareto Securities upgraded shares of Saab (OTCMKTS:SAABY) from a hold rating to a strong-buy rating in a report published on Thursday morning,Zacks.com reports.

Separately, Citigroup raised Saab from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Saab Stock Performance

Shares of OTCMKTS SAABY opened at $25.08 on Thursday. The company has a 50 day simple moving average of $28.67 and a two-hundred day simple moving average of $32.28. The stock has a market cap of $26.85 billion, a price-to-earnings ratio of 32.15 and a beta of -0.15. The company has a current ratio of 1.28, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. Saab has a 12 month low of $23.29 and a 12 month high of $40.77.

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

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.