Kepler Capital Markets Upgrades Saab (OTCMKTS:SAABY) to Hold

Saab (OTCMKTS:SAABY) was upgraded by analysts at Kepler Capital Markets from a “strong sell” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

SAABY has been the topic of a number of other reports. Citigroup upgraded shares of Saab from a “strong sell” rating to a “hold” rating in a research note 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. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold”.

Saab Stock Performance

SAABY stock opened at $29.47 on Monday. The stock’s fifty day moving average is $27.69 and its two-hundred day moving average is $32.33. Saab has a 1 year low of $23.29 and a 1 year high of $40.77. The stock has a market capitalization of $31.55 billion, a price-to-earnings ratio of 42.10 and a beta of -0.09. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.28.

Saab (OTCMKTS:SAABY) last issued its quarterly earnings data on Friday, July 17th. The company reported $0.21 earnings per share (EPS) for the quarter. Saab had a return on equity of 16.59% 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.