Saab (OTCMKTS:SAABY) Rating Increased to Strong-Buy at Barclays

Saab (OTCMKTS:SAABY) was upgraded by equities researchers at Barclays from a “strong sell” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

SAABY has been the subject of a number of other reports. Citigroup upgraded Saab from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Kepler Capital Markets raised shares of Saab from a “strong sell” rating to a “hold” rating in a report on Monday, July 20th. Finally, Pareto Securities upgraded shares of Saab from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 25th. Two research analysts have rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Saab Trading Up 0.9%

SAABY opened at $34.62 on Monday. Saab has a 12-month low of $23.29 and a 12-month high of $40.77. 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 stock has a market capitalization of $37.06 billion, a PE ratio of 49.46 and a beta of -0.14. The firm’s fifty day moving average price is $28.90 and its 200 day moving average price is $31.91.

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

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.