Jefferies Financial Group cut shares of Safran (OTCMKTS:SAFRY) from a hold rating to an underperform rating in a report released on Wednesday morning, The Fly reports. Jefferies Financial Group also issued estimates for Safran’s FY2018 earnings at $1.35 EPS, FY2019 earnings at $1.74 EPS and FY2020 earnings at $2.18 EPS.
SAFRY has been the subject of a number of other research reports. Zacks Investment Research cut Safran from a buy rating to a hold rating in a report on Thursday, August 16th. Sanford C. Bernstein upgraded Safran from a market perform rating to an outperform rating in a report on Monday, September 10th. Finally, Deutsche Bank upgraded Safran from a hold rating to a buy rating in a report on Friday, September 7th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The company has an average rating of Hold.
Shares of OTCMKTS:SAFRY opened at $30.90 on Wednesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.86 and a quick ratio of 0.59. Safran has a 1 year low of $24.82 and a 1 year high of $35.77. The stock has a market cap of $56.28 billion, a PE ratio of 17.46 and a beta of 0.74.
Safran SA, together with its subsidiaries, engages in the aerospace and defense businesses worldwide. The company operates through three segments: Aerospace Propulsion, Aircraft Equipment, and Defense. The Aerospace Propulsion segment designs, develops, produces, and markets propulsion systems for commercial aircraft, military transport, training and combat aircraft, rocket engines, civil and military helicopters, and tactical missiles and drones.
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