Safran (OTCMKTS:SAFRY) Hits New 1-Year High – Time to Buy?

Safran SA (OTCMKTS:SAFRY) shares reached a new 52-week high on Monday . The stock traded as high as $89.84 and last traded at $89.69, with a volume of 91593 shares traded. The stock had previously closed at $87.66.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SAFRY. Zacks Research upgraded shares of Safran from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 29th. Jefferies Financial Group reiterated a “buy” rating on shares of Safran in a research report on Friday, October 24th. The Goldman Sachs Group started coverage on Safran in a report on Friday, September 19th. They set a “buy” rating for the company. Finally, Sanford C. Bernstein raised Safran from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 21st. Three investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Safran has an average rating of “Buy”.

Safran Price Performance

The business has a 50 day moving average price of $86.30 and a 200 day moving average price of $80.58. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.93 and a quick ratio of 0.66.

Safran Company Profile

Safran SA, together with its subsidiaries, engages in the aerospace and defense businesses worldwide. The company operates through three segments: Aerospace Propulsion; Aircraft Equipment, Defense and Aerosystems; and Aircraft Interiors. The Aerospace Propulsion segment designs, develops, produces, and markets propulsion and mechanical power transmission systems for commercial aircraft, military transport, training and combat aircraft, civil and military helicopters, satellites, and drones; and offers maintenance, repair, and overhaul (MRO) services, as well as sells spare parts.