Saab (OTCMKTS:SAABY) Stock Rating Upgraded by Barclays

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

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

Saab Trading Up 0.9%

OTCMKTS:SAABY opened at $34.62 on Monday. The company’s 50 day moving average price is $28.90 and its 200-day moving average price is $31.91. Saab has a 52 week low of $23.29 and a 52 week high of $40.77. The company has a quick ratio of 0.82, a current ratio of 1.23 and a debt-to-equity ratio of 0.26. The stock has a market cap of $37.06 billion, a price-to-earnings ratio of 49.46 and a beta of -0.14.

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

Saab Company Profile

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.