Saab (OTCMKTS:SAABY) Rating Lowered to Hold at Pareto Securities

Saab (OTCMKTS:SAABY) was downgraded by equities research analysts at Pareto Securities from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Monday, Zacks reports.

Several other brokerages also recently issued reports on SAABY. Kepler Capital Markets raised shares of Saab from a “strong sell” rating to a “hold” rating in a research note on Monday, July 20th. Royal Bank Of Canada raised shares of Saab to a “hold” rating in a research note on Tuesday, August 11th. Finally, Barclays raised shares of Saab from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold”.

Saab Price Performance

OTCMKTS:SAABY opened at $32.70 on Monday. Saab has a 12-month low of $23.29 and a 12-month high of $40.77. The firm has a market cap of $35.01 billion, a price-to-earnings ratio of 44.00 and a beta of -0.15. The company’s 50-day moving average is $31.67 and its two-hundred day moving average is $32.23. The company has a current ratio of 1.23, a quick ratio of 0.82 and a debt-to-equity ratio of 0.26.

Saab (OTCMKTS:SAABY) last issued its quarterly earnings results on Friday, October 23rd. The company reported $0.13 EPS for the quarter. The business had revenue of $2.13 billion during the quarter. Saab had a net margin of 8.11% and a return on equity of 16.27%.

Saab Company Profile

Saab AB is a Sweden-based defense and aerospace company that develops, manufactures and supports products and services for military and civil security customers. Its business includes combat aircraft, weapons systems, sensors, command-and-control solutions, training systems and naval platforms.

The company’s Aeronautics business produces the Gripen fighter aircraft and related systems, while its Surveillance operations provide airborne early-warning, radar, electronic-warfare and sensor technologies, including the GlobalEye system.