Saab (OTCMKTS:SAABY) Downgraded by Pareto Securities to “Hold”

Pareto Securities lowered shares of Saab (OTCMKTS:SAABY) from a strong-buy rating to a hold rating in a research note released on Monday,Zacks reports.

A number of other research analysts also recently commented on the stock. Kepler Capital Markets raised shares of Saab from a “strong sell” rating to a “hold” rating in a research report on Monday, July 20th. Royal Bank Of Canada upgraded shares of Saab to a “hold” rating in a research report on Tuesday, August 11th. Finally, Barclays upgraded shares of Saab from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Saab Stock Up 0.4%

Shares of Saab stock opened at $32.70 on Monday. The stock has a 50-day moving average price of $31.67 and a 200 day moving average price of $32.23. The company has a market cap of $35.01 billion, a P/E ratio of 44.19 and a beta of -0.15. 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 has a 1 year low of $23.29 and a 1 year high of $40.77.

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

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.