Safran (OTCMKTS:SAFRY) Stock Bumped Down to “Strong Sell” by Zacks Research

Safran (OTCMKTS:SAFRY) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Thursday, Zacks reports.

A number of other equities research analysts have also recently weighed in on the stock. Citigroup reiterated a “neutral” rating on shares of Safran in a research report on Wednesday. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Safran in a report on Wednesday, July 29th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Safran in a report on Monday. Jefferies Financial Group reiterated a “hold” rating on shares of Safran in a report on Thursday, August 13th. Finally, DZ Bank raised Safran from a “hold” rating to a “strong-buy” rating in a research report on Thursday. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Safran Stock Down 2.1%

Safran stock opened at $76.63 on Thursday. Safran has a 12-month low of $75.22 and a 12-month high of $106.71. The company has a 50-day moving average price of $91.41 and a 200 day moving average price of $91.33. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.66 and a current ratio of 0.92.

Safran Company Profile

Safran SA is a French aerospace and defense company that develops and manufactures equipment, systems and services for commercial aviation, military aircraft, helicopters and space applications. Its activities include aircraft engines, helicopter engines, landing gear, wheels and carbon brakes, engine nacelles, flight-control systems, avionics, navigation equipment and other aerospace systems.

Safran operates several major joint ventures and partnerships, including CFM International with GE Aerospace, which produces the CFM56 and LEAP commercial aircraft engines.