Saab (OTCMKTS:SAABY - Get Free Report) was downgraded by Citigroup from a "strong-buy" rating to a "strong sell" rating in a report released on Tuesday,Zacks.com reports.
Separately, UBS Group upgraded Saab from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 24th.
Get Our Latest Research Report on SAABY
Saab Trading Up 5.6%
SAABY traded up $1.45 during trading on Tuesday, reaching $27.42. 255,925 shares of the company's stock were exchanged, compared to its average volume of 193,029. The stock has a fifty day moving average price of $24.09. The stock has a market capitalization of $29.35 billion, a PE ratio of 67.70 and a beta of -0.03. Saab has a one year low of $9.68 and a one year high of $27.55. The company has a quick ratio of 0.84, a current ratio of 1.32 and a debt-to-equity ratio of 0.21.
Saab (OTCMKTS:SAABY - Get Free Report) last issued its quarterly earnings data on Friday, April 25th. The company reported $0.11 earnings per share for the quarter. The company had revenue of $1.48 billion for the quarter. Saab had a net margin of 7.14% and a return on equity of 12.81%.
Saab Company Profile
(
Get Free Report)
Saab AB (publ) provides products, services, and solutions for military defense, aviation, and civil security markets worldwide. The company operates through Aeronautics, Dynamics, Surveillance, Kockums, and Combitech segments. The company develops military aviation technology, as well as conducts studies on manned and unmanned aircraft.
Featured Articles
Before you consider Saab, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Saab wasn't on the list.
While Saab currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
