Saab (OTCMKTS:SAABY) Stock Rating Upgraded by Barclays

Key Points

• Saab has been downgraded to a "strong sell" rating by Barclays, reflecting negative sentiment among analysts in recent reports.
• The stock's current average rating is "hold," with varying ratings from investment analysts, including one "strong buy," one "hold," and two "sell" ratings.
• As of Monday, Saab's stock traded at $27.52, with a market capitalization of $29.46 billion and a PE ratio of 45.12.

Saab (OTCMKTS:SAABY - Get Free Report) was upgraded by research analysts at Barclays to a "strong sell" rating in a research note issued to investors on Monday,Zacks.com reports.

Other research analysts also recently issued research reports about the company. Citigroup downgraded Saab from a "strong-buy" rating to a "strong sell" rating in a report on Tuesday, June 24th. Pareto Securities raised Saab to a "hold" rating in a research note on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Saab currently has an average rating of "Hold".

Saab Stock Up 0.2%

Shares of OTCMKTS:SAABY traded up $0.06 on Monday, reaching $28.77. The company had a trading volume of 77,469 shares, compared to its average volume of 95,520. Saab has a twelve month low of $9.68 and a twelve month high of $28.99. The stock has a 50-day moving average price of $27.06 and a 200 day moving average price of $23.95. The stock has a market capitalization of $30.80 billion and a P/E ratio of 47.16. The company has a quick ratio of 0.84, a current ratio of 1.30 and a debt-to-equity ratio of 0.20.

Saab (OTCMKTS:SAABY - Get Free Report) last posted its quarterly earnings data on Friday, July 18th. The company reported $0.29 EPS for the quarter. Saab had a return on equity of 13.82% and a net margin of 7.45%.The business had revenue of $2.05 billion for the quarter.

About Saab

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.