The Goldman Sachs Group Begins Coverage on Safran (OTCMKTS:SAFRY)

Key Points

• Analysts at The Goldman Sachs Group have initiated coverage on Safran (OTCMKTS:SAFRY) with a "buy" rating.
• Contrastingly, Citigroup downgraded Safran from a "strong-buy" to a "hold" rating, highlighting differing opinions among analysts.
• Safran's stock has shown positive movement, opening at $83.97 with a recent increase of 1.7%.

Stock analysts at The Goldman Sachs Group began coverage on shares of Safran (OTCMKTS:SAFRY - Get Free Report) in a research report issued on Friday, MarketBeat Ratings reports. The firm set a "buy" rating on the stock.

A number of other research firms also recently weighed in on SAFRY. Sanford C. Bernstein upgraded shares of Safran from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 21st. Citigroup downgraded shares of Safran from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 10th. Barclays reissued an "overweight" rating on shares of Safran in a research report on Wednesday, June 25th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Safran in a research report on Thursday, May 22nd. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Buy".

Safran Trading Down 0.9%

Safran stock traded down $0.81 during trading hours on Friday, hitting $86.23. The stock had a trading volume of 79,656 shares, compared to its average volume of 284,479. The company has a current ratio of 0.84, a quick ratio of 0.59 and a debt-to-equity ratio of 0.38. Safran has a fifty-two week low of $53.38 and a fifty-two week high of $87.41. The company has a 50-day moving average of $83.28 and a two-hundred day moving average of $74.76.

About Safran

Safran SA, together with its subsidiaries, engages in the aerospace and defense businesses worldwide. The company operates through three segments: Aerospace Propulsion; Aircraft Equipment, Defense and Aerosystems; and Aircraft Interiors. The Aerospace Propulsion segment designs, develops, produces, and markets propulsion and mechanical power transmission systems for commercial aircraft, military transport, training and combat aircraft, civil and military helicopters, satellites, and drones; and offers maintenance, repair, and overhaul (MRO) services, as well as sells spare parts.