Safran (OTCMKTS:SAFRY) Reaches New 52-Week High - Still a Buy?

Safran SA (OTCMKTS:SAFRY - Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as $82.40 and last traded at $82.37, with a volume of 144188 shares traded. The stock had previously closed at $81.74.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Citigroup lowered Safran from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 10th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Safran in a research note on Thursday, May 22nd. Kepler Capital Markets raised Safran from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 28th. Finally, Barclays reaffirmed an "overweight" rating on shares of Safran in a research note on Wednesday, June 25th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy".

Safran Price Performance

The business has a 50 day moving average of $76.02 and a 200 day moving average of $67.54. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.59 and a current ratio of 0.84.

Safran Increases Dividend

The company also recently declared a dividend, which was paid on Monday, June 23rd. Investors of record on Thursday, May 29th were paid a dividend of $0.6108 per share. The ex-dividend date of this dividend was Wednesday, May 28th. This is a positive change from Safran's previous dividend of $0.59. This represents a yield of 0.82%.

Safran Company Profile

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.