Safran (OTCMKTS:SAFRY) Reaches New 1-Year High - Still a Buy?

Key Points

• Safran's share price reached a new 52-week high of $85.68, with a last trading price of $85.51.
• The company increased its dividend to $0.6108 per share, resulting in a dividend yield of 82.0%.
• Analyst ratings for Safran include two "buy" ratings, one "strong buy," and two "hold," leading to a consensus rating of Moderate Buy.

Safran SA (OTCMKTS:SAFRY - Get Free Report)'s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $85.68 and last traded at $85.51, with a volume of 6883 shares changing hands. The stock had previously closed at $84.88.

Analyst Ratings Changes

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

Safran Price Performance

The company has a quick ratio of 0.59, a current ratio of 0.84 and a debt-to-equity ratio of 0.38. The business's fifty day moving average is $79.58 and its two-hundred day moving average is $70.79.

Safran Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, June 23rd. Stockholders of record on Thursday, May 29th were given a dividend of $0.6108 per share. This represents a dividend yield of 82.0%. This is a boost from Safran's previous dividend of $0.59. The ex-dividend date was Wednesday, May 28th.

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.

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