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

Shares of Safran SA (OTCMKTS:SAFRY - Get Free Report) hit a new 52-week high during trading on Wednesday . The company traded as high as $83.50 and last traded at $83.39, with a volume of 235113 shares traded. The stock had previously closed at $81.17.

Wall Street Analysts Forecast Growth

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

Safran Stock Performance

The company has a debt-to-equity ratio of 0.38, a current ratio of 0.84 and a quick ratio of 0.59. The stock's 50-day moving average price is $77.22 and its 200-day moving average price is $68.49.

Safran Increases Dividend

The firm also recently disclosed a dividend, which was paid on Monday, June 23rd. Stockholders of record on Thursday, May 29th were paid a $0.6108 dividend. The ex-dividend date was Wednesday, May 28th. This represents a dividend yield of 0.82%. This is a boost from Safran's previous dividend of $0.59.

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.