Safran (OTCMKTS:SAFRY) Hits New 1-Year High - What's Next?

Key Points

• Safran SA's stock reached a new 52-week high, trading at $83.74 recently, with analysts issuing mixed ratings but an overall consensus of "Moderate Buy".
• The company announced an increased dividend of $0.6108, up from $0.59, showcasing its commitment to returning value to shareholders.
• Safran's financial metrics indicate a solid position with a debt-to-equity ratio of 0.38 and an increasing stock price of 1.2% recently.

Shares of Safran SA (OTCMKTS:SAFRY - Get Free Report) hit a new 52-week high on Wednesday . The stock traded as high as $83.74 and last traded at $83.68, with a volume of 11445 shares trading hands. The stock had previously closed at $83.33.

Wall Street Analyst Weigh In

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

Safran Trading Down 0.5%

The firm's 50-day moving average price is $79.24 and its 200 day moving average price is $70.49. 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 $0.6108 dividend. This represents a yield of 82.0%. This is a positive change 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.