Safran (OTCMKTS:SAFRY) Stock Rating Upgraded by Sanford C. Bernstein

Key Points

• Sanford C. Bernstein has upgraded Safran from a "hold" rating to a "strong-buy" rating, indicating increased confidence in the company's performance.
• Safran's stock has a 1-year low of $52.93 and a 1-year high of $85.77, reflecting its volatility and potential for growth.
• Additional analysts have also expressed positive sentiment, with ratings ranging from "buy" to "strong-buy," contributing to an average rating of "buy" for the stock.

Sanford C. Bernstein upgraded shares of Safran (OTCMKTS:SAFRY - Free Report) from a hold rating to a strong-buy rating in a report issued on Thursday,Zacks.com reports.

Several other brokerages also recently commented on SAFRY. Kepler Capital Markets upgraded Safran from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 28th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Safran in a report on Thursday, May 22nd. Citigroup downgraded shares of Safran from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 10th. Finally, Barclays restated an "overweight" rating on shares of Safran in a research report on Wednesday, June 25th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, Safran currently has an average rating of "Buy".

Safran Stock Performance

SAFRY stock traded down $0.60 during midday trading on Thursday, reaching $83.58. 202,718 shares of the company's stock traded hands, compared to its average volume of 283,470. The company has a 50-day moving average price of $81.59 and a two-hundred day moving average price of $72.37. Safran has a 52 week low of $52.93 and a 52 week high of $85.77. 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 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.