Saab AB – Unsponsored ADR (OTCMKTS:SAABY – Get Free Report) saw unusually-high trading volume on Monday . Approximately 323,899 shares changed hands during trading, an increase of 94% from the previous session’s volume of 167,339 shares.The stock last traded at $34.3064 and had previously closed at $33.49.
Analysts Set New Price Targets
Several brokerages recently commented on SAABY. Kepler Capital Markets raised shares of Saab from a “strong sell” rating to a “hold” rating in a research report on Monday, July 20th. Pareto Securities raised shares of Saab from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 25th. Finally, Citigroup raised shares of Saab from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.
Read Our Latest Analysis on Saab
Saab Trading Up 3.0%
Saab (OTCMKTS:SAABY – Get Free Report) last announced its quarterly earnings data on Friday, July 17th. The company reported $0.21 earnings per share (EPS) for the quarter. Saab had a return on equity of 15.87% and a net margin of 8.05%.The firm had revenue of $2.72 billion during the quarter.
Saab Company Profile
Saab AB is a Sweden-based aerospace and defense company that develops, manufactures and supplies products, services and solutions for military and civil security markets. Founded in 1937 as an aircraft manufacturer, the company has diversified into areas including combat aircraft, airborne surveillance, radar and sensor systems, missiles and weapons, naval vessels and underwater systems, as well as command-and-control, training and simulation and cybersecurity solutions.
In aeronautics, Saab is best known for its Gripen family of multi-role fighter aircraft and for airborne surveillance solutions that integrate radars and sensors.
Featured Articles
- Five stocks we like better than Saab
- SoundHound AI Sends a Loud Signal After Its Q2 Earnings Beat
- 3 Dividend Champion Utilities for a Market That Can’t Sit Still
- These 3 Most-Upgraded Stocks Have Almost Nothing to Do With AI
- First Solar’s Profit Engine Faces a New Policy Test in Washington
Receive News & Ratings for Saab Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Saab and related companies with MarketBeat.com's FREE daily email newsletter.
