Safran (OTCMKTS:SAFRY – Get Free Report) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Thursday, Zacks reports.
Other equities research analysts have also recently issued reports about the stock. Citigroup reiterated a “neutral” rating on shares of Safran in a research report on Wednesday. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Safran in a research report on Wednesday, July 29th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Safran in a research note on Monday. DZ Bank raised shares of Safran from a “hold” rating to a “strong-buy” rating in a research note on Thursday. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of Safran in a report on Thursday, August 13th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Safran has an average rating of “Moderate Buy”.
Check Out Our Latest Analysis on SAFRY
Safran Stock Performance
Shares of SAFRY opened at $76.63 on Thursday. Safran has a 52-week low of $75.22 and a 52-week high of $106.71. The firm’s fifty day moving average is $91.41 and its two-hundred day moving average is $91.33. The company has a quick ratio of 0.66, a current ratio of 0.92 and a debt-to-equity ratio of 0.19.
Safran Company Profile
Safran SA is a French aerospace and defense company that develops and manufactures equipment, systems and services for commercial aviation, military aircraft, helicopters and space applications. Its activities include aircraft engines, helicopter engines, landing gear, wheels and carbon brakes, engine nacelles, flight-control systems, avionics, navigation equipment and other aerospace systems.
Safran operates several major joint ventures and partnerships, including CFM International with GE Aerospace, which produces the CFM56 and LEAP commercial aircraft engines.
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