Safran (OTCMKTS:SAFRY) Stock Rating Upgraded by DZ Bank

Safran (OTCMKTS:SAFRY) was upgraded by research analysts at DZ Bank from a “hold” rating to a “strong-buy” rating in a report released on Thursday, Zacks reports.

Several other analysts have also weighed in on the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Safran in a report on Wednesday, July 29th. Royal Bank Of Canada restated an “outperform” rating on shares of Safran in a research report on Monday. Citigroup reaffirmed a “neutral” rating on shares of Safran in a research note on Wednesday. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of Safran in a research report on Thursday, August 13th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Safran presently has a consensus rating of “Moderate Buy”.

Safran Stock Performance

Shares of Safran stock opened at $76.63 on Thursday. The company has a current ratio of 0.92, a quick ratio of 0.66 and a debt-to-equity ratio of 0.19. The stock has a 50 day moving average price of $91.41 and a 200-day moving average price of $91.33. Safran has a one year low of $75.22 and a one year high of $106.71.

About Safran

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.