Safran SA (OTCMKTS:SAFRY – Get Free Report) saw unusually-high trading volume on Monday. 493,074 shares changed hands during trading, an increase of 98% from the average daily volume of 248,524 shares. The stock last traded at $80.55 and had previously closed at $76.63.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on SAFRY. Royal Bank Of Canada reissued an “outperform” rating on shares of Safran in a research note on Monday, October 26th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Safran in a research report on Wednesday, July 29th. Jefferies Financial Group reiterated a “hold” rating on shares of Safran in a research report on Thursday, August 13th. DZ Bank upgraded shares of Safran from a “hold” rating to a “strong-buy” rating in a report on Thursday. Finally, Citigroup reissued a “neutral” rating on shares of Safran in a research note on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.
Check Out Our Latest Research Report on SAFRY
Safran Trading Up 4.9%
The company has a quick ratio of 0.66, a current ratio of 0.92 and a debt-to-equity ratio of 0.19. The firm has a 50 day moving average price of $91.41 and a two-hundred day moving average price of $91.33.
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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