SAFRAN/ADR (SAFRY) Downgraded by Zacks Investment Research to “Hold”
SAFRAN/ADR (OTCMKTS:SAFRY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Thursday.
According to Zacks, “Safran S.A. is a France-based high-technology company which produces aircraft and rocket engines and propulsion systems. It divides its work into three segments: Aerospace, Aircraft and Defense. The Aerospace Propulsion division provides engines, turbines and parts for aircraft, and rocket boosters for civil, military and spatial markets. The Aircraft Equipment division produces landing gear, wheels and carbon brakes, aircraft engine nacelles and airborne power electronics. The Defense division includes the subsidiary, Sagem, and makes systems and equipment for inertial navigation and other defense applications to be used on military transport and combat aircraft, helicopters, warships, armored vehicles and artillery systems. It operates through ISEI, Aerospace Power Distribution Management Solutions and the Integrated Cockpit Solutions business of Eaton Corporation. “
OTCMKTS SAFRY opened at $30.62 on Thursday. SAFRAN/ADR has a 1 year low of $23.92 and a 1 year high of $31.82. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.25 and a quick ratio of 0.95. The firm has a market capitalization of $53.77 billion, a PE ratio of 17.30 and a beta of 0.82.
Safran SA, together with its subsidiaries, engages in the aerospace and defense businesses worldwide. The company operates through three segments: Aerospace Propulsion, Aircraft Equipment, and Defense. The Aerospace Propulsion segment designs, develops, produces, and markets propulsion systems for commercial aircraft, military transport, training and combat aircraft, rocket engines, civil and military helicopters, and tactical missiles and drones.
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