Shares of Safran SA (OTCMKTS:SAFRY – Get Free Report) saw strong trading volume on Tuesday. Approximately 627,010 shares changed hands during mid-day trading, an increase of 156% from the average daily volume of 245,191 shares. The stock last traded at $76.2750 and had previously closed at $76.12.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on SAFRY shares. DZ Bank lowered shares of Safran from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 6th. Citigroup reissued a “neutral” rating on shares of Safran in a research note on Monday, July 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Safran in a research note on Wednesday, July 29th. Jefferies Financial Group restated a “hold” rating on shares of Safran in a research report on Thursday, August 13th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Safran in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Safran currently has an average rating of “Moderate Buy”.
Get Our Latest Report on SAFRY
Safran Trading Up 0.3%
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’s fifty day moving average price is $93.98 and its 200-day moving average price is $91.74.
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.
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