Safran (EPA:SAF) has been assigned a €137.00 ($159.30) target price by equities research analysts at Goldman Sachs Group in a note issued to investors on Monday. The firm presently has a “buy” rating on the stock.
Other analysts have also recently issued research reports about the company. JPMorgan Chase & Co. set a €115.00 ($133.72) target price on Safran and gave the stock a “neutral” rating in a report on Wednesday, February 27th. Deutsche Bank set a €133.00 ($154.65) target price on Safran and gave the stock a “buy” rating in a report on Tuesday, December 4th. UBS Group set a €121.50 ($141.28) target price on Safran and gave the stock a “neutral” rating in a report on Thursday, January 31st. Credit Suisse Group set a €95.00 ($110.47) target price on Safran and gave the stock a “sell” rating in a report on Tuesday, January 15th. Finally, Bank of America set a €136.00 ($158.14) target price on Safran and gave the stock a “buy” rating in a report on Wednesday, February 27th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. Safran presently has an average rating of “Hold” and an average target price of €126.05 ($146.57).
Safran has a 1-year low of €67.17 ($78.10) and a 1-year high of €92.36 ($107.40).
An institutional investor recently raised its position in Safran stock. Tesuji Partners LLC increased its position in shares of Safran SA (EPA:SAF) by 285.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 675,000 shares of the company’s stock after acquiring an additional 500,000 shares during the quarter. Safran comprises about 5.5% of Tesuji Partners LLC’s investment portfolio, making the stock its 7th largest position. Tesuji Partners LLC’s holdings in Safran were worth $94,577,000 at the end of the most recent reporting period.
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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