Jefferies analyst Chloe Lemaire maintained a Buy rating on SAFRAN SA today and set a price target of €350.00.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Chloe Lemaire’s rating is based on several positive indicators for SAFRAN SA. The company’s third-quarter sales exceeded expectations by 3%, primarily driven by strong performance in the Propulsion segment, which outperformed consensus estimates by 6%. Additionally, the aftermarket for Propulsion showed significant growth, with Spares increasing by 16.1% and Services by 24.2% in the third quarter.
Moreover, SAFRAN SA has raised its guidance for adjusted EBIT to a range of €5.1-5.2 billion, aligning with consensus expectations despite facing a tariff impact of €100-150 million. The company’s free cash flow forecast has also been upgraded to €3.5-3.7 billion, with consensus now at the lower end of this range at €3,519 million. These factors collectively contribute to Chloe Lemaire’s Buy rating for the stock.
In another report released yesterday, RBC Capital also maintained a Buy rating on the stock with a €340.00 price target.
Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of 0IU8 in relation to earlier this year.