StandardAero (NYSE:SARO) Research Coverage Started at Jefferies Financial Group

Jefferies Financial Group started coverage on shares of StandardAero (NYSE:SARO) in a report published on Monday morning, MarketBeat Ratings reports. The brokerage issued a buy rating and a $38.00 price target on the stock.

A number of other research firms have also commented on SARO. Wolfe Research initiated coverage on StandardAero in a report on Monday. They issued an “outperform” rating and a $34.00 price target for the company. Bank of America started coverage on StandardAero in a research note on Monday. They issued a “neutral” rating and a $34.00 target price for the company. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $35.89.

StandardAero Trading Up 0.7 %

SARO opened at $29.39 on Monday. StandardAero has a 12 month low of $28.41 and a 12 month high of $34.38.

Insiders Place Their Bets

In other StandardAero news, major shareholder Private Ltd Gic sold 2,900,552 shares of the firm’s stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $22.74, for a total transaction of $65,958,552.48. Following the sale, the insider now owns 47,447,058 shares in the company, valued at $1,078,946,098.92. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

StandardAero Company Profile

StandardAero, Inc provides aerospace engine aftermarket services for fixed and rotary wing aircraft in the United States, Canada, the United Kingdom, Rest of Europe, Asia, and internationally. It operates in two segments, Engine Services and Component Repair Services. The Engine Services segment provides a suite of aftermarket services, including maintenance, repair and overhaul, on-wing and field service support, asset management, and engineering and related solutions to customers in the commercial aerospace, military and helicopter, and business aviation end markets.