StandardAero (NYSE:SARO) Coverage Initiated at CIBC

CIBC initiated coverage on shares of StandardAero (NYSE:SARO) in a research report report published on Monday morning, MarketBeat reports. The brokerage issued a sector outperform rating and a $38.00 price target on the stock.

Other analysts have also recently issued research reports about the stock. Bank of America assumed coverage on shares of StandardAero in a research report on Monday. They set a “neutral” rating and a $34.00 target price for the company. Sanford C. Bernstein started coverage on StandardAero in a report on Monday. They set an “outperform” rating and a $39.00 target price on the stock. UBS Group assumed coverage on StandardAero in a research report on Monday. They set a “neutral” rating and a $34.00 target price for the company. Morgan Stanley assumed coverage on shares of StandardAero in a research report on Monday. They issued an “equal weight” rating and a $33.00 price target on the stock. Finally, Wolfe Research initiated coverage on shares of StandardAero in a report on Monday. They set an “outperform” rating and a $34.00 price objective for the company. Three 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 data from MarketBeat.com, StandardAero presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.89.

StandardAero Stock Down 1.8 %

SARO opened at $28.85 on Monday. StandardAero has a fifty-two week low of $28.41 and a fifty-two week high of $34.38.

Insider Buying and Selling at StandardAero

In other news, major shareholder Private Ltd Gic sold 2,900,552 shares of StandardAero stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $22.74, for a total value of $65,958,552.48. Following the sale, the insider now directly 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 Securities & Exchange Commission, which is available at the SEC website.

About StandardAero

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.