StandardAero, Inc. (NYSE:SARO) Receives $35.63 Consensus Price Target from Brokerages

StandardAero, Inc. (NYSE:SARO) has been assigned an average rating of “Moderate Buy” from the ten brokerages that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $35.89.

SARO has been the topic of a number of research analyst reports. Royal Bank of Canada initiated coverage on StandardAero in a research report on Monday, October 28th. They set an “outperform” rating and a $37.00 target price on the stock. JPMorgan Chase & Co. initiated coverage on StandardAero in a research report on Monday, October 28th. They set an “overweight” rating and a $36.00 target price on the stock. UBS Group initiated coverage on StandardAero in a research report on Monday, October 28th. They set a “neutral” rating and a $34.00 target price on the stock. Bank of America initiated coverage on StandardAero in a research report on Monday, October 28th. They set a “neutral” rating and a $34.00 target price on the stock. Finally, Sanford C. Bernstein initiated coverage on StandardAero in a research report on Monday, October 28th. They set an “outperform” rating and a $39.00 target price on the stock.

Insider Transactions at StandardAero

In related news, major shareholder Private Ltd Gic sold 2,900,552 shares of StandardAero stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $22.74, for a total value of $65,958,552.48. Following the transaction, the insider now directly owns 47,447,058 shares in the company, valued at $1,078,946,098.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

StandardAero Stock Down 1.2 %

StandardAero stock opened at $28.50 on Monday. StandardAero has a 1-year low of $28.41 and a 1-year high of $34.38.

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.