StandardAero, Inc. (NYSE:SARO) Receives Average Recommendation of “Moderate Buy” from Brokerages

StandardAero, Inc. (NYSE:SARO) has received a consensus rating of “Moderate Buy” from the ten research firms that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $35.89.

SARO has been the topic of several recent analyst reports. Morgan Stanley started coverage on StandardAero in a report on Monday, October 28th. They issued an “equal weight” rating and a $33.00 price target on the stock. Sanford C. Bernstein initiated coverage on shares of StandardAero in a research note on Monday, October 28th. They issued an “outperform” rating and a $39.00 target price on the stock. Bank of America began coverage on shares of StandardAero in a research note on Monday, October 28th. They issued a “neutral” rating and a $34.00 price target for the company. Wolfe Research assumed coverage on shares of StandardAero in a research report on Monday, October 28th. They set an “outperform” rating and a $34.00 price objective on the stock. Finally, Royal Bank of Canada initiated coverage on shares of StandardAero in a research report on Monday, October 28th. They issued an “outperform” rating and a $37.00 target price for the company.

Insiders Place Their Bets

In other news, major shareholder Private Ltd Gic sold 2,900,552 shares of the firm’s 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 transaction, the insider now owns 47,447,058 shares in the company, valued at approximately $1,078,946,098.92. This trade represents a 5.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

StandardAero Stock Performance

StandardAero stock opened at $29.00 on Friday. StandardAero has a fifty-two week low of $26.78 and a fifty-two week 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.