StandardAero, Inc. (NYSE:SARO) Given Average Rating of “Moderate Buy” by Brokerages

Shares of StandardAero, Inc. (NYSE:SARO) have received a consensus recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $34.89.

Several equities research analysts have issued reports on the company. Bank of America dropped their price objective on StandardAero from $34.00 to $32.00 and set a “neutral” rating on the stock in a report on Wednesday, November 27th. UBS Group boosted their price target on StandardAero from $27.00 to $28.00 and gave the company a “neutral” rating in a report on Tuesday, March 11th. Finally, Morgan Stanley lowered their price target on StandardAero from $33.00 to $32.00 and set an “equal weight” rating for the company in a report on Friday.

StandardAero Trading Down 1.3 %

SARO stock opened at $28.60 on Tuesday. StandardAero has a 52-week low of $22.50 and a 52-week high of $34.38. The business’s 50 day simple moving average is $26.27.

StandardAero (NYSE:SARO) last posted its quarterly earnings data on Monday, March 10th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.20). The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.37 billion. The company’s quarterly revenue was up 21.8% compared to the same quarter last year. On average, equities analysts forecast that StandardAero will post 0.29 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in SARO. Bessemer Group Inc. acquired a new stake in shares of StandardAero in the fourth quarter valued at $28,000. R Squared Ltd acquired a new stake in shares of StandardAero in the fourth quarter valued at $39,000. MetLife Investment Management LLC acquired a new stake in shares of StandardAero in the fourth quarter valued at $54,000. PNC Financial Services Group Inc. acquired a new stake in shares of StandardAero in the fourth quarter valued at $62,000. Finally, Sterling Capital Management LLC acquired a new stake in shares of StandardAero in the fourth quarter valued at $78,000.

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.