JPMorgan Chase & Co. Initiates Coverage on StandardAero (NYSE:SARO)

JPMorgan Chase & Co. started coverage on shares of StandardAero (NYSE:SARO) in a note issued to investors on Monday, Marketbeat reports. The firm set an “overweight” rating and a $36.00 price target on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 23.29% from the stock’s previous close.

SARO has been the subject of several other research reports. Morgan Stanley started coverage on shares of StandardAero in a research report on Monday. They issued an “equal weight” rating and a $33.00 price objective for the company. Royal Bank of Canada initiated coverage on shares of StandardAero in a report on Monday. They set an “outperform” rating and a $37.00 price objective for the company. Jefferies Financial Group began coverage on shares of StandardAero in a report on Monday. They set a “buy” rating and a $38.00 price objective for the company. UBS Group began coverage on shares of StandardAero in a research report on Monday. They issued a “neutral” rating and a $34.00 price target on the stock. Finally, Bank of America started coverage on shares of StandardAero in a research report on Monday. They issued a “neutral” rating and a $34.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, StandardAero has an average rating of “Moderate Buy” and an average price target of $35.89.

StandardAero Stock Down 1.7 %

NYSE:SARO opened at $29.20 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 related news, major shareholder Private Ltd Gic sold 2,900,552 shares of the company’s stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $22.74, for a total transaction of $65,958,552.48. Following the transaction, the insider now owns 47,447,058 shares in the company, valued at $1,078,946,098.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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.