StandardAero (NYSE:SARO) Earns Outperform Rating from Analysts at Royal Bank of Canada

Royal Bank of Canada started coverage on shares of StandardAero (NYSE:SARO) in a research note published on Monday, Marketbeat reports. The firm issued an outperform rating and a $37.00 price target on the stock.

Other equities research analysts have also recently issued reports about the company. Jefferies Financial Group started coverage on StandardAero in a report on Monday. They issued a “buy” rating and a $38.00 price objective on the stock. Bank of America began coverage on StandardAero in a research note on Monday. They issued a “neutral” rating and a $34.00 price target on the stock. Wolfe Research began coverage on StandardAero in a research report on Monday. They set an “outperform” rating and a $34.00 price target for the company. Finally, Morgan Stanley initiated coverage on StandardAero in a report on Monday. They issued an “equal weight” rating and a $33.00 price objective on the stock. Three 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’s stock. Based on data from MarketBeat, StandardAero has a consensus rating of “Moderate Buy” and a consensus target price of $35.89.

StandardAero Trading Up 0.7 %

Shares of NYSE SARO opened at $29.39 on Monday. StandardAero has a 52-week low of $28.41 and a 52-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 firm’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 completion of the sale, the insider now directly owns 47,447,058 shares in the company, valued at approximately $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 accessible through this link.

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.