StandardAero (NYSE:SARO) Now Covered by Wolfe Research

Equities research analysts at Wolfe Research assumed coverage on shares of StandardAero (NYSE:SARO) in a research note issued on Monday, MarketBeat Ratings reports. The brokerage set an “outperform” rating and a $34.00 price target on the stock. Wolfe Research’s price target would suggest a potential upside of 16.44% from the stock’s current price.

Separately, Bank of America assumed coverage on shares of StandardAero in a research note on Monday. They set a “neutral” rating and a $34.00 price target on the stock. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, StandardAero has a consensus rating of “Moderate Buy” and a consensus target price of $35.89.

StandardAero Price Performance

NYSE SARO opened at $29.20 on Monday. StandardAero has a one year low of $28.41 and a one year high of $34.38.

Insider Transactions at StandardAero

In other StandardAero 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 value of $65,958,552.48. Following the completion of the transaction, the insider now directly owns 47,447,058 shares in the company, valued at $1,078,946,098.92. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

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.