Brokerages Set StandardAero, Inc. (NYSE:SARO) PT at $35.63

Shares of StandardAero, Inc. (NYSE:SARO) have received an average recommendation of “Moderate Buy” from the ten research firms that are presently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $35.89.

Several analysts have issued reports on the company. Jefferies Financial Group assumed coverage on StandardAero in a report on Monday. They set a “buy” rating and a $38.00 price target for the company. Sanford C. Bernstein assumed coverage on StandardAero in a report on Monday. They set an “outperform” rating and a $39.00 price target for the company. Bank of America began coverage on StandardAero in a report on Monday. They set a “neutral” rating and a $34.00 price target for the company. CIBC began coverage on shares of StandardAero in a research report on Monday. They set a “sector outperform” rating and a $38.00 price objective on the stock. Finally, Cibc World Mkts raised shares of StandardAero to a “strong-buy” rating in a report on Monday.

Insider Buying and Selling

In related news, major shareholder Private Ltd Gic sold 2,900,552 shares of the firm’s stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $22.74, for a total value 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 $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 Securities & Exchange Commission, which is available through this hyperlink.

StandardAero Price Performance

StandardAero stock opened at $29.39 on Monday. StandardAero has a one year low of $28.41 and a one year 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.