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

Shares of StandardAero, Inc. (NYSE:SARO) have been assigned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are currently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $35.89.

SARO has been the topic of a number of recent research reports. Royal Bank of Canada initiated coverage on shares of StandardAero in a research note on Monday, October 28th. They issued an “outperform” rating and a $37.00 price objective on the stock. Sanford C. Bernstein started coverage on StandardAero in a research note on Monday, October 28th. They issued an “outperform” rating and a $39.00 price objective for the company. JPMorgan Chase & Co. initiated coverage on StandardAero in a research report on Monday, October 28th. They set an “overweight” rating and a $36.00 target price on the stock. Wolfe Research began coverage on StandardAero in a report on Monday, October 28th. They set an “outperform” rating and a $34.00 price target for the company. Finally, UBS Group started coverage on StandardAero in a research note on Monday, October 28th. They set a “neutral” rating and a $34.00 price objective on the stock.

Insider Transactions at StandardAero

In related news, major shareholder Private Ltd Gic sold 2,900,552 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now owns 47,447,058 shares in the company, valued at approximately $1,078,946,098.92. This represents a 5.76 % 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 Stock Performance

NYSE SARO opened at $29.00 on Friday. StandardAero has a 12-month low of $26.78 and a 12-month high of $34.38.

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.