StandardAero, Inc. (NYSE:SARO) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of StandardAero, Inc. (NYSE:SARO) have been assigned a consensus recommendation of “Moderate Buy” from the ten analysts that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $35.67.

Several research firms have recently commented on SARO. Morgan Stanley assumed coverage on StandardAero in a research report on Monday, October 28th. They set an “equal weight” rating and a $33.00 price target for the company. UBS Group initiated coverage on StandardAero in a report on Monday, October 28th. They set a “neutral” rating and a $34.00 target price for the company. Royal Bank of Canada assumed coverage on shares of StandardAero in a research note on Monday, October 28th. They set an “outperform” rating and a $37.00 price target on the stock. CIBC assumed coverage on shares of StandardAero in a research note on Monday, October 28th. They issued a “sector outperform” rating and a $38.00 price objective for the company. Finally, Cibc World Mkts raised shares of StandardAero to a “strong-buy” rating in a research note on Monday, October 28th.

Insider Activity at StandardAero

In other StandardAero news, major shareholder Private Ltd Gic sold 2,900,552 shares of the firm’s stock in a transaction on 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 directly owns 47,447,058 shares of the company’s stock, valued at approximately $1,078,946,098.92. This trade represents a 5.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

StandardAero Price Performance

NYSE SARO opened at $26.22 on Tuesday. The business’s fifty day simple moving average is $29.37. StandardAero has a twelve month low of $25.49 and a twelve month 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.