StandardAero, Inc. (NYSE:SARO) Receives $35.67 Average Target Price from Analysts

Shares of StandardAero, Inc. (NYSE:SARO) have received a consensus recommendation of “Moderate Buy” from the ten analysts that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $35.00.

A number of equities analysts recently weighed in on SARO shares. UBS Group lifted their price objective on shares of StandardAero from $27.00 to $28.00 and gave the company a “neutral” rating in a research report on Tuesday. Bank of America reduced their target price on StandardAero from $34.00 to $32.00 and set a “neutral” rating for the company in a report on Wednesday, November 27th.

StandardAero Stock Performance

NYSE:SARO opened at $28.79 on Tuesday. The firm has a fifty day moving average price of $26.09. StandardAero has a 1-year low of $22.50 and a 1-year high of $34.38.

StandardAero (NYSE:SARO) last posted its quarterly earnings data on Monday, March 10th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.20). The company had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.37 billion. The business’s revenue for the quarter was up 21.8% compared to the same quarter last year. Analysts forecast that StandardAero will post 0.29 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SARO. Bessemer Group Inc. acquired a new position in shares of StandardAero during the 4th quarter worth $28,000. R Squared Ltd acquired a new position in shares of StandardAero during the 4th quarter worth $39,000. MetLife Investment Management LLC acquired a new position in shares of StandardAero during the 4th quarter worth $54,000. PNC Financial Services Group Inc. acquired a new position in shares of StandardAero during the 4th quarter worth $62,000. Finally, Sterling Capital Management LLC acquired a new position in shares of StandardAero during the 4th quarter worth $78,000.

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.