StandardAero (NYSE:SARO) Now Covered by JPMorgan Chase & Co.

Stock analysts at JPMorgan Chase & Co. assumed coverage on shares of StandardAero (NYSE:SARO) in a research note issued on Monday, MarketBeat Ratings reports. The firm set an “overweight” rating and a $36.00 price target on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 23.29% from the stock’s current price.

A number of other equities analysts also recently commented on SARO. Royal Bank of Canada assumed coverage on shares of StandardAero in a research note on Monday. They issued an “outperform” rating and a $37.00 price objective for the company. UBS Group initiated coverage on shares of StandardAero in a report on Monday. They set a “neutral” rating and a $34.00 price objective on the stock. Bank of America started coverage on StandardAero in a research report on Monday. They set a “neutral” rating and a $34.00 price target on the stock. Wolfe Research assumed coverage on StandardAero in a research report on Monday. They set an “outperform” rating and a $34.00 target price on the stock. Finally, Morgan Stanley initiated coverage on shares of StandardAero in a research note on Monday. They issued an “equal weight” rating and a $33.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $35.89.

StandardAero Trading Down 1.7 %

StandardAero stock opened at $29.20 on Monday. StandardAero has a fifty-two week low of $28.41 and a fifty-two week high of $34.38.

Insider Activity at StandardAero

In other news, major shareholder Private Ltd Gic sold 2,900,552 shares of the company’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 sale, the insider now directly owns 47,447,058 shares of the company’s stock, valued at approximately $1,078,946,098.92. This 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 accessible through this hyperlink.

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.