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

Shares of StandardAero, Inc. (NYSE:SARO) have earned an average rating of “Moderate Buy” from the ten research firms that are currently covering the stock, MarketBeat Ratings reports. Three 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 1-year price objective among brokers that have covered the stock in the last year is $35.67.

A number of analysts recently commented on the stock. Morgan Stanley began coverage on shares of StandardAero in a research note on Monday, October 28th. They set an “equal weight” rating and a $33.00 price target on the stock. Cibc World Mkts raised StandardAero to a “strong-buy” rating in a report on Monday, October 28th. Wolfe Research began coverage on StandardAero in a research note on Monday, October 28th. They set an “outperform” rating and a $34.00 price objective on the stock. Jefferies Financial Group began coverage on StandardAero in a research note on Monday, October 28th. They issued a “buy” rating and a $38.00 target price for the company. Finally, CIBC initiated coverage on StandardAero in a research report on Monday, October 28th. They set a “sector outperform” rating and a $38.00 price target 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 on 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 transaction, the insider now directly owns 47,447,058 shares in the company, valued at approximately $1,078,946,098.92. The trade was a 5.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

StandardAero Trading Down 2.6 %

NYSE SARO opened at $25.40 on Tuesday. StandardAero has a 52 week low of $24.55 and a 52 week high of $34.38. The firm’s 50-day simple moving average is $28.71.

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.