StandardAero (NYSE:SARO) Hits New 1-Year Low – Time to Sell?

StandardAero, Inc. (NYSE:SARO)’s stock price reached a new 52-week low during trading on Wednesday . The stock traded as low as $22.80 and last traded at $23.08, with a volume of 3527881 shares changing hands. The stock had previously closed at $23.80.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Sanford C. Bernstein started coverage on StandardAero in a research report on Monday, October 28th. They set an “outperform” rating and a $39.00 price target on the stock. Jefferies Financial Group started coverage on StandardAero in a report on Monday, October 28th. They set a “buy” rating and a $38.00 target price 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 shares of StandardAero in a research note on Monday, October 28th. They set an “outperform” rating and a $34.00 price objective on the stock. Finally, Morgan Stanley started coverage on shares of StandardAero in a research note on Monday, October 28th. They issued an “equal weight” rating and a $33.00 target price for the company. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, StandardAero presently has a consensus rating of “Moderate Buy” and an average target price of $35.67.

StandardAero Price Performance

The company’s 50-day moving average is $27.29.

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.