StandardAero (NYSE:SARO) Coverage Initiated at Morgan Stanley

Equities researchers at Morgan Stanley assumed coverage on shares of StandardAero (NYSE:SARO) in a report released on Monday, Briefing.com reports. The firm set an “equal weight” rating and a $33.00 price target on the stock. Morgan Stanley’s price objective would suggest a potential upside of 9.09% from the stock’s current price.

SARO has been the topic of several other research reports. Jefferies Financial Group assumed coverage on shares of StandardAero in a research report on Monday. They set a “buy” rating and a $38.00 price objective on the stock. Bank of America assumed coverage on shares of StandardAero in a research report on Monday. They set a “neutral” rating and a $34.00 price objective on the stock. Finally, Wolfe Research began coverage on shares of StandardAero in a research report on Monday. They set an “outperform” rating and a $34.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, StandardAero currently has an average rating of “Moderate Buy” and a consensus price target of $35.63.

StandardAero Stock Performance

Shares of SARO opened at $30.25 on Monday. StandardAero has a twelve month low of $30.00 and a twelve month high of $34.38.

Insider Buying and Selling at StandardAero

In other StandardAero news, major shareholder Private Ltd Gic sold 2,900,552 shares of the stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $22.74, for a total transaction of $65,958,552.48. Following the transaction, the insider now owns 47,447,058 shares in the company, valued at $1,078,946,098.92. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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.