StandardAero, Inc. (NYSE:SARO) Receives $35.89 Average PT from Analysts

Shares of StandardAero, Inc. (NYSE:SARO) have been assigned an average recommendation of “Moderate Buy” from the ten brokerages that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $35.67.

Several research analysts have recently commented on the company. Sanford C. Bernstein initiated coverage on StandardAero in a research report on Monday, October 28th. They issued an “outperform” rating and a $39.00 price target for the company. Cibc World Mkts raised shares of StandardAero to a “strong-buy” rating in a research report on Monday, October 28th. 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. Jefferies Financial Group started coverage on StandardAero in a research note on Monday, October 28th. They set a “buy” rating and a $38.00 target price on the stock. Finally, Royal Bank of Canada assumed coverage on shares of StandardAero in a report on Monday, October 28th. They set an “outperform” rating and a $37.00 price objective on the stock.

StandardAero Stock Down 3.0 %

NYSE SARO opened at $28.50 on Friday. StandardAero has a 52-week low of $26.78 and a 52-week high of $34.38.

Insider Buying and Selling at StandardAero

In other news, major shareholder Private Ltd Gic sold 2,900,552 shares of the firm’s stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $22.74, for a total transaction of $65,958,552.48. Following the completion of the sale, the insider now owns 47,447,058 shares in the company, valued at $1,078,946,098.92. This trade represents a 5.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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.