StandardAero (NYSE:SARO) Price Target Cut to $32.00 by Analysts at Bank of America

StandardAero (NYSE:SARO) had its target price reduced by investment analysts at Bank of America from $34.00 to $32.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Bank of America‘s target price suggests a potential upside of 8.95% from the stock’s previous close.

Several other equities research analysts also recently issued reports on SARO. Cibc World Mkts raised StandardAero to a “strong-buy” rating in a report on Monday, October 28th. Jefferies Financial Group began coverage on shares of StandardAero in a research note on Monday, October 28th. They set a “buy” rating and a $38.00 target price for the company. UBS Group began coverage on shares of StandardAero in a research note on Monday, October 28th. They issued a “neutral” rating and a $34.00 price target on the stock. Wolfe Research initiated coverage on shares of StandardAero in a research report on Monday, October 28th. They set an “outperform” rating and a $34.00 price objective for the company. Finally, Sanford C. Bernstein began coverage on StandardAero in a research report on Monday, October 28th. They issued an “outperform” rating and a $39.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, StandardAero presently has a consensus rating of “Moderate Buy” and an average target price of $35.67.

StandardAero Stock Up 0.4 %

SARO opened at $29.37 on Wednesday. StandardAero has a 12-month low of $26.78 and a 12-month high of $34.38.

Insider Transactions at StandardAero

In related news, major shareholder Private Ltd Gic sold 2,900,552 shares of the business’s stock in a transaction dated Thursday, October 3rd. The stock was 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 owns 47,447,058 shares of the company’s stock, valued at $1,078,946,098.92. The trade was a 5.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

About StandardAero

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.