StandardAero, Inc. (NYSE:SARO) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of StandardAero, Inc. (NYSE:SARO) have been assigned an average rating of “Moderate Buy” from the ten brokerages that are presently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $35.67.

A number of research firms recently weighed in on SARO. CIBC began coverage on shares of StandardAero in a research note on Monday, October 28th. They issued a “sector outperform” rating and a $38.00 target price on the stock. Jefferies Financial Group assumed coverage on StandardAero in a research note on Monday, October 28th. They issued a “buy” rating and a $38.00 price objective on the stock. Cibc World Mkts upgraded StandardAero to a “strong-buy” rating in a research report on Monday, October 28th. Royal Bank of Canada started coverage on StandardAero in a research report on Monday, October 28th. They issued an “outperform” rating and a $37.00 price target on the stock. Finally, Bank of America cut their price objective on StandardAero from $34.00 to $32.00 and set a “neutral” rating for the company in a report on Wednesday, November 27th.

StandardAero Stock Up 4.2 %

NYSE SARO opened at $26.07 on Tuesday. StandardAero has a 1 year low of $24.55 and a 1 year high of $34.38. The business’s fifty day moving average price is $28.84.

Insiders Place Their Bets

In related news, major shareholder Private Ltd Gic sold 2,900,552 shares of the business’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 value of $65,958,552.48. Following the completion of the transaction, the insider now owns 47,447,058 shares in the company, valued at $1,078,946,098.92. The trade was a 5.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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.