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

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

A number of research analysts have weighed in on the stock. Wolfe Research initiated coverage on shares of StandardAero in a research note on Monday, October 28th. They issued an “outperform” rating and a $34.00 price objective on the stock. Bank of America dropped their price target on shares of StandardAero from $34.00 to $32.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 27th. Morgan Stanley assumed coverage on StandardAero in a report on Monday, October 28th. They set an “equal weight” rating and a $33.00 price objective for the company. Jefferies Financial Group began coverage on StandardAero in a report on Monday, October 28th. They issued a “buy” rating and a $38.00 target price on the stock. Finally, UBS Group assumed coverage on StandardAero in a report on Monday, October 28th. They set a “neutral” rating and a $34.00 price target for the company.

StandardAero Trading Up 3.3 %

Shares of SARO opened at $24.60 on Friday. The stock has a fifty day moving average price of $26.40. StandardAero has a 12-month low of $22.50 and a 12-month high of $34.38.

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.