Bank of America Cuts StandardAero (NYSE:SARO) Price Target to $27.00

StandardAero (NYSE:SARO) had its target price trimmed by Bank of America from $35.00 to $27.00 in a research note released on Thursday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

SARO has been the subject of several other reports. Guggenheim began coverage on StandardAero in a research note on Monday, September 14th. They issued a “neutral” rating for the company. Sanford C. Bernstein reiterated an “outperform” rating on shares of StandardAero in a research report on Monday, August 24th. Morgan Stanley set a $33.00 price target on StandardAero in a report on Monday, August 10th. UBS Group upped their price target on StandardAero from $35.00 to $36.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Finally, Weiss Ratings downgraded StandardAero from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, September 11th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, StandardAero has a consensus rating of “Moderate Buy” and a consensus target price of $34.75.

StandardAero Price Performance

Shares of NYSE:SARO opened at $22.32 on Thursday. The company has a quick ratio of 1.59, a current ratio of 2.13 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $7.39 billion, a PE ratio of 23.01 and a beta of 0.85. The firm’s 50 day moving average price is $26.51 and its 200-day moving average price is $26.74. StandardAero has a twelve month low of $22.29 and a twelve month high of $34.48.

StandardAero (NYSE:SARO) last announced its earnings results on Thursday, August 6th. The company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.08. The business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.59 billion. StandardAero had a net margin of 5.12% and a return on equity of 14.52%. The firm’s revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.20 earnings per share. StandardAero has set its FY 2026 guidance at 1.500-1.570 EPS. Equities research analysts expect that StandardAero will post 1.51 EPS for the current year.

Insider Activity at StandardAero

In other news, CEO Russell Ford sold 20,413 shares of the firm’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $30.56, for a total transaction of $623,821.28. Following the sale, the chief executive officer directly owned 295,573 shares in the company, valued at $9,032,710.88. This trade represents a 6.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders have sold 191,423 shares of company stock worth $5,847,760. 2.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On StandardAero

A number of institutional investors have recently bought and sold shares of SARO. Scholtz & Company LLC bought a new position in shares of StandardAero in the second quarter worth about $3,960,000. WINTON GROUP Ltd raised its stake in StandardAero by 19.0% during the 2nd quarter. WINTON GROUP Ltd now owns 113,814 shares of the company’s stock valued at $3,404,000 after purchasing an additional 18,206 shares during the period. NewEdge Advisors LLC raised its stake in StandardAero by 68.5% during the 2nd quarter. NewEdge Advisors LLC now owns 24,988 shares of the company’s stock valued at $747,000 after purchasing an additional 10,154 shares during the period. Arizona State Retirement System lifted its holdings in StandardAero by 12.4% in the 2nd quarter. Arizona State Retirement System now owns 60,870 shares of the company’s stock worth $1,821,000 after purchasing an additional 6,704 shares in the last quarter. Finally, Nykredit A S purchased a new position in StandardAero in the 2nd quarter worth approximately $65,000.

About StandardAero

StandardAero is an aviation maintenance, repair and overhaul (MRO) company that provides services for commercial, business and general aviation, military and government, and industrial aviation customers. Its offerings are designed to support the operation, reliability and service life of aircraft and aviation systems.

The company’s capabilities include maintenance, repair and overhaul services for aircraft engines, airframes, avionics and components. StandardAero also provides engine modifications, engine upgrades, engineering and technical services, parts support, and other specialized maintenance solutions for a range of aviation platforms.

StandardAero serves customers internationally through a network of facilities across North America, Europe and the Asia-Pacific region.