StandardAero, Inc. (NYSE:SARO) Receives $35.89 Average Price Target from Brokerages

StandardAero, Inc. (NYSE:SARO) has been given an average rating of “Moderate Buy” by the ten ratings firms that are presently covering the company, MarketBeat.com reports. Three investment 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 target price among analysts that have issued ratings on the stock in the last year is $35.89.

A number of equities analysts have recently commented on SARO shares. Wolfe Research started coverage on StandardAero in a report on Monday, October 28th. They issued an “outperform” rating and a $34.00 target price for the company. Cibc World Mkts upgraded StandardAero to a “strong-buy” rating in a report on Monday, October 28th. Jefferies Financial Group started coverage on StandardAero in a report on Monday, October 28th. They set a “buy” rating and a $38.00 price objective for the company. CIBC started coverage on StandardAero in a report on Monday, October 28th. They set a “sector outperform” rating and a $38.00 price objective for the company. Finally, UBS Group started coverage on StandardAero in a report on Monday, October 28th. They set a “neutral” rating and a $34.00 price objective for the company.

StandardAero Stock Up 0.4 %

Shares of StandardAero stock opened at $29.37 on Friday. StandardAero has a one year low of $26.78 and a one year high of $34.38.

Insiders Place Their Bets

In other StandardAero news, major shareholder Private Ltd Gic sold 2,900,552 shares of the company’s stock in a transaction on 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 sale, the insider now directly owns 47,447,058 shares in the company, valued at approximately $1,078,946,098.92. This represents a 5.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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.