Brokerages Set StandardAero, Inc. (NYSE:SARO) PT at $35.67

StandardAero, Inc. (NYSE:SAROGet Free Report) has received an average rating of “Moderate Buy” from the ten analysts that are presently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $35.67.

SARO has been the subject of several recent research reports. Morgan Stanley assumed coverage on shares of StandardAero in a research report on Monday, October 28th. They set an “equal weight” rating and a $33.00 target price for the company. Sanford C. Bernstein began coverage on StandardAero in a report on Monday, October 28th. They issued an “outperform” rating and a $39.00 price objective for the company. Wolfe Research assumed coverage on StandardAero in a report on Monday, October 28th. They set an “outperform” rating and a $34.00 target price on the stock. Royal Bank of Canada started coverage on StandardAero in a research note on Monday, October 28th. They issued an “outperform” rating and a $37.00 price target for the company. Finally, Bank of America reduced their price objective on shares of StandardAero from $34.00 to $32.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 27th.

Read Our Latest Analysis on StandardAero

StandardAero Stock Up 4.2 %

SARO opened at $26.07 on Tuesday. The business’s 50 day simple moving average is $28.84. StandardAero has a fifty-two week low of $24.55 and a fifty-two week high of $34.38.

Insiders Place Their Bets

In related news, major shareholder Private Ltd Gic sold 2,900,552 shares of the company’s stock in a transaction 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 directly owns 47,447,058 shares of the company’s stock, valued at approximately $1,078,946,098.92. This represents a 5.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

StandardAero Company Profile

(Get Free Report

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.

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Analyst Recommendations for StandardAero (NYSE:SARO)

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