StandardAero (NYSE:SARO - Free Report) had its price target trimmed by Morgan Stanley from $33.00 to $32.00 in a report issued on Friday morning,Benzinga reports. The brokerage currently has an equal weight rating on the stock.
SARO has been the topic of a number of other research reports. Bank of America decreased their target price 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. UBS Group raised their target price on shares of StandardAero from $27.00 to $28.00 and gave the stock a "neutral" rating in a research report on Tuesday, March 11th. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $34.89.
Check Out Our Latest Analysis on StandardAero
StandardAero Price Performance
Shares of NYSE SARO traded down $0.17 on Friday, hitting $28.73. The company's stock had a trading volume of 1,295,310 shares, compared to its average volume of 1,690,834. StandardAero has a 12-month low of $22.50 and a 12-month high of $34.38. The company has a 50 day simple moving average of $26.37.
StandardAero (NYSE:SARO - Get Free Report) last announced its quarterly earnings results on Monday, March 10th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.20). The business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.37 billion. The company's quarterly revenue was up 21.8% on a year-over-year basis. On average, analysts forecast that StandardAero will post 0.29 EPS for the current fiscal year.
Hedge Funds Weigh In On StandardAero
A number of large investors have recently bought and sold shares of the stock. Bessemer Group Inc. purchased a new position in StandardAero during the fourth quarter worth approximately $28,000. R Squared Ltd purchased a new position in StandardAero during the fourth quarter worth approximately $39,000. MetLife Investment Management LLC purchased a new position in StandardAero during the fourth quarter worth approximately $54,000. PNC Financial Services Group Inc. purchased a new position in StandardAero during the fourth quarter worth approximately $62,000. Finally, Sterling Capital Management LLC purchased a new position in StandardAero during the fourth quarter worth approximately $78,000.
About StandardAero
(
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.
See Also

Before you consider StandardAero, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and StandardAero wasn't on the list.
While StandardAero currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the next wave of investment opportunities with our report, 7 Stocks That Will Be Magnificent in 2025. Explore companies poised to replicate the growth, innovation, and value creation of the tech giants dominating today's markets.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.