Shares of StandardAero, Inc. (NYSE:SARO - Get Free Report) have received a consensus rating of "Moderate Buy" from the nine research firms that are currently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $35.89.
A number of equities analysts recently issued reports on the stock. Royal Bank of Canada assumed coverage on shares of StandardAero in a report on Monday. They issued an "outperform" rating and a $37.00 price objective on the stock. UBS Group assumed coverage on shares of StandardAero in a report on Monday. They issued a "neutral" rating and a $34.00 price objective on the stock. Sanford C. Bernstein assumed coverage on shares of StandardAero in a report on Monday. They issued an "outperform" rating and a $39.00 price objective on the stock. Morgan Stanley started coverage on shares of StandardAero in a report on Monday. They issued an "equal weight" rating and a $33.00 price objective on the stock. Finally, JPMorgan Chase & Co. started coverage on shares of StandardAero in a report on Monday. They set an "overweight" rating and a $36.00 price target on the stock.
View Our Latest Report on SARO
Insider Activity
In other news, major shareholder Private Ltd Gic sold 2,900,552 shares of StandardAero stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $22.74, for a total transaction of $65,958,552.48. Following the sale, the insider now owns 47,447,058 shares in the company, valued at $1,078,946,098.92. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
StandardAero Stock Down 1.6 %
Shares of NYSE SARO traded down $0.49 during trading on Monday, reaching $29.76. 1,773,266 shares of the company traded hands, compared to its average volume of 1,888,881. StandardAero has a 52-week low of $29.27 and a 52-week high of $34.38.
About StandardAero
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Get Free ReportStandardAero, 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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