StandardAero (NYSE:SARO) Coverage Initiated by Analysts at CIBC

Equities research analysts at CIBC started coverage on shares of StandardAero (NYSE:SARO - Get Free Report) in a research note issued to investors on Monday, Marketbeat.com reports. The firm set a "sector outperform" rating and a $38.00 price target on the stock. CIBC's price target would indicate a potential upside of 27.69% from the company's current price.

A number of other equities analysts have also recently commented on SARO. Sanford C. Bernstein started coverage on StandardAero in a report on Monday. They issued an "outperform" rating and a $39.00 target price for the company. Bank of America began coverage on shares of StandardAero in a research note on Monday. They set a "neutral" rating and a $34.00 price objective for the company. Royal Bank of Canada initiated coverage on shares of StandardAero in a research note on Monday. They issued an "outperform" rating and a $37.00 target price on the stock. 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. Finally, Morgan Stanley assumed coverage on shares of StandardAero in a research note on Monday. They issued an "equal weight" rating and a $33.00 price objective for the company. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $35.89.

StandardAero Stock Down 1.6 %

StandardAero stock traded down $0.49 during mid-day trading on Monday, reaching $29.76. 1,773,266 shares of the company's stock traded hands, compared to its average volume of 1,888,881. StandardAero has a 12-month low of $29.27 and a 12-month high of $34.38.

Insider Activity

In other StandardAero news, major shareholder Private Ltd Gic sold 2,900,552 shares of the firm's stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $22.74, for a total transaction of $65,958,552.48. Following the transaction, the insider now directly owns 47,447,058 shares in the company, valued at $1,078,946,098.92. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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.