StandardAero (NYSE:SARO - Get Free Report) was upgraded by research analysts at Cibc World Mkts to a "strong-buy" rating in a research note issued on Monday, Zacks.com reports.
Several other research firms have also weighed in on SARO. JPMorgan Chase & Co. initiated coverage on StandardAero in a research note on Monday. They issued an "overweight" rating and a $36.00 price objective on the stock. CIBC assumed coverage on StandardAero in a research note on Monday. They issued a "sector outperform" rating and a $38.00 price target for the company. Bank of America began coverage on StandardAero in a research report on Monday. They set a "neutral" rating and a $34.00 price objective on the stock. Wolfe Research began coverage on StandardAero in a report on Monday. They issued an "outperform" rating and a $34.00 target price for the company. Finally, Morgan Stanley assumed coverage on shares of StandardAero in a report on Monday. They issued an "equal weight" rating and a $33.00 price objective for the company. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $35.89.
Check Out Our Latest Stock Analysis on StandardAero
StandardAero Stock Up 0.7 %
NYSE:SARO traded up $0.19 during trading hours on Monday, hitting $29.39. The company's stock had a trading volume of 429,376 shares, compared to its average volume of 1,838,424. StandardAero has a twelve month low of $28.41 and a twelve month high of $34.38.
Insider Activity
In related news, major shareholder Private Ltd Gic sold 2,900,552 shares of the business's stock in a transaction 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 transaction, the insider now owns 47,447,058 shares in the company, valued at $1,078,946,098.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
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.
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