StandardAero, Inc. (NYSE:SARO) Given Consensus Rating of "Moderate Buy" by Brokerages

Shares of StandardAero, Inc. (NYSE:SARO - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the ten analysts that are presently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $35.89.

A number of research analysts have recently issued reports on SARO shares. JPMorgan Chase & Co. assumed coverage on shares of StandardAero in a research note on Monday, October 28th. They issued an "overweight" rating and a $36.00 target price for the company. UBS Group initiated coverage on shares of StandardAero in a research report on Monday, October 28th. They set a "neutral" rating and a $34.00 price objective for the company. Morgan Stanley initiated coverage on shares of StandardAero in a report on Monday, October 28th. They set an "equal weight" rating and a $33.00 target price on the stock. Bank of America initiated coverage on shares of StandardAero in a research report on Monday, October 28th. They issued a "neutral" rating and a $34.00 target price on the stock. Finally, Wolfe Research assumed coverage on shares of StandardAero in a report on Monday, October 28th. They set an "outperform" rating and a $34.00 price objective on the stock.

StandardAero Stock Performance

NYSE SARO traded down $0.57 during trading on Friday, hitting $28.31. 1,053,318 shares of the company traded hands, compared to its average volume of 1,544,917. StandardAero has a 12 month low of $26.78 and a 12 month high of $34.38.

Insider Activity

In related news, major shareholder Private Ltd Gic sold 2,900,552 shares of the stock in a transaction on Thursday, October 3rd. The stock was 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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.