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

Shares of StandardAero, Inc. (NYSE:SARO - Get Free Report) have been assigned an average rating of "Moderate Buy" from the ten analysts that are currently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $35.67.

SARO has been the topic of a number of recent research reports. Royal Bank of Canada initiated coverage on StandardAero in a research note on Monday, October 28th. They issued an "outperform" rating and a $37.00 target price on the stock. Bank of America decreased their price objective on StandardAero from $34.00 to $32.00 and set a "neutral" rating on the stock in a research note on Wednesday, November 27th. CIBC began coverage on shares of StandardAero in a research note on Monday, October 28th. They issued a "sector outperform" rating and a $38.00 target price for the company. Wolfe Research assumed coverage on shares of StandardAero in a report on Monday, October 28th. They issued an "outperform" rating and a $34.00 target price on the stock. Finally, UBS Group began coverage on shares of StandardAero in a report on Monday, October 28th. They set a "neutral" rating and a $34.00 price target for the company.

StandardAero Trading Down 2.9 %

SARO traded down $0.76 during midday trading on Tuesday, reaching $25.43. 1,338,357 shares of the company's stock were exchanged, compared to its average volume of 1,406,733. StandardAero has a 1-year low of $25.43 and a 1-year high of $34.38. The company's 50-day moving average price is $29.37.

Insider Buying and Selling

In other news, major shareholder Private Ltd Gic sold 2,900,552 shares of the company'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 completion of the sale, the insider now directly owns 47,447,058 shares in the company, valued at $1,078,946,098.92. This represents a 5.76 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

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.