StandardAero, Inc. (NYSE:SARO) Receives $35.67 Consensus Target Price from Analysts

StandardAero, Inc. (NYSE:SARO - Get Free Report) has received a consensus rating of "Moderate Buy" from the ten ratings firms that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $35.67.

Several equities research analysts recently issued reports on SARO shares. UBS Group began coverage on StandardAero in a research note on Monday, October 28th. They issued a "neutral" rating and a $34.00 price objective for the company. Wolfe Research initiated coverage on shares of StandardAero in a research note on Monday, October 28th. They issued an "outperform" rating and a $34.00 price objective on the stock. 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 price target on the stock. JPMorgan Chase & Co. started coverage on StandardAero in a report on Monday, October 28th. They set an "overweight" rating and a $36.00 price objective for the company. Finally, Bank of America dropped their target price on StandardAero from $34.00 to $32.00 and set a "neutral" rating on the stock in a research report on Wednesday, November 27th.

StandardAero Trading Up 1.4 %

SARO stock traded up $0.38 during mid-day trading on Wednesday, reaching $27.43. 789,852 shares of the stock traded hands, compared to its average volume of 1,236,283. StandardAero has a 52-week low of $22.50 and a 52-week high of $34.38. The stock has a fifty day moving average of $25.69.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in SARO. Renaissance Capital LLC acquired a new position in StandardAero during the 4th quarter worth $3,992,000. Jennison Associates LLC bought a new position in shares of StandardAero in the fourth quarter worth about $23,063,000. R Squared Ltd acquired a new position in shares of StandardAero during the 4th quarter worth about $39,000. Victory Capital Management Inc. bought a new stake in StandardAero during the 4th quarter valued at approximately $376,000. Finally, Bank of New York Mellon Corp acquired a new stake in StandardAero in the 4th quarter valued at approximately $3,976,000.

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.