StandardAero (NYSE:SARO - Free Report) had its target price decreased by Bank of America from $34.00 to $32.00 in a report released on Wednesday morning,Benzinga reports. Bank of America currently has a neutral rating on the stock.
Several other brokerages have also commented on SARO. Cibc World Mkts upgraded StandardAero to a "strong-buy" rating in a research report on Monday, October 28th. UBS Group began coverage on shares of StandardAero in a research note on Monday, October 28th. They set a "neutral" rating and a $34.00 price target on the stock. JPMorgan Chase & Co. started coverage on shares of StandardAero in a report on Monday, October 28th. They issued an "overweight" rating and a $36.00 price objective for the company. Royal Bank of Canada started coverage on shares of StandardAero in a report on Monday, October 28th. They set an "outperform" rating and a $37.00 target price on the stock. Finally, 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 target for the company. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $35.67.
Check Out Our Latest Research Report on SARO
StandardAero Price Performance
SARO traded down $0.87 during trading on Wednesday, reaching $28.50. The stock had a trading volume of 896,377 shares, compared to its average volume of 1,506,696. StandardAero has a one year low of $26.78 and a one year high of $34.38.
Insider Transactions at StandardAero
In related news, major shareholder Private Ltd Gic sold 2,900,552 shares of the company's stock in a transaction that occurred 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 transaction, the insider now owns 47,447,058 shares in the company, valued at $1,078,946,098.92. This represents a 5.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
StandardAero Company Profile
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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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