StandardAero (NYSE:SARO) Hits New 52-Week Low - Here's What Happened

StandardAero, Inc. (NYSE:SARO - Get Free Report)'s share price reached a new 52-week low on Wednesday . The stock traded as low as $22.80 and last traded at $23.08, with a volume of 3527881 shares changing hands. The stock had previously closed at $23.80.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on SARO shares. Royal Bank of Canada assumed coverage on StandardAero in a research note on Monday, October 28th. They set an "outperform" rating and a $37.00 price target for the company. UBS Group started coverage on shares of StandardAero in a research report on Monday, October 28th. They set a "neutral" rating and a $34.00 target price for the company. JPMorgan Chase & Co. began coverage on shares of StandardAero in a research report on Monday, October 28th. They issued an "overweight" rating and a $36.00 price target on the stock. CIBC began coverage on StandardAero in a research report on Monday, October 28th. They set a "sector outperform" rating and a $38.00 price objective for the company. Finally, Sanford C. Bernstein began coverage on StandardAero in a research note on Monday, October 28th. They set an "outperform" rating and a $39.00 price objective on the stock. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, StandardAero currently has a consensus rating of "Moderate Buy" and an average target price of $35.67.

StandardAero Stock Performance

The stock's fifty day moving average is $27.16.

About StandardAero

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.