StandardAero, Inc. (NYSE:SARO - Get Free Report)'s share price hit a new 52-week low during trading on Thursday . The company traded as low as $24.53 and last traded at $24.54, with a volume of 1274726 shares traded. The stock had previously closed at $24.76.
Analyst Ratings Changes
SARO has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. began coverage on StandardAero in a research note on Monday, October 28th. They issued an "overweight" rating and a $36.00 price objective for the company. Cibc World Mkts upgraded shares of StandardAero to a "strong-buy" rating in a report on Monday, October 28th. Sanford C. Bernstein started coverage on shares of StandardAero in a research note on Monday, October 28th. They issued an "outperform" rating and a $39.00 target price on the stock. Royal Bank of Canada initiated coverage on shares of StandardAero in a research note on Monday, October 28th. They set an "outperform" rating and a $37.00 price target for the company. Finally, Jefferies Financial Group initiated coverage on StandardAero in a research note on Monday, October 28th. They issued a "buy" rating and a $38.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, StandardAero presently has an average rating of "Moderate Buy" and an average price target of $35.67.
Check Out Our Latest Analysis on SARO
StandardAero Price Performance
The company has a fifty day simple moving average of $27.79.
About StandardAero
(
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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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