Shares of StandardAero, Inc. (NYSE:SARO – Get Free Report) have received a consensus recommendation of “Moderate Buy” from the ten research firms that are covering the firm, MarketBeat reports. Three 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 target price among brokerages that have issued a report on the stock in the last year is $35.89.
A number of brokerages have recently weighed in on SARO. UBS Group began coverage on StandardAero in a research note on Monday. They set a “neutral” rating and a $34.00 price target on the stock. Sanford C. Bernstein began coverage on StandardAero in a research note on Monday. They set an “outperform” rating and a $39.00 price target on the stock. Jefferies Financial Group began coverage on StandardAero in a report on Monday. They set a “buy” rating and a $38.00 target price for the company. Cibc World Mkts raised StandardAero to a “strong-buy” rating in a report on Monday. Finally, Bank of America began coverage on StandardAero in a report on Monday. They set a “neutral” rating and a $34.00 target price for the company.
Read Our Latest Report on SARO
StandardAero Stock Up 0.7 %
Insider Buying and Selling
In related news, major shareholder Private Ltd Gic sold 2,900,552 shares of the business’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 sale, the insider now directly owns 47,447,058 shares in the company, valued at approximately $1,078,946,098.92. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
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.
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