StandardAero (NYSE:SARO) Coverage Initiated by Analysts at CIBC

CIBC began coverage on shares of StandardAero (NYSE:SAROFree Report) in a research report report published on Monday morning, MarketBeat Ratings reports. The brokerage issued a sector outperform rating and a $38.00 price objective on the stock.

SARO has been the subject of several other research reports. JPMorgan Chase & Co. began coverage on StandardAero in a research note on Monday. They issued an “overweight” rating and a $36.00 price target for the company. UBS Group began coverage on StandardAero in a research note on Monday. They issued a “neutral” rating and a $34.00 price target for the company. Bank of America began coverage on StandardAero in a research note on Monday. They issued a “neutral” rating and a $34.00 price target for the company. Jefferies Financial Group began coverage on StandardAero in a research note on Monday. They issued a “buy” rating and a $38.00 price target for the company. Finally, Wolfe Research began coverage on StandardAero in a research note on Monday. They issued an “outperform” rating and a $34.00 price target for the company. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $35.89.

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StandardAero Price Performance

Shares of SARO opened at $29.39 on Monday. StandardAero has a 12-month low of $28.41 and a 12-month high of $34.38.

Insider Buying and Selling

In related news, major shareholder Private Ltd Gic sold 2,900,552 shares of the firm’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 owns 47,447,058 shares of the company’s stock, valued at $1,078,946,098.92. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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.

Further Reading

Analyst Recommendations for StandardAero (NYSE:SARO)

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