StandardAero (NYSE:SARO) Coverage Initiated at Royal Bank of Canada

Royal Bank of Canada began coverage on shares of StandardAero (NYSE:SARO) in a report issued on Monday morning, Marketbeat.com reports. The brokerage issued an outperform rating and a $37.00 price objective on the stock.

SARO has been the topic of a number of other reports. Morgan Stanley initiated coverage on shares of StandardAero in a research note on Monday. They issued an “equal weight” rating and a $33.00 price target on the stock. Bank of America initiated coverage on shares of StandardAero in a report on Monday. They issued a “neutral” rating and a $34.00 target price for the company. Jefferies Financial Group started coverage on StandardAero in a research note on Monday. They set a “buy” rating and a $38.00 price target on the stock. Finally, Wolfe Research initiated coverage on StandardAero in a research note on Monday. They issued an “outperform” rating and a $34.00 price objective for the company. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $35.89.

StandardAero Stock 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 Transactions at StandardAero

In related news, major shareholder Private Ltd Gic sold 2,900,552 shares of StandardAero stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $22.74, for a total value of $65,958,552.48. Following the completion of the transaction, the insider now directly owns 47,447,058 shares in the company, valued at approximately $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 accessible through this hyperlink.

StandardAero Company Profile

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.