Analysts Set StandardAero, Inc. (NYSE:SARO) Price Target at $35.89

StandardAero, Inc. (NYSE:SARO) has received a consensus recommendation of “Moderate Buy” from the ten ratings firms that are covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned 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 research firms have recently commented on SARO. UBS Group started coverage on shares of StandardAero in a research note on Monday, October 28th. They set a “neutral” rating and a $34.00 price objective for the company. Wolfe Research started coverage on shares of StandardAero in a report on Monday, October 28th. They issued an “outperform” rating and a $34.00 price target on the stock. Bank of America started coverage on StandardAero in a report on Monday, October 28th. They set a “neutral” rating and a $34.00 price objective for the company. CIBC initiated coverage on StandardAero in a report on Monday, October 28th. They issued a “sector outperform” rating and a $38.00 target price on the stock. Finally, Cibc World Mkts upgraded StandardAero to a “strong-buy” rating in a research note on Monday, October 28th.

StandardAero Price Performance

Shares of StandardAero stock opened at $28.66 on Friday. StandardAero has a fifty-two week low of $26.78 and a fifty-two week high of $34.38.

Insider Activity

In other StandardAero news, major shareholder Private Ltd Gic sold 2,900,552 shares of StandardAero 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 sale, the insider now directly owns 47,447,058 shares in the company, valued at $1,078,946,098.92. The trade was a 5.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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.