Bank of America Has Lowered Expectations for StandardAero (NYSE:SARO) Stock Price

StandardAero (NYSE:SARO) had its target price decreased by Bank of America from $34.00 to $32.00 in a research report report published on Wednesday morning,Benzinga reports. Bank of America currently has a neutral rating on the stock.

Several other brokerages also recently weighed in on SARO. CIBC initiated coverage on StandardAero in a research note on Monday, October 28th. They set a “sector outperform” rating and a $38.00 target price for the company. Jefferies Financial Group started coverage on shares of StandardAero in a report on Monday, October 28th. They set a “buy” rating and a $38.00 price objective on the stock. Royal Bank of Canada initiated coverage on shares of StandardAero in a research report on Monday, October 28th. They issued an “outperform” rating and a $37.00 target price on the stock. Wolfe Research initiated coverage on shares of StandardAero in a research report on Monday, October 28th. They set an “outperform” rating and a $34.00 price target for the company. Finally, Cibc World Mkts raised shares of StandardAero to a “strong-buy” rating in a research note on Monday, October 28th. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, StandardAero has an average rating of “Moderate Buy” and a consensus price target of $35.67.

StandardAero Stock Up 0.6 %

NYSE SARO opened at $28.66 on Wednesday. The business has a 50-day simple moving average of $30.16. StandardAero has a twelve month low of $26.78 and a twelve month high of $34.38.

Insider Transactions at StandardAero

In other StandardAero news, major shareholder Private Ltd Gic sold 2,900,552 shares of the business’s stock in a transaction 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 transaction, the insider now owns 47,447,058 shares of the company’s stock, valued at approximately $1,078,946,098.92. The trade was a 5.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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.