StandardAero, Inc. (NYSE:SARO) Receives Consensus Recommendation of “Moderate Buy” from Analysts

StandardAero, Inc. (NYSE:SARO) has been given a consensus recommendation of “Moderate Buy” by the ten research firms that are presently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $34.89.

Several research analysts recently weighed in on SARO shares. Morgan Stanley dropped their price target on StandardAero from $33.00 to $32.00 and set an “equal weight” rating on the stock in a research report on Friday. UBS Group boosted their target price on StandardAero from $27.00 to $28.00 and gave the company a “neutral” rating in a research note on Tuesday, March 11th. Finally, Bank of America lowered their target price on StandardAero from $34.00 to $32.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 27th.

StandardAero Trading Down 1.3 %

Shares of StandardAero stock opened at $28.60 on Tuesday. The stock’s fifty day moving average is $26.27. StandardAero has a 12-month low of $22.50 and a 12-month high of $34.38.

StandardAero (NYSE:SARO) last posted its quarterly earnings results on Monday, March 10th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.20). The company had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.37 billion. The company’s revenue for the quarter was up 21.8% compared to the same quarter last year. Equities research analysts predict that StandardAero will post 0.29 EPS for the current fiscal year.

Institutional Trading of StandardAero

Several hedge funds have recently added to or reduced their stakes in SARO. Wellington Management Group LLP acquired a new position in StandardAero in the 4th quarter valued at approximately $183,924,000. Carlyle Group Inc. acquired a new position in StandardAero in the 4th quarter valued at approximately $165,294,000. T. Rowe Price Investment Management Inc. acquired a new position in StandardAero in the 4th quarter valued at approximately $161,324,000. Price T Rowe Associates Inc. MD acquired a new position in StandardAero in the 4th quarter valued at approximately $155,829,000. Finally, Vanguard Group Inc. acquired a new position in StandardAero in the 4th quarter valued at approximately $147,628,000.

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.