Brokerages Set StandardAero, Inc. (NYSE:SARO) PT at $35.67

Shares of StandardAero, Inc. (NYSE:SARO) have been assigned an average rating of “Moderate Buy” from the ten analysts that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $35.67.

Several equities research analysts have commented on SARO shares. Royal Bank of Canada began coverage on StandardAero in a research note on Monday, October 28th. They set an “outperform” rating and a $37.00 price objective for the company. Sanford C. Bernstein started coverage on StandardAero in a research note on Monday, October 28th. They set an “outperform” rating and a $39.00 price objective on the stock. Jefferies Financial Group initiated coverage on shares of StandardAero in a research note on Monday, October 28th. They issued a “buy” rating and a $38.00 price target for the company. CIBC assumed coverage on StandardAero in a research report on Monday, October 28th. They set a “sector outperform” rating and a $38.00 price objective for the company. Finally, JPMorgan Chase & Co. initiated coverage on StandardAero in a research report on Monday, October 28th. They issued an “overweight” rating and a $36.00 target price on the stock.

Insider Buying and Selling at StandardAero

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 value of $65,958,552.48. Following the sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

StandardAero Stock Up 0.1 %

NYSE:SARO opened at $25.01 on Tuesday. The business’s fifty day moving average is $28.93. StandardAero has a fifty-two week low of $24.55 and a fifty-two week high of $34.38.

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.