StandardAero (NYSE:SARO) Coverage Initiated by Analysts at Morgan Stanley

Morgan Stanley started coverage on shares of StandardAero (NYSE:SARO) in a research note published on Monday, Marketbeat.com reports. The brokerage issued an equal weight rating and a $33.00 price objective on the stock.

Several other brokerages also recently weighed in on SARO. Bank of America assumed coverage on shares of StandardAero in a research report on Monday. They set a “neutral” rating and a $34.00 price target for the company. Jefferies Financial Group started coverage on shares of StandardAero in a research note on Monday. They set a “buy” rating and a $38.00 target price on the stock. Finally, Wolfe Research started coverage on shares of StandardAero in a research report on Monday. They set an “outperform” rating and a $34.00 price objective on the stock. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, StandardAero currently has a consensus rating of “Moderate Buy” and an average target price of $35.89.

StandardAero Stock Performance

StandardAero stock opened at $28.85 on Monday. StandardAero has a twelve month low of $28.41 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 stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $22.74, for a total transaction of $65,958,552.48. Following the completion of the transaction, the insider now owns 47,447,058 shares of the company’s stock, valued at $1,078,946,098.92. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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.