StandardAero (NYSE:SARO) Reaches New 52-Week Low – Time to Sell?

Shares of StandardAero, Inc. (NYSE:SARO) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $24.53 and last traded at $24.54, with a volume of 1274726 shares traded. The stock had previously closed at $24.76.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. CIBC started coverage on shares of StandardAero in a research note on Monday, October 28th. They set a “sector outperform” rating and a $38.00 target price for the company. Wolfe Research started coverage on StandardAero in a research report on Monday, October 28th. They set an “outperform” rating and a $34.00 price objective for the company. Morgan Stanley began coverage on StandardAero in a report on Monday, October 28th. They issued an “equal weight” rating and a $33.00 target price on the stock. UBS Group began coverage on StandardAero in a research note on Monday, October 28th. They set a “neutral” rating and a $34.00 price target for the company. Finally, Royal Bank of Canada began coverage on shares of StandardAero in a research note on Monday, October 28th. They issued an “outperform” rating and a $37.00 price objective on the stock. Three research 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 a consensus rating of “Moderate Buy” and an average target price of $35.67.

StandardAero Stock Performance

The stock has a fifty day simple moving average of $27.53.

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.