StandardAero, Inc. (NYSE:SARO) Receives $35.67 Average PT from Analysts

Shares of StandardAero, Inc. (NYSE:SARO) have been assigned a consensus recommendation of “Moderate Buy” from the ten research firms that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $35.67.

A number of research analysts have recently commented on the company. Sanford C. Bernstein began coverage on StandardAero in a report on Monday, October 28th. They set an “outperform” rating and a $39.00 price objective on the stock. Royal Bank of Canada began coverage on shares of StandardAero in a research report on Monday, October 28th. They issued an “outperform” rating and a $37.00 price target on the stock. UBS Group initiated coverage on shares of StandardAero in a research report on Monday, October 28th. They issued a “neutral” rating and a $34.00 price target on the stock. CIBC initiated coverage on shares of StandardAero in a research report on Monday, October 28th. They set a “sector outperform” rating and a $38.00 target price for the company. Finally, Morgan Stanley initiated coverage on shares of StandardAero in a research report on Monday, October 28th. They set an “equal weight” rating and a $33.00 target price for the company.

Institutional Trading of StandardAero

Several large investors have recently made changes to their positions in SARO. Vanguard Group Inc. acquired a new stake in StandardAero in the 4th quarter valued at about $147,628,000. Burkehill Global Management LP bought a new position in StandardAero in the 4th quarter worth approximately $24,760,000. Jennison Associates LLC bought a new position in StandardAero in the 4th quarter worth approximately $23,063,000. Teacher Retirement System of Texas bought a new position in StandardAero in the 4th quarter worth approximately $18,691,000. Finally, Charles Schwab Investment Management Inc. bought a new position in StandardAero in the 4th quarter worth approximately $7,935,000.

StandardAero Stock Performance

NYSE SARO opened at $27.60 on Wednesday. StandardAero has a 1-year low of $22.50 and a 1-year high of $34.38. The stock has a fifty day moving average of $25.67.

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.