StandardAero (NYSE:SARO) Reaches New 1-Year Low – What’s Next?

StandardAero, Inc. (NYSE:SARO)’s share price reached a new 52-week low on Wednesday . The company traded as low as $22.80 and last traded at $23.08, with a volume of 3527881 shares traded. The stock had previously closed at $23.80.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on SARO shares. UBS Group began coverage on StandardAero in a report on Monday, October 28th. They issued a “neutral” rating and a $34.00 target price on the stock. Wolfe Research began coverage on shares of StandardAero in a research note on Monday, October 28th. They issued an “outperform” rating and a $34.00 target price for the company. JPMorgan Chase & Co. began coverage on shares of StandardAero in a research note on Monday, October 28th. They set an “overweight” rating and a $36.00 price target on the stock. Sanford C. Bernstein initiated coverage on shares of StandardAero in a research report on Monday, October 28th. They issued an “outperform” rating and a $39.00 price objective for the company. Finally, Bank of America dropped their target price on StandardAero from $34.00 to $32.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $35.67.

StandardAero Price Performance

The firm has a fifty day moving average of $27.04.

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.