StandardAero (NYSE:SARO) Trading 5.7% Higher After Analyst Upgrade

Shares of StandardAero, Inc. (NYSE:SARO) were up 5.7% on Tuesday after UBS Group raised their price target on the stock from $27.00 to $28.00. UBS Group currently has a neutral rating on the stock. StandardAero traded as high as $28.50 and last traded at $27.79. Approximately 300,991 shares were traded during trading, a decline of 82% from the average daily volume of 1,665,350 shares. The stock had previously closed at $26.30.

Separately, Bank of America reduced their target price on shares of StandardAero from $34.00 to $32.00 and set a “neutral” rating on the stock in a report on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, StandardAero currently has an average rating of “Moderate Buy” and an average target price of $35.00.

Institutional Investors Weigh In On StandardAero

Several large investors have recently modified their holdings of SARO. Bessemer Group Inc. bought a new stake in StandardAero during the fourth quarter valued at $28,000. R Squared Ltd acquired a new position in shares of StandardAero in the 4th quarter valued at about $39,000. MetLife Investment Management LLC bought a new stake in shares of StandardAero during the 4th quarter valued at about $54,000. PNC Financial Services Group Inc. acquired a new stake in StandardAero during the fourth quarter worth approximately $62,000. Finally, Sterling Capital Management LLC bought a new stake in StandardAero in the fourth quarter worth approximately $78,000.

StandardAero Stock Up 7.6 %

The business has a fifty day moving average of $25.95.

StandardAero (NYSE:SARO) last released its quarterly earnings data on Monday, March 10th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.20). The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.37 billion. StandardAero’s revenue for the quarter was up 21.8% on a year-over-year basis. Equities analysts expect that StandardAero, Inc. will post 0.29 EPS for the current fiscal year.

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.