StandardAero (NYSE:SARO) Now Covered by Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. started coverage on shares of StandardAero (NYSE:SARO) in a research note issued to investors on Monday morning, Marketbeat Ratings reports. The firm issued an overweight rating and a $36.00 target price on the stock.

Several other equities analysts have also weighed in on the company. Jefferies Financial Group assumed coverage on StandardAero in a report on Monday. They set a “buy” rating and a $38.00 target price on the stock. Wolfe Research assumed coverage on StandardAero in a research note on Monday. They issued an “outperform” rating and a $34.00 price objective on the stock. UBS Group started coverage on StandardAero in a report on Monday. They issued a “neutral” rating and a $34.00 target price for the company. Royal Bank of Canada assumed coverage on StandardAero in a report on Monday. They set an “outperform” rating and a $37.00 price target on the stock. Finally, Bank of America began coverage on shares of StandardAero in a research report on Monday. They issued a “neutral” rating and a $34.00 price target on the stock. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $35.89.

StandardAero Price Performance

StandardAero stock opened at $29.39 on Monday. StandardAero has a 1-year low of $28.41 and a 1-year high of $34.38.

Insider Activity

In related news, major shareholder Private Ltd Gic sold 2,900,552 shares of the business’s stock in a transaction on 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 transaction, the insider now owns 47,447,058 shares of the company’s stock, valued at approximately $1,078,946,098.92. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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.