StandardAero (NYSE:SARO) Earns Neutral Rating from Analysts at UBS Group

UBS Group initiated coverage on shares of StandardAero (NYSE:SARO) in a research note released on Monday, MarketBeat reports. The brokerage issued a neutral rating and a $34.00 target price on the stock.

A number of other brokerages have also recently commented on SARO. Bank of America started coverage on StandardAero in a research note on Monday. They set a “neutral” rating and a $34.00 price objective on the stock. Morgan Stanley assumed coverage on StandardAero in a research report on Monday. They set an “equal weight” rating and a $33.00 price target on the stock. Jefferies Financial Group began coverage on StandardAero in a report on Monday. They issued a “buy” rating and a $38.00 price target for the company. Wolfe Research initiated coverage on shares of StandardAero in a research note on Monday. They set an “outperform” rating and a $34.00 price objective on the stock. Finally, Royal Bank of Canada initiated coverage on shares of StandardAero in a research note on Monday. They issued an “outperform” rating and a $37.00 target price for the company. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $35.89.

StandardAero Stock Up 0.7 %

Shares of SARO stock opened at $29.39 on Monday. StandardAero has a 52 week low of $28.41 and a 52 week high of $34.38.

Insiders Place Their Bets

In other news, major shareholder Private Ltd Gic sold 2,900,552 shares of the company’s stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $22.74, for a total value of $65,958,552.48. Following the sale, the insider now owns 47,447,058 shares in the company, valued at approximately $1,078,946,098.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed 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.