Wolfe Research Initiates Coverage on StandardAero (NYSE:SARO)

Wolfe Research began coverage on shares of StandardAero (NYSE:SARO) in a research report report published on Monday morning, Marketbeat reports. The firm issued an outperform rating and a $34.00 price target on the stock.

Separately, Bank of America initiated coverage on StandardAero in a research report on Monday. They set a “neutral” rating and a $34.00 price target for the company. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, StandardAero currently has a consensus rating of “Moderate Buy” and an average price target of $35.89.

StandardAero Stock Up 0.7 %

NYSE SARO opened at $29.39 on Monday. StandardAero has a one year low of $28.41 and a one year high of $34.38.

Insider Activity at StandardAero

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 stock was sold at an average price of $22.74, for a total value of $65,958,552.48. Following the completion of the sale, the insider now directly owns 47,447,058 shares in the company, valued at $1,078,946,098.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

StandardAero Company Profile

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.