Bank of America Cuts StandardAero (NYSE:SARO) Price Target to $32.00

StandardAero (NYSE:SARO) had its price objective trimmed by Bank of America from $34.00 to $32.00 in a research note released on Wednesday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Other equities research analysts have also issued research reports about the company. Jefferies Financial Group started coverage on StandardAero in a research note on Monday, October 28th. They set a “buy” rating and a $38.00 price target on the stock. Cibc World Mkts raised shares of StandardAero to a “strong-buy” rating in a research report on Monday, October 28th. Wolfe Research began coverage on shares of StandardAero in a research note on Monday, October 28th. They set an “outperform” rating and a $34.00 price target on the stock. Sanford C. Bernstein began coverage on shares of StandardAero in a research note on Monday, October 28th. They set an “outperform” rating and a $39.00 price objective for the company. Finally, Royal Bank of Canada started coverage on StandardAero in a research report on Monday, October 28th. They issued an “outperform” rating and a $37.00 target price on the stock. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, StandardAero has a consensus rating of “Moderate Buy” and an average target price of $35.67.

StandardAero Trading Up 0.6 %

Shares of SARO stock opened at $28.66 on Wednesday. The stock’s fifty day simple moving average is $30.16. StandardAero has a 1-year low of $26.78 and a 1-year high of $34.38.

Insider Buying and Selling

In other StandardAero news, major shareholder Private Ltd Gic sold 2,900,552 shares of the company’s stock in a transaction that occurred 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 sale, the insider now owns 47,447,058 shares in the company, valued at approximately $1,078,946,098.92. This represents a 5.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

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.