StandardAero, Inc. (NYSE:SARO) Given Average Recommendation of “Moderate Buy” by Analysts

StandardAero, Inc. (NYSE:SARO) has received a consensus rating of “Moderate Buy” from the ten research firms that are presently covering the firm, MarketBeat.com reports. Three equities research 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. The average 12-month price objective among brokerages that have covered the stock in the last year is $35.67.

SARO has been the topic of several recent research reports. Sanford C. Bernstein started coverage on shares of StandardAero in a report on Monday, October 28th. They set an “outperform” rating and a $39.00 price objective on the stock. Bank of America cut their price objective on shares of StandardAero from $34.00 to $32.00 and set a “neutral” rating for the company in a report on Wednesday, November 27th. CIBC initiated coverage on shares of StandardAero in a report on Monday, October 28th. They set a “sector outperform” rating and a $38.00 target price on the stock. UBS Group began coverage on StandardAero in a report on Monday, October 28th. They issued a “neutral” rating and a $34.00 price target for the company. Finally, JPMorgan Chase & Co. began coverage on StandardAero in a research note on Monday, October 28th. They set an “overweight” rating and a $36.00 price objective on the stock.

Institutional Investors Weigh In On StandardAero

A number of institutional investors and hedge funds have recently bought and sold shares of SARO. Amalgamated Bank purchased a new stake in StandardAero during the fourth quarter valued at about $98,000. Bank of New York Mellon Corp purchased a new position in shares of StandardAero during the 4th quarter valued at about $3,976,000. New York State Common Retirement Fund bought a new stake in StandardAero in the 4th quarter worth approximately $2,081,000. Rhumbline Advisers purchased a new stake in StandardAero in the fourth quarter worth approximately $1,245,000. Finally, Legato Capital Management LLC bought a new position in shares of StandardAero during the 4th quarter valued at $335,000.

StandardAero Stock Performance

Shares of SARO opened at $27.11 on Wednesday. StandardAero has a 1 year low of $22.50 and a 1 year high of $34.38. The company has a fifty day moving average price of $25.77.

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.