Research analysts at CIBC started coverage on shares of StandardAero (NYSE:SARO – Get Free Report) in a research note issued to investors on Monday, Briefing.com reports. The firm set a “sector outperform” rating and a $38.00 price target on the stock. CIBC’s price target would suggest a potential upside of 28.25% from the stock’s previous close.
A number of other equities analysts have also recently issued reports on the company. JPMorgan Chase & Co. initiated coverage on shares of StandardAero in a research report on Monday. They set an “overweight” rating and a $36.00 price objective for the company. Bank of America began coverage on shares of StandardAero in a research note on Monday. They issued a “neutral” rating and a $34.00 price target for the company. UBS Group initiated coverage on shares of StandardAero in a research report on Monday. They set a “neutral” rating and a $34.00 price objective on the stock. Morgan Stanley initiated coverage on StandardAero in a research report on Monday. They issued an “equal weight” rating and a $33.00 target price for the company. Finally, Wolfe Research started coverage on StandardAero in a report on Monday. They issued an “outperform” rating and a $34.00 price target on the stock. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, StandardAero has an average rating of “Moderate Buy” and an average target price of $35.89.
Read Our Latest Stock Report on SARO
StandardAero Price Performance
Insider Activity at StandardAero
In related news, major shareholder Private Ltd Gic sold 2,900,552 shares of StandardAero stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $22.74, for a total transaction of $65,958,552.48. Following the sale, the insider now directly owns 47,447,058 shares in the company, valued at approximately $1,078,946,098.92. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
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.
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