StandardAero (NYSE:SARO) Now Covered by Analysts at JPMorgan Chase & Co.

Equities researchers at JPMorgan Chase & Co. started coverage on shares of StandardAero (NYSE:SARO) in a research report issued on Monday, Briefing.com reports. The firm set an “overweight” rating and a $36.00 price target on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 19.01% from the stock’s current price.

Other research analysts have also recently issued reports about the stock. Morgan Stanley started coverage on shares of StandardAero in a report on Monday. They set an “equal weight” rating and a $33.00 price target for the company. UBS Group started coverage on shares of StandardAero in a report on Monday. They issued a “neutral” rating and a $34.00 target price for the company. Wolfe Research started coverage on shares of StandardAero in a report on Monday. They issued an “outperform” rating and a $34.00 target price for the company. Royal Bank of Canada started coverage on shares of StandardAero in a report on Monday. They issued an “outperform” rating and a $37.00 target price for the company. Finally, Jefferies Financial Group started coverage on shares of StandardAero in a report on Monday. They issued a “buy” rating and a $38.00 target price for the company. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.63.

StandardAero Stock Performance

NYSE SARO opened at $30.25 on Monday. StandardAero has a 52-week low of $30.00 and a 52-week high of $34.38.

Insider Activity

In other news, major shareholder Private Ltd Gic sold 2,900,552 shares of the stock in a transaction that occurred on 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 directly owns 47,447,058 shares in the company, valued at $1,078,946,098.92. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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.