UBS Group Issues Positive Forecast for StandardAero (NYSE:SARO) Stock Price

StandardAero (NYSE:SARO) had its target price lifted by UBS Group from $27.00 to $28.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s price target indicates a potential downside of 0.11% from the company’s current price.

Separately, Bank of America lowered their price objective on shares of StandardAero from $34.00 to $32.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 27th. Three 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.00.

StandardAero Stock Up 6.6 %

SARO stock traded up $1.73 during mid-day trading on Tuesday, reaching $28.03. 300,991 shares of the company traded hands, compared to its average volume of 1,665,201. The company has a fifty day moving average price of $25.95. StandardAero has a 52-week low of $22.50 and a 52-week high of $34.38.

StandardAero (NYSE:SARO) last issued its quarterly earnings data on Monday, March 10th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.16 by ($0.20). The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.37 billion. StandardAero’s revenue was up 21.8% on a year-over-year basis. On average, equities research analysts anticipate that StandardAero will post 0.29 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in SARO. Bessemer Group Inc. bought a new position in StandardAero in the 4th quarter worth about $28,000. R Squared Ltd purchased a new position in shares of StandardAero in the fourth quarter worth approximately $39,000. MetLife Investment Management LLC bought a new position in StandardAero in the fourth quarter worth approximately $54,000. PNC Financial Services Group Inc. purchased a new position in shares of StandardAero during the 4th quarter worth $62,000. Finally, Sterling Capital Management LLC purchased a new position in shares of StandardAero during the 4th quarter worth $78,000.

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.