Brokerages Set StandardAero, Inc. (NYSE:SARO) Target Price at $35.67

StandardAero, Inc. (NYSE:SARO) has earned a consensus rating of “Moderate Buy” from the ten ratings firms that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $35.67.

SARO has been the subject of a number of analyst reports. Cibc World Mkts raised shares of StandardAero to a “strong-buy” rating in a report on Monday, October 28th. Sanford C. Bernstein initiated coverage on StandardAero in a report on Monday, October 28th. They issued an “outperform” rating and a $39.00 price objective for the company. CIBC assumed coverage on StandardAero in a report on Monday, October 28th. They issued a “sector outperform” rating and a $38.00 price objective for the company. Morgan Stanley assumed coverage on shares of StandardAero in a research report on Monday, October 28th. They issued an “equal weight” rating and a $33.00 price target on the stock. Finally, Jefferies Financial Group started coverage on shares of StandardAero in a research report on Monday, October 28th. They issued a “buy” rating and a $38.00 price target on the stock.

StandardAero Stock Performance

Shares of NYSE SARO opened at $27.60 on Wednesday. The company has a 50-day simple moving average of $25.67. StandardAero has a 1 year low of $22.50 and a 1 year high of $34.38.

Institutional Trading of StandardAero

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. acquired a new stake in shares of StandardAero during the fourth quarter worth $147,628,000. Burkehill Global Management LP bought a new stake in shares of StandardAero in the fourth quarter valued at about $24,760,000. Jennison Associates LLC bought a new stake in shares of StandardAero in the fourth quarter valued at about $23,063,000. Teacher Retirement System of Texas bought a new stake in shares of StandardAero in the fourth quarter valued at about $18,691,000. Finally, Charles Schwab Investment Management Inc. bought a new stake in shares of StandardAero in the fourth quarter valued at about $7,935,000.

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.