StandardAero (NYSE:SARO) Now Covered by Sanford C. Bernstein

by · The Cerbat Gem

Analysts at Sanford C. Bernstein began coverage on shares of StandardAero (NYSE:SARO – Get Free Report) in a report issued on Monday, Briefing.com reports. The brokerage set an “outperform” rating and a $39.00 price target on the stock. Sanford C. Bernstein’s price objective points to a potential upside of 28.93% from the company’s current price.

Several other analysts have also weighed in on the company. Wolfe Research initiated coverage on StandardAero in a report on Monday. They issued an “outperform” rating and a $34.00 price objective for the company. JPMorgan Chase & Co. initiated coverage on StandardAero in a report on Monday. They issued an “overweight” rating and a $36.00 price objective for the company. Royal Bank of Canada initiated coverage on StandardAero in a report on Monday. They issued an “outperform” rating and a $37.00 price objective for the company. UBS Group initiated coverage on StandardAero in a report on Monday. They issued a “neutral” rating and a $34.00 price objective for the company. Finally, Jefferies Financial Group started coverage on StandardAero in a report on Monday. They issued a “buy” rating and a $38.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $35.63.

View Our Latest Report on SARO

StandardAero Trading Down 3.0 %

Shares of StandardAero stock opened at $30.25 on Monday. StandardAero has a fifty-two week low of $30.00 and a fifty-two week high of $34.38.

Insider Transactions at StandardAero

In other news, major shareholder Private Ltd Gic sold 2,900,552 shares of the business’s 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 of the company’s stock, valued at $1,078,946,098.92. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

StandardAero Company Profile

(Get Free Report)

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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