StandardAero (NYSE:SARO) Now Covered by Analysts at UBS Group

Equities researchers at UBS Group started coverage on shares of StandardAero (NYSE:SARO) in a report released on Monday, Briefing.com reports. The brokerage set a “neutral” rating and a $34.00 price target on the stock. UBS Group’s price objective points to a potential upside of 12.40% from the stock’s previous close.

Several other equities analysts also recently weighed in on SARO. Bank of America started coverage on StandardAero in a research report on Monday. They set a “neutral” rating and a $34.00 target price on the stock. Jefferies Financial Group began coverage on StandardAero in a research report on Monday. They issued a “buy” rating and a $38.00 price objective on the stock. Royal Bank of Canada began coverage on StandardAero in a research report on Monday. They issued an “outperform” rating and a $37.00 price objective on the stock. Wolfe Research began coverage on StandardAero in a research report on Monday. They issued an “outperform” rating and a $34.00 price objective on the stock. Finally, Morgan Stanley began coverage on StandardAero in a research report on Monday. They issued an “equal weight” rating and a $33.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, StandardAero presently has an average rating of “Moderate Buy” and a consensus target price of $35.63.

StandardAero Trading Down 3.0 %

NYSE SARO 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 StandardAero stock in a transaction dated Thursday, October 3rd. The stock was 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 of the company’s stock, valued at approximately $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 SEC, which can be accessed through this hyperlink.

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.