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

Stock analysts at UBS Group assumed coverage on shares of StandardAero (NYSE:SARO) in a research report issued 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 would suggest a potential upside of 12.40% from the stock’s previous close.

SARO has been the topic of a number of other research reports. Royal Bank of Canada started coverage on StandardAero in a research note on Monday. They set an “outperform” rating and a $37.00 target price on the stock. Wolfe Research started coverage on StandardAero in a research note on Monday. They set an “outperform” rating and a $34.00 target price on the stock. Morgan Stanley started coverage on StandardAero in a research note on Monday. They set an “equal weight” rating and a $33.00 target price on the stock. Jefferies Financial Group started coverage on StandardAero in a research note on Monday. They set a “buy” rating and a $38.00 target price on the stock. Finally, Bank of America started coverage on StandardAero in a research note on Monday. They set a “neutral” rating and a $34.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, StandardAero has a consensus rating of “Moderate Buy” and a consensus target price of $35.63.

StandardAero Trading Down 3.0 %

Shares of NYSE SARO opened at $30.25 on Monday. StandardAero has a 1-year low of $30.00 and a 1-year high of $34.38.

Insider Activity at StandardAero

In related news, major shareholder Private Ltd Gic sold 2,900,552 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the insider now owns 47,447,058 shares in the company, 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 Securities & Exchange Commission, which is accessible 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.