StandardAero (NYSE:SARO) Now Covered by Analysts at Morgan Stanley

Morgan Stanley started coverage on shares of StandardAero (NYSE:SARO) in a report released on Monday morning, MarketBeat reports. The brokerage issued an equal weight rating and a $33.00 price target on the stock.

Several other analysts also recently commented on the company. Jefferies Financial Group started coverage on StandardAero in a research note on Monday. They issued a “buy” rating and a $38.00 price objective for the company. Wolfe Research started coverage on shares of StandardAero in a research report on Monday. They issued an “outperform” rating and a $34.00 price objective for the company. Finally, Bank of America assumed coverage on shares of StandardAero in a research report on Monday. They set a “neutral” rating and a $34.00 target price for the company. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $35.89.

StandardAero Trading Down 1.8 %

NYSE SARO opened at $28.85 on Monday. StandardAero has a 52 week low of $28.41 and a 52 week high of $34.38.

Insider Buying and Selling at StandardAero

In other StandardAero news, major shareholder Private Ltd Gic sold 2,900,552 shares of the firm’s stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $22.74, for a total value of $65,958,552.48. Following the sale, the insider now owns 47,447,058 shares of the company’s stock, valued at $1,078,946,098.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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.