StandardAero (NYSE:SARO) Given New $28.00 Price Target at UBS Group

StandardAero (NYSE:SARO) had its price objective increased by research analysts at UBS Group from $27.00 to $28.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s target price points to a potential downside of 0.11% from the company’s current price.

Separately, Bank of America reduced their price target on shares of StandardAero from $34.00 to $32.00 and set a “neutral” rating on the stock in a report on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.00.

StandardAero Stock Up 6.6 %

Shares of StandardAero stock traded up $1.73 during trading hours on Tuesday, hitting $28.03. The company’s stock had a trading volume of 300,991 shares, compared to its average volume of 1,665,201. The stock has a 50 day moving average price of $25.95. StandardAero has a 12-month low of $22.50 and a 12-month high of $34.38.

StandardAero (NYSE:SARO) last posted its quarterly earnings results on Monday, March 10th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.20). The business had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.37 billion. The firm’s quarterly revenue was up 21.8% compared to the same quarter last year. On average, equities analysts expect that StandardAero will post 0.29 earnings per share for the current year.

Institutional Trading of StandardAero

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wellington Management Group LLP purchased a new stake in StandardAero during the 4th quarter worth approximately $183,924,000. Carlyle Group Inc. acquired a new stake in shares of StandardAero during the fourth quarter worth $165,294,000. T. Rowe Price Investment Management Inc. purchased a new stake in shares of StandardAero during the fourth quarter valued at $161,324,000. Price T Rowe Associates Inc. MD purchased a new stake in shares of StandardAero during the fourth quarter valued at $155,829,000. Finally, Vanguard Group Inc. acquired a new position in shares of StandardAero in the 4th quarter valued at $147,628,000.

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.