StandardAero (NYSE:SARO) Lifted to “Strong-Buy” at Cibc World Mkts

StandardAero (NYSE:SARO) was upgraded by analysts at Cibc World Mkts to a “strong-buy” rating in a research note issued to investors on Monday, Zacks.com reports.

A number of other equities analysts have also weighed in on the company. UBS Group initiated coverage on StandardAero in a research report on Monday. They issued a “neutral” rating and a $34.00 target price for the company. Sanford C. Bernstein assumed coverage on StandardAero in a report on Monday. They issued an “outperform” rating and a $39.00 price objective for the company. Morgan Stanley assumed coverage on shares of StandardAero in a research report on Monday. They set an “equal weight” rating and a $33.00 price target for the company. CIBC assumed coverage on shares of StandardAero in a report on Monday. They issued a “sector outperform” rating and a $38.00 price objective on the stock. Finally, Royal Bank of Canada began coverage on shares of StandardAero in a research note on Monday. They issued an “outperform” rating and a $37.00 price objective for the company. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $35.89.

StandardAero Stock Performance

Shares of NYSE SARO opened at $29.20 on Monday. StandardAero has a 1 year low of $28.41 and a 1 year high of $34.38.

Insider Buying and Selling

In other StandardAero news, major shareholder Private Ltd Gic sold 2,900,552 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 47,447,058 shares in the company, valued at $1,078,946,098.92. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

StandardAero Company Profile

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.