StandardAero, Inc. (NYSE:SARO) Receives Consensus Recommendation of “N/A” from Brokerages

StandardAero, Inc. (NYSE:SARO) has been assigned a consensus rating of “N/A” from the zero brokerages that are currently covering the company, Marketbeat reports.

A number of brokerages have commented on SARO. UBS Group began coverage on shares of StandardAero in a research note on Monday. They set a “neutral” rating and a $34.00 target price on the stock. Bank of America initiated coverage on StandardAero in a report on Monday. They issued a “neutral” rating and a $34.00 price objective on the stock. Sanford C. Bernstein began coverage on StandardAero in a research note on Monday. They set an “outperform” rating and a $39.00 target price for the company. Royal Bank of Canada assumed coverage on StandardAero in a research report on Monday. They set an “outperform” rating and a $37.00 price objective for the company. Finally, Wolfe Research started coverage on shares of StandardAero in a research note on Monday. They issued an “outperform” rating and a $34.00 price target on the stock.

StandardAero Price Performance

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

Insiders Place Their Bets

In related news, major shareholder Private Ltd Gic sold 2,900,552 shares of StandardAero stock in a transaction 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 transaction, the insider now directly owns 47,447,058 shares in the company, valued at approximately $1,078,946,098.92. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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.