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

Stock analysts at Jefferies Financial Group assumed coverage on shares of StandardAero (NYSE:SARO) in a research note issued on Monday, Briefing.com reports. The firm set a “buy” rating and a $38.00 price target on the stock. Jefferies Financial Group’s price target would indicate a potential upside of 25.62% from the company’s current price.

Other research analysts have also issued research reports about the company. Bank of America started coverage on StandardAero in a report on Monday. They set a “neutral” rating and a $34.00 price target on the stock. Wolfe Research started coverage on shares of StandardAero in a report on Monday. They issued an “outperform” rating and a $34.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.63.

StandardAero Stock Performance

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

Insider Activity

In other 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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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.