Analysts Set StandardAero, Inc. (NYSE:SARO) PT at $35.67

StandardAero, Inc. (NYSE:SARO) has been given a consensus rating of “Moderate Buy” by the ten analysts that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $35.67.

Several analysts recently commented on SARO shares. Cibc World Mkts raised StandardAero to a “strong-buy” rating in a report on Monday, October 28th. Royal Bank of Canada began coverage on StandardAero in a research note on Monday, October 28th. They set an “outperform” rating and a $37.00 price target for the company. Wolfe Research initiated coverage on shares of StandardAero in a research note on Monday, October 28th. They issued an “outperform” rating and a $34.00 price objective on the stock. Jefferies Financial Group assumed coverage on shares of StandardAero in a research report on Monday, October 28th. They set a “buy” rating and a $38.00 target price for the company. Finally, UBS Group began coverage on shares of StandardAero in a research report on Monday, October 28th. They issued a “neutral” rating and a $34.00 price target on the stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Jennison Associates LLC bought a new position in shares of StandardAero during the fourth quarter worth $23,063,000. Charles Schwab Investment Management Inc. purchased a new stake in StandardAero in the 4th quarter worth $7,935,000. Renaissance Capital LLC bought a new position in shares of StandardAero during the 4th quarter valued at about $3,992,000. Bank of New York Mellon Corp bought a new stake in shares of StandardAero in the fourth quarter worth about $3,976,000. Finally, New York State Common Retirement Fund bought a new stake in shares of StandardAero in the fourth quarter worth about $2,081,000.

StandardAero Stock Up 1.4 %

NYSE:SARO opened at $27.43 on Wednesday. The stock has a 50 day moving average of $25.69. StandardAero has a 12 month low of $22.50 and a 12 month high of $34.38.

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.