StandardAero (NYSE:SARO) Coverage Initiated by Analysts at Jefferies Financial Group

Jefferies Financial Group started coverage on shares of StandardAero (NYSE:SARO) in a research note issued to investors on Monday morning, Marketbeat Ratings reports. The firm issued a buy rating and a $38.00 price target on the stock.

A number of other equities analysts also recently commented on SARO. Wolfe Research started coverage on StandardAero in a report on Monday. They issued an “outperform” rating and a $34.00 price objective on the stock. Bank of America assumed coverage on shares of StandardAero in a research note on Monday. They issued a “neutral” rating and a $34.00 price objective for the company. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $35.89.

StandardAero Trading Down 1.8 %

Shares of NYSE:SARO opened at $28.85 on Monday. StandardAero has a 1 year low of $28.41 and a 1 year high of $34.38.

Insider Activity at StandardAero

In other news, major shareholder Private Ltd Gic sold 2,900,552 shares of the business’s stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $22.74, for a total transaction of $65,958,552.48. Following the transaction, the insider now owns 47,447,058 shares in the company, valued at approximately $1,078,946,098.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through 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.