StandardAero (NYSE:SARO) Stock Rating Upgraded by Cibc World Mkts

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

A number of other analysts have also weighed in on SARO. Wolfe Research initiated coverage on shares of StandardAero in a research note on Monday. They issued an “outperform” rating and a $34.00 price objective on the stock. Sanford C. Bernstein initiated coverage on shares of StandardAero in a research report on Monday. They set an “outperform” rating and a $39.00 price target on the stock. UBS Group initiated coverage on shares of StandardAero in a research report on Monday. They set a “neutral” rating and a $34.00 price target on the stock. Bank of America initiated coverage on shares of StandardAero in a research report on Monday. They set a “neutral” rating and a $34.00 price target on the stock. Finally, Morgan Stanley initiated coverage on shares of StandardAero in a research report on Monday. They set an “equal weight” rating and a $33.00 price target on the stock. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $35.89.

StandardAero Stock Down 1.7 %

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.

Insiders Place Their Bets

In other StandardAero news, major shareholder Private Ltd Gic sold 2,900,552 shares of StandardAero 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 directly owns 47,447,058 shares of the company’s stock, valued at $1,078,946,098.92. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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.