StandardAero (NYSE:SARO) Price Target Cut to $32.00 by Analysts at Bank of America

StandardAero (NYSE:SARO) had its price objective cut by Bank of America from $34.00 to $32.00 in a report released on Wednesday morning,Benzinga reports. They currently have a neutral rating on the stock.

SARO has been the topic of several other research reports. JPMorgan Chase & Co. started coverage on StandardAero in a report on Monday, October 28th. They set an “overweight” rating and a $36.00 price objective on the stock. Jefferies Financial Group assumed coverage on StandardAero in a research report on Monday, October 28th. They set a “buy” rating and a $38.00 price target on the stock. Royal Bank of Canada started coverage on StandardAero in a research note on Monday, October 28th. They issued an “outperform” rating and a $37.00 price objective for the company. Sanford C. Bernstein started coverage on shares of StandardAero in a research report on Monday, October 28th. They set an “outperform” rating and a $39.00 target price on the stock. Finally, Wolfe Research began coverage on shares of StandardAero in a research report on Monday, October 28th. They issued an “outperform” rating and a $34.00 price target for the company. Three equities 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 MarketBeat.com, StandardAero has a consensus rating of “Moderate Buy” and a consensus target price of $35.67.

StandardAero Stock Down 3.0 %

NYSE SARO opened at $28.50 on Wednesday. StandardAero has a 12 month low of $26.78 and a 12 month high of $34.38.

Insider Activity at StandardAero

In related news, major shareholder Private Ltd Gic sold 2,900,552 shares of the 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 completion of the transaction, the insider now directly owns 47,447,058 shares of the company’s stock, valued at $1,078,946,098.92. This represents a 5.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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.