StandardAero (NYSE:SARO) Now Covered by Analysts at Susquehanna

Susquehanna began coverage on shares of StandardAero (NYSE:SARO) in a report issued on Wednesday morning, MarketBeat Ratings reports. The brokerage issued a positive rating and a $34.00 target price on the stock.

A number of other equities research analysts also recently issued reports on SARO. CIBC lowered their price objective on StandardAero from $35.00 to $34.00 and set an “outperformer” rating on the stock in a research report on Tuesday, July 8th. Barclays started coverage on StandardAero in a research report on Friday, September 12th. They issued an “equal weight” rating and a $32.00 price objective on the stock. Finally, Wall Street Zen downgraded StandardAero from a “buy” rating to a “hold” rating in a research report on Saturday, June 14th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $34.36.

StandardAero Price Performance

StandardAero stock opened at $27.47 on Wednesday. StandardAero has a one year low of $21.31 and a one year high of $34.38. The business has a fifty day moving average price of $27.91 and a 200-day moving average price of $28.05. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.15 and a quick ratio of 1.49. The firm has a market capitalization of $9.19 billion and a P/E ratio of 67.00.

StandardAero (NYSE:SARO) last issued its quarterly earnings data on Wednesday, August 13th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). StandardAero had a return on equity of 8.87% and a net margin of 2.37%.The business had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter last year, the business posted $0.02 EPS. The company’s quarterly revenue was up 13.5% on a year-over-year basis. StandardAero has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that StandardAero will post 0.29 EPS for the current year.

Institutional Trading of StandardAero

Several large investors have recently modified their holdings of the business. Hudson Bay Capital Management LP grew its stake in shares of StandardAero by 97.8% in the second quarter. Hudson Bay Capital Management LP now owns 237,351 shares of the company’s stock worth $7,512,000 after purchasing an additional 117,351 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in StandardAero by 836.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,345 shares of the company’s stock valued at $138,000 after acquiring an additional 3,881 shares in the last quarter. Corient Private Wealth LLC bought a new stake in StandardAero during the 2nd quarter valued at approximately $222,000. Rafferty Asset Management LLC boosted its position in StandardAero by 44.7% during the 2nd quarter. Rafferty Asset Management LLC now owns 34,046 shares of the company’s stock valued at $1,078,000 after acquiring an additional 10,524 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its position in StandardAero by 53.0% during the 2nd quarter. Lazard Asset Management LLC now owns 193,911 shares of the company’s stock valued at $6,136,000 after acquiring an additional 67,138 shares in the last quarter.

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.