Brokerages Set StandardAero, Inc. (NYSE:SARO) Price Target at $34.36

StandardAero, Inc. (NYSE:SARO) has received an average rating of “Moderate Buy” from the eleven research firms that are presently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $34.3636.

A number of research firms have issued reports on SARO. Susquehanna initiated coverage on shares of StandardAero in a research report on Wednesday, September 17th. They set a “positive” rating and a $34.00 target price on the stock. CIBC cut their price objective on shares of StandardAero from $35.00 to $34.00 and set an “outperformer” rating on the stock in a report on Tuesday, July 8th. Wall Street Zen raised shares of StandardAero from a “hold” rating to a “buy” rating in a report on Friday. Finally, Barclays began coverage on StandardAero in a research note on Friday, September 12th. They issued an “equal weight” rating and a $32.00 price target on the stock.

Insiders Place Their Bets

In other StandardAero news, insider Alex Trapp sold 73,718 shares of the stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $28.06, for a total value of $2,068,527.08. Following the transaction, the insider owned 16,908 shares of the company’s stock, valued at approximately $474,438.48. This represents a 81.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 80,626 shares of company stock valued at $2,261,951 over the last quarter.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Comerica Bank bought a new stake in shares of StandardAero in the first quarter worth about $26,000. First Horizon Advisors Inc. grew its position in shares of StandardAero by 100.4% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,016 shares of the company’s stock valued at $32,000 after purchasing an additional 509 shares during the period. Corebridge Financial Inc. grew its position in shares of StandardAero by 46.8% in the 1st quarter. Corebridge Financial Inc. now owns 1,079 shares of the company’s stock valued at $29,000 after purchasing an additional 344 shares during the period. GAMMA Investing LLC increased its stake in StandardAero by 272.3% during the 1st quarter. GAMMA Investing LLC now owns 1,128 shares of the company’s stock worth $30,000 after purchasing an additional 825 shares in the last quarter. Finally, Parallel Advisors LLC raised its holdings in StandardAero by 798.1% during the 2nd quarter. Parallel Advisors LLC now owns 1,383 shares of the company’s stock worth $44,000 after buying an additional 1,229 shares during the period.

StandardAero Stock Down 0.9%

NYSE SARO opened at $26.49 on Friday. The stock has a market capitalization of $8.86 billion and a P/E ratio of 64.62. StandardAero has a 52 week low of $21.31 and a 52 week high of $34.38. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.49 and a current ratio of 2.15. The stock has a fifty day moving average of $27.39 and a 200-day moving average of $28.03.

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

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.