StandardAero, Inc. (NYSE:SARO) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

StandardAero, Inc. (NYSE:SARO) has earned a consensus recommendation of “Moderate Buy” from the fourteen analysts that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $34.4167.

Several research firms have commented on SARO. Barclays began coverage on shares of StandardAero in a research report on Friday, September 12th. They set an “equal weight” rating and a $32.00 target price on the stock. Wall Street Zen downgraded StandardAero from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. Zacks Research downgraded StandardAero from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 14th. CIBC cut their price objective on StandardAero from $35.00 to $34.00 and set an “outperformer” rating on the stock in a research note on Tuesday, July 8th. Finally, Susquehanna initiated coverage on StandardAero in a research note on Wednesday, September 17th. They issued a “positive” rating and a $34.00 price objective on the stock.

Insider Buying and Selling at StandardAero

In other StandardAero news, insider Alex Trapp sold 73,718 shares of the company’s stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $28.06, for a total transaction of $2,068,527.08. Following the completion of the sale, the insider directly owned 16,908 shares in the company, valued at $474,438.48. This represents a 81.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last quarter, insiders sold 90,626 shares of company stock valued at $2,554,051.

Institutional Investors Weigh In On StandardAero

Several hedge funds have recently made changes to their positions in SARO. Comerica Bank bought a new stake in shares of StandardAero in the first quarter valued at about $26,000. Corebridge Financial Inc. lifted its stake in shares of StandardAero by 46.8% in the first quarter. Corebridge Financial Inc. now owns 1,079 shares of the company’s stock valued at $29,000 after buying an additional 344 shares during the period. GAMMA Investing LLC lifted its stake in shares of StandardAero by 272.3% in the first quarter. GAMMA Investing LLC now owns 1,128 shares of the company’s stock valued at $30,000 after buying an additional 825 shares during the period. First Horizon Advisors Inc. lifted its stake in shares of StandardAero by 100.4% in the second quarter. First Horizon Advisors Inc. now owns 1,016 shares of the company’s stock valued at $32,000 after buying an additional 509 shares during the period. Finally, Parallel Advisors LLC lifted its stake in shares of StandardAero by 798.1% in the second quarter. Parallel Advisors LLC now owns 1,383 shares of the company’s stock valued at $44,000 after buying an additional 1,229 shares during the period.

StandardAero Price Performance

NYSE SARO opened at $28.41 on Wednesday. The company has a quick ratio of 1.49, a current ratio of 2.15 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $9.50 billion and a PE ratio of 69.29. The company has a 50 day moving average price of $27.09 and a two-hundred day moving average price of $27.99. StandardAero has a 12-month low of $21.31 and a 12-month high of $32.19.

StandardAero (NYSE:SARO) last posted its earnings results 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). The business had revenue of $1.53 billion during 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%. StandardAero’s revenue was up 13.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.02 earnings per share. StandardAero has set its FY 2025 guidance at EPS. As a group, equities analysts predict that StandardAero will post 0.29 earnings per share for the current fiscal year.

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.