StandardAero, Inc. (NYSE:SARO) Receives $32.43 Consensus Price Target from Brokerages

StandardAero, Inc. (NYSE:SARO) has received a consensus recommendation of “Hold” from the eight analysts that are covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $32.4286.

Several equities research analysts have issued reports on the stock. Barclays assumed 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 for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of StandardAero in a report on Monday. Truist Financial started coverage on shares of StandardAero in a research report on Friday, October 10th. They issued a “buy” rating and a $35.00 target price for the company. Bank of America lowered their price target on StandardAero from $33.00 to $30.00 and set a “neutral” rating on the stock in a research report on Friday, November 14th. Finally, Wall Street Zen lowered StandardAero from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th.

StandardAero Price Performance

StandardAero stock opened at $24.57 on Friday. The stock has a market cap of $8.22 billion and a price-to-earnings ratio of 44.67. The company has a quick ratio of 1.48, a current ratio of 2.18 and a debt-to-equity ratio of 0.89. The business has a 50-day simple moving average of $27.30 and a 200 day simple moving average of $28.33. StandardAero has a 52 week low of $21.31 and a 52 week high of $31.97.

StandardAero (NYSE:SARO) last issued its quarterly earnings results on Monday, November 10th. The company reported $0.20 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.20. StandardAero had a return on equity of 9.63% and a net margin of 3.15%.The firm had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter last year, the company posted $0.06 EPS. The company’s revenue for the quarter was up 20.4% on a year-over-year basis. On average, research analysts forecast that StandardAero will post 0.29 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other StandardAero news, insider Alex Trapp sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $29.21, for a total value of $292,100.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders sold 90,626 shares of company stock valued at $2,554,051.

Institutional Investors Weigh In On StandardAero

Hedge funds have recently made changes to their positions in the business. Comerica Bank purchased a new stake in shares of StandardAero in the 1st quarter valued at $26,000. State of Wyoming bought a new stake in StandardAero in the third quarter worth $27,000. Corebridge Financial Inc. boosted its position in StandardAero by 46.8% during 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. First Horizon Advisors Inc. grew its stake in shares of StandardAero by 100.4% during 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 last quarter. Finally, First Horizon Corp bought a new position in shares of StandardAero during the third quarter valued at about $34,000.

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.