StandardAero (NYSE:SARO) Stock Price Up 4.9% – Still a Buy?

Shares of StandardAero, Inc. (NYSE:SARO) were up 4.9% during trading on Thursday . The company traded as high as $26.13 and last traded at $26.11. Approximately 412,811 shares changed hands during trading, a decline of 78% from the average daily volume of 1,864,457 shares. The stock had previously closed at $24.90.

Analysts Set New Price Targets

SARO has been the topic of a number of analyst reports. Bank of America dropped their price target on StandardAero from $34.00 to $32.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 27th. Morgan Stanley assumed coverage on shares of StandardAero in a research note on Monday, October 28th. They issued an “equal weight” rating and a $33.00 target price on the stock. Royal Bank of Canada began coverage on shares of StandardAero in a research report on Monday, October 28th. They set an “outperform” rating and a $37.00 price target for the company. Sanford C. Bernstein began coverage on StandardAero in a research report on Monday, October 28th. They issued an “outperform” rating and a $39.00 price objective on the stock. Finally, Wolfe Research assumed coverage on StandardAero in a report on Monday, October 28th. They issued an “outperform” rating and a $34.00 target price for the company. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $35.67.

StandardAero Stock Up 8.2 %

The stock’s 50-day simple moving average is $26.12.

Hedge Funds Weigh In On StandardAero

A hedge fund recently bought a new stake in StandardAero stock. R Squared Ltd purchased a new position in StandardAero, Inc. (NYSE:SARO) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,580 shares of the company’s stock, valued at approximately $39,000.

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.