Royal Bank of Canada Initiates Coverage on StandardAero (NYSE:SARO)

Royal Bank of Canada started coverage on shares of StandardAero (NYSE:SARO) in a research report sent to investors on Monday, Marketbeat Ratings reports. The firm issued an outperform rating and a $37.00 price target on the stock.

SARO has been the subject of several other research reports. Morgan Stanley started coverage on StandardAero in a report on Monday. They issued an “equal weight” rating and a $33.00 price target for the company. Bank of America began coverage on StandardAero in a research note on Monday. They set a “neutral” rating and a $34.00 price target for the company. Wolfe Research initiated coverage on shares of StandardAero in a research report on Monday. They set an “outperform” rating and a $34.00 target price for the company. Finally, Jefferies Financial Group assumed coverage on shares of StandardAero in a research note on Monday. They set a “buy” rating and a $38.00 price objective for the company. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $35.89.

StandardAero Stock Down 1.8 %

Shares of NYSE SARO opened at $28.85 on Monday. StandardAero has a 1 year low of $28.41 and a 1 year high of $34.38.

Insider Transactions at StandardAero

In other StandardAero news, major shareholder Private Ltd Gic sold 2,900,552 shares of the company’s stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $22.74, for a total transaction of $65,958,552.48. Following the sale, the insider now owns 47,447,058 shares in the company, valued at $1,078,946,098.92. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

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.