StandardAero (NYSE:SARO) Now Covered by JPMorgan Chase & Co.

JPMorgan Chase & Co. initiated coverage on shares of StandardAero (NYSE:SARO) in a research report released on Monday morning, MarketBeat.com reports. The firm issued an overweight rating and a $36.00 target price on the stock.

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

StandardAero Price Performance

NYSE:SARO opened at $28.85 on Monday. StandardAero has a 12 month low of $28.41 and a 12 month high of $34.38.

Insiders Place Their Bets

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

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.