StandardAero, Inc. (NYSE:SARO) Given Consensus Recommendation of “Moderate Buy” by Analysts

StandardAero, Inc. (NYSE:SARO) has earned a consensus rating of “Moderate Buy” from the ten brokerages that are covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $35.67.

SARO has been the subject of a number of research analyst reports. UBS Group increased their price target on shares of StandardAero from $27.00 to $28.00 and gave the company a “neutral” rating in a report on Tuesday. Bank of America dropped their target price on shares of StandardAero from $34.00 to $32.00 and set a “neutral” rating for the company in a report on Wednesday, November 27th.

Hedge Funds Weigh In On StandardAero

A number of institutional investors have recently made changes to their positions in the stock. Bessemer Group Inc. acquired a new position in StandardAero in the 4th quarter valued at about $28,000. R Squared Ltd acquired a new stake in shares of StandardAero during the 4th quarter worth $39,000. MetLife Investment Management LLC acquired a new stake in StandardAero in the 4th quarter valued at $54,000. PNC Financial Services Group Inc. purchased a new position in StandardAero in the fourth quarter valued at about $62,000. Finally, Sterling Capital Management LLC acquired a new position in shares of StandardAero during the fourth quarter worth about $78,000.

StandardAero Stock Up 7.8 %

Shares of StandardAero stock traded up $2.05 on Tuesday, reaching $28.35. 354,188 shares of the stock were exchanged, compared to its average volume of 1,665,963. StandardAero has a 1-year low of $22.50 and a 1-year high of $34.38. The stock’s fifty day simple moving average is $25.95.

StandardAero (NYSE:SARO) last issued its earnings results on Monday, March 10th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.20). The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.37 billion. The firm’s quarterly revenue was up 21.8% compared to the same quarter last year. Equities research analysts anticipate that StandardAero will post 0.29 EPS for the current year.

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.