Royal Bank Of Canada Issues Pessimistic Forecast for StandardAero (NYSE:SARO) Stock Price

StandardAero (NYSE:SARO) had its price objective decreased by analysts at Royal Bank Of Canada from $37.00 to $34.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target would suggest a potential upside of 38.50% from the company’s current price.

Other research analysts have also recently issued research reports about the company. BTIG Research initiated coverage on StandardAero in a research note on Thursday, April 2nd. They issued a “buy” rating and a $35.00 target price on the stock. Susquehanna set a $38.00 target price on StandardAero in a research note on Thursday, January 15th. Sanford C. Bernstein reissued an “outperform” rating and issued a $39.00 target price on shares of StandardAero in a research note on Tuesday, February 24th. UBS Group raised their price objective on StandardAero from $34.00 to $35.00 and gave the company a “neutral” rating in a research note on Thursday, February 26th. Finally, Zacks Research raised StandardAero from a “strong sell” rating to a “strong-buy” rating in a research note on Friday, February 27th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.40.

StandardAero Price Performance

SARO traded down $0.31 during trading on Friday, reaching $24.55. The stock had a trading volume of 827,292 shares, compared to its average volume of 4,306,324. The stock has a market cap of $8.17 billion, a PE ratio of 29.54 and a beta of 1.35. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.57 and a current ratio of 2.20. StandardAero has a one year low of $23.83 and a one year high of $34.48. The business has a 50-day moving average of $27.21 and a 200-day moving average of $28.23.

StandardAero (NYSE:SARO) last released its earnings results on Wednesday, February 25th. The company reported $0.24 EPS for the quarter, meeting analysts’ consensus estimates of $0.24. The business had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.57 billion. StandardAero had a return on equity of 10.88% and a net margin of 4.58%.The firm’s revenue was up 13.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.04) earnings per share. StandardAero has set its FY 2026 guidance at 1.350-1.450 EPS. As a group, equities research analysts anticipate that StandardAero will post 1.41 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Russell Wayne Ford sold 10,638 shares of the firm’s stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $27.36, for a total value of $291,055.68. Following the sale, the chief executive officer directly owned 14,342 shares of the company’s stock, valued at $392,397.12. This trade represents a 42.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Daniel Satterfield sold 2,306 shares of the firm’s stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $27.36, for a total value of $63,092.16. Following the completion of the sale, the chief financial officer directly owned 6,232 shares in the company, valued at $170,507.52. The trade was a 27.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 139,337 shares of company stock valued at $4,156,260 over the last ninety days. Corporate insiders own 1.90% of the company’s stock.

Institutional Trading of StandardAero

Large investors have recently modified their holdings of the business. Comerica Bank bought a new stake in shares of StandardAero in the first quarter worth about $26,000. State of Wyoming purchased a new stake in StandardAero in the third quarter worth about $27,000. First Horizon Corp purchased a new stake in StandardAero in the third quarter worth about $34,000. Aventura Private Wealth LLC purchased a new stake in StandardAero in the fourth quarter worth about $45,000. Finally, Danske Bank A S purchased a new stake in StandardAero in the third quarter worth about $82,000.

About StandardAero

StandardAero is a global aerospace maintenance, repair and overhaul (MRO) provider specializing in gas turbine engines, auxiliary power units (APUs), airframe components and oil & gas rotating equipment. The company offers a full suite of technical services including engine repair and overhaul, component repair, accessory maintenance, parts manufacturing and on-site field support. Its customer base spans commercial airlines, business and general aviation operators, regional carriers, original equipment manufacturers (OEMs) and defense organizations.

With roots dating back to 1911, StandardAero has grown through strategic acquisitions and organic expansion to become one of the largest independent MRO providers in the industry.