StandardAero (NYSE:SARO) Price Target Cut to $27.00 by Analysts at Bank of America

StandardAero (NYSE:SARO) had its price target lowered by equities researchers at Bank of America from $35.00 to $27.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Bank of America‘s target price indicates a potential upside of 19.71% from the company’s previous close.

SARO has been the topic of several other reports. Guggenheim began coverage on StandardAero in a report on Monday. They set a “neutral” rating on the stock. Jefferies Financial Group downgraded shares of StandardAero from a “buy” rating to a “hold” rating and decreased their price target for the company from $34.00 to $30.00 in a research note on Tuesday, June 2nd. Wall Street Zen upgraded shares of StandardAero from a “hold” rating to a “buy” rating in a research report on Saturday, September 12th. Morgan Stanley set a $33.00 target price on shares of StandardAero in a report on Monday, August 10th. Finally, Weiss Ratings downgraded shares of StandardAero from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, September 11th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $34.75.

StandardAero Price Performance

SARO stock traded down $0.57 during trading on Thursday, reaching $22.55. The company’s stock had a trading volume of 2,069,539 shares, compared to its average volume of 4,003,130. The company’s fifty day moving average is $26.73 and its 200-day moving average is $26.83. StandardAero has a 1 year low of $22.47 and a 1 year high of $34.48. The company has a market capitalization of $7.46 billion, a P/E ratio of 23.26 and a beta of 0.85. The company has a quick ratio of 1.59, a current ratio of 2.13 and a debt-to-equity ratio of 0.84.

StandardAero (NYSE:SARO) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.08. The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.59 billion. StandardAero had a return on equity of 14.52% and a net margin of 5.12%.The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.20 EPS. StandardAero has set its FY 2026 guidance at 1.500-1.570 EPS. On average, research analysts expect that StandardAero will post 1.51 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Russell Ford sold 20,413 shares of the stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $30.56, for a total value of $623,821.28. Following the transaction, the chief executive officer directly owned 295,573 shares of the company’s stock, valued at approximately $9,032,710.88. This represents a 6.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders sold 191,423 shares of company stock worth $5,847,760. 2.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On StandardAero

Several hedge funds and other institutional investors have recently bought and sold shares of SARO. Carlyle Group Inc. purchased a new position in StandardAero in the second quarter valued at $2,529,998,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of StandardAero by 19.7% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 437,138 shares of the company’s stock worth $13,075,000 after acquiring an additional 72,089 shares in the last quarter. Vulcan Value Partners LLC acquired a new stake in shares of StandardAero during the 4th quarter valued at about $13,618,000. BlackRock Inc. acquired a new stake in shares of StandardAero during the 2nd quarter valued at about $646,128,000. Finally, Trinity Street Asset Management LLP purchased a new position in shares of StandardAero in the 1st quarter valued at about $25,692,000.

StandardAero Company Profile

StandardAero is an aviation maintenance, repair and overhaul (MRO) company that provides services for commercial, business and general aviation, military and government, and industrial aviation customers. Its offerings are designed to support the operation, reliability and service life of aircraft and aviation systems.

The company’s capabilities include maintenance, repair and overhaul services for aircraft engines, airframes, avionics and components. StandardAero also provides engine modifications, engine upgrades, engineering and technical services, parts support, and other specialized maintenance solutions for a range of aviation platforms.

StandardAero serves customers internationally through a network of facilities across North America, Europe and the Asia-Pacific region.