StandardAero (NYSE:SARO – Get Free Report) had its price target boosted by analysts at UBS Group from $32.00 to $34.00 in a note issued to investors on Friday, Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group‘s price objective indicates a potential upside of 23.60% from the stock’s previous close.
Several other brokerages also recently issued reports on SARO. Weiss Ratings downgraded StandardAero from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, September 11th. Sanford C. Bernstein restated an “outperform” rating on shares of StandardAero in a research note on Monday, August 24th. Wall Street Zen lowered StandardAero from a “buy” rating to a “hold” rating in a research report on Sunday, November 1st. Guggenheim began coverage on StandardAero in a research note on Monday, September 14th. They issued a “neutral” rating on the stock. Finally, Canadian Imperial Bank of Commerce reduced their price target on shares of StandardAero from $38.00 to $35.00 and set an “outperformer” rating for the company in a report on Monday, October 26th. Two 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 company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $33.27.
Get Our Latest Stock Report on SARO
StandardAero Stock Performance
SARO traded up $2.21 on Friday, hitting $27.51. 6,848,326 shares of the company’s stock were exchanged, compared to its average volume of 4,016,289. The firm has a market cap of $9.10 billion, a PE ratio of 28.36 and a beta of 0.82. StandardAero has a twelve month low of $19.56 and a twelve month high of $34.48. The stock has a fifty day moving average of $22.65 and a two-hundred day moving average of $26.56. The company has a current ratio of 2.13, a quick ratio of 1.59 and a debt-to-equity ratio of 0.84.
StandardAero (NYSE:SARO – Get Free Report) last issued its earnings results on Friday, November 6th. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. StandardAero had a return on equity of 14.52% and a net margin of 5.12%. The company had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same period in the previous year, the firm posted $0.20 earnings per share. StandardAero’s quarterly revenue was up 4.0% compared to the same quarter last year. On average, research analysts anticipate that StandardAero will post 1.50 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. Carlyle Group Inc. acquired a new position in StandardAero in the 2nd quarter valued at approximately $2,529,998,000. BlackRock Inc. bought a new position in shares of StandardAero during the 2nd quarter valued at $646,128,000. Allspring Global Investments Holdings LLC lifted its stake in shares of StandardAero by 42.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 15,081,516 shares of the company’s stock valued at $395,890,000 after purchasing an additional 4,523,693 shares during the last quarter. Jupiter Topco LLC acquired a new stake in shares of StandardAero in the 2nd quarter valued at $366,857,000. Finally, Janus Henderson Group PLC boosted its holdings in StandardAero by 7.3% in the first quarter. Janus Henderson Group PLC now owns 12,040,337 shares of the company’s stock worth $311,002,000 after purchasing an additional 816,276 shares in the last quarter.
About StandardAero
StandardAero is an aerospace maintenance, repair and overhaul (MRO) company that provides services for commercial and business aviation, military and government operators, and helicopter customers. The company supports aircraft throughout their operating life, helping customers maintain, repair, upgrade and return aircraft and components to service.
Its services include engine maintenance, repair and overhaul; airframe maintenance; avionics and electrical work; component and accessory repair; engineering; and aircraft modifications.
Further Reading
- Five stocks we like better than StandardAero
- Q3 Earnings Have Investors Wondering: Is Mercado Libre Finally a Buy?
- CVS Raised Its Outlook and Announced a Breakup—So Why Did the Stock Drop?
- Array and Shoals Are Merging: Who Really Wins the All-Stock Solar Deal?
- Duolingo’s User Growth Is Outpacing Bookings, But Is Its Strategy Paying Off?
Receive News & Ratings for StandardAero Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for StandardAero and related companies with MarketBeat.com's FREE daily email newsletter.
