StandardAero (NYSE:SARO) Earns Buy Rating from BTIG Research

StandardAero (NYSE:SARO – Get Free Report)‘s stock had its “buy” rating reissued by stock analysts at BTIG Research in a research report issued to clients and investors on Monday, Benzinga reports. They presently have a $35.00 target price on the stock. BTIG Research‘s price objective would indicate a potential upside of 27.24% from the company’s current price.

A number of other analysts also recently issued reports on SARO. Sanford C. Bernstein reissued an “outperform” rating on shares of StandardAero in a research report on Monday, August 24th. Susquehanna reiterated a “negative” rating on shares of StandardAero in a research note on Thursday, October 1st. Bank of America decreased their price objective on StandardAero from $35.00 to $27.00 and set a “neutral” rating for the company in a report on Thursday, September 17th. Guggenheim began coverage on StandardAero in a research note on Monday, September 14th. They issued a “neutral” rating on the stock. Finally, Jefferies Financial Group restated a “hold” rating and issued a $28.00 price objective on shares of StandardAero in a research note on Monday. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.55.

Check Out Our Latest Research Report on StandardAero

StandardAero Trading Down 0.4%

Shares of SARO stock opened at $27.51 on Monday. The company has a quick ratio of 1.74, a current ratio of 2.26 and a debt-to-equity ratio of 0.87. The firm has a market cap of $9.10 billion, a P/E ratio of 26.20 and a beta of 0.82. The company has a 50 day moving average of $22.70 and a 200-day moving average of $26.54. StandardAero has a 12-month low of $19.56 and a 12-month high of $34.48.

StandardAero (NYSE:SARO – Get Free Report) last posted its quarterly earnings data on Thursday, November 5th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.38 by $0.01. StandardAero had a return on equity of 16.27% and a net margin of 5.46%. The business had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter in the prior year, the business earned $0.20 earnings per share. StandardAero’s revenue for the quarter was up 4.0% on a year-over-year basis. Sell-side analysts anticipate that StandardAero will post 1.50 earnings per share for the current year.

Institutional Trading of StandardAero

Institutional investors and hedge funds have recently modified their holdings of the business. Russell Investments Group Ltd. boosted its position in shares of StandardAero by 24.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 215,027 shares of the company’s stock valued at $4,591,000 after acquiring an additional 42,603 shares during the last quarter. AlphaCore Capital LLC increased its position in shares of StandardAero by 91.8% in the third quarter. AlphaCore Capital LLC now owns 12,827 shares of the company’s stock worth $274,000 after purchasing an additional 6,140 shares during the last quarter. Retirement Systems of Alabama raised its stake in StandardAero by 16.4% in the third quarter. Retirement Systems of Alabama now owns 228,018 shares of the company’s stock valued at $4,868,000 after purchasing an additional 32,068 shares in the last quarter. Ethic Inc. raised its stake in StandardAero by 34.6% in the third quarter. Ethic Inc. now owns 47,595 shares of the company’s stock valued at $1,016,000 after purchasing an additional 12,242 shares in the last quarter. Finally, Parallel Advisors LLC raised its stake in StandardAero by 277.0% in the third quarter. Parallel Advisors LLC now owns 2,978 shares of the company’s stock valued at $64,000 after purchasing an additional 2,188 shares in the last quarter.

About StandardAero

(Get Free Report)

StandardAero is a provider of maintenance, repair and overhaul services for the aerospace and aviation industries. Its work includes servicing and repairing aircraft engines, airframes and related components, as well as providing engineering and other technical support.

The company serves customers across business and general aviation, commercial aviation, military and helicopter markets. Its services support aircraft operators, airlines, original equipment manufacturers and government organizations, with operations and facilities serving customers in multiple regions worldwide.

StandardAero traces its history to 1911, when it began as Standard Machine Works in Winnipeg, Canada.

Further Reading

Analyst Recommendations for StandardAero (NYSE:SARO)

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