StandardAero, Inc. (SARO) – What Are Brokerages Saying About This Stock?

Shares of StandardAero, Inc. (NYSE:SARO) have earned a consensus recommendation of “Moderate Buy” from the fifteen brokerages that are covering the company, Marketbeat reports. Six investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $33.45.

SARO has been the subject of several recent research reports. UBS Group upped their price target on StandardAero from $35.00 to $36.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Sanford C. Bernstein reiterated an “outperform” rating on shares of StandardAero in a research note on Monday, August 24th. Guggenheim assumed coverage on shares of StandardAero in a research report on Monday, September 14th. They set a “neutral” rating on the stock. Canadian Imperial Bank of Commerce decreased their price objective on shares of StandardAero from $38.00 to $35.00 and set an “outperformer” rating for the company in a research note on Monday, October 26th. Finally, JPMorgan Chase & Co. lifted their target price on shares of StandardAero from $38.00 to $40.00 and gave the stock an “overweight” rating in a research report on Monday, August 10th.

StandardAero Price Performance

Shares of SARO opened at $25.25 on Friday. StandardAero has a 12-month low of $19.56 and a 12-month high of $34.48. The business’s fifty day moving average is $22.65 and its 200 day moving average is $26.56. The company has a quick ratio of 1.59, a current ratio of 2.13 and a debt-to-equity ratio of 0.84. The stock has a market cap of $8.35 billion, a P/E ratio of 26.03 and a beta of 0.82.

StandardAero (NYSE:SARO) last issued its quarterly earnings data on Thursday, November 5th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. StandardAero had a net margin of 5.12% and a return on equity of 14.52%. The firm had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.56 billion. During the same period last year, the company earned $0.20 earnings per share. The business’s revenue 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 fiscal year.

Institutional Trading of StandardAero

A number of large investors have recently added to or reduced their stakes in SARO. AlphaCore Capital LLC lifted its stake in shares of StandardAero by 91.8% in the 3rd 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 period. Retirement Systems of Alabama raised its position in StandardAero by 16.4% in the third quarter. Retirement Systems of Alabama now owns 228,018 shares of the company’s stock worth $4,868,000 after acquiring an additional 32,068 shares during the period. Ethic Inc. increased its stake in shares of StandardAero by 34.6% in the 3rd quarter. Ethic Inc. now owns 47,595 shares of the company’s stock worth $1,016,000 after purchasing an additional 12,242 shares in the last quarter. Parallel Advisors LLC increased its stake in shares of StandardAero by 277.0% in the 3rd quarter. Parallel Advisors LLC now owns 2,978 shares of the company’s stock worth $64,000 after purchasing an additional 2,188 shares in the last quarter. Finally, CenterBook Partners LP raised its holdings in StandardAero by 224.5% in the 3rd quarter. CenterBook Partners LP now owns 50,576 shares of the company’s stock worth $1,080,000 after purchasing an additional 34,989 shares during the period.

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.