StandardAero (NYSE:SARO) Price Target Lowered to $32.00 at Morgan Stanley

by · The Cerbat Gem

StandardAero (NYSE:SARO – Free Report) had its price target lowered by Morgan Stanley from $33.00 to $32.00 in a research note published on Friday morning,Benzinga reports. The firm currently has an equal weight rating on the stock.

Other analysts have also issued research reports about the company. Bank of America reduced their target price on StandardAero from $34.00 to $32.00 and set a “neutral” rating for the company in a report on Wednesday, November 27th. UBS Group increased their target price on StandardAero from $27.00 to $28.00 and gave the company a “neutral” rating in a report on Tuesday. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $34.89.

Check Out Our Latest Stock Analysis on SARO

StandardAero Price Performance

Shares of NYSE:SARO opened at $28.60 on Friday. StandardAero has a one year low of $22.50 and a one year high of $34.38. The firm’s fifty day moving average is $26.27.

StandardAero (NYSE:SARO – Get Free Report) last announced its quarterly earnings data on Monday, March 10th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.20). The firm had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.37 billion. StandardAero’s quarterly revenue was up 21.8% on a year-over-year basis. On average, equities research analysts expect that StandardAero will post 0.29 EPS for the current year.

Hedge Funds Weigh In On StandardAero

A number of hedge funds have recently modified their holdings of the stock. Wellington Management Group LLP acquired a new position in shares of StandardAero in the fourth quarter worth $183,924,000. Carlyle Group Inc. acquired a new position in StandardAero during the fourth quarter worth $165,294,000. T. Rowe Price Investment Management Inc. acquired a new position in StandardAero during the fourth quarter worth $161,324,000. Price T Rowe Associates Inc. MD acquired a new position in StandardAero during the fourth quarter worth $155,829,000. Finally, Vanguard Group Inc. acquired a new position in StandardAero during the fourth quarter worth $147,628,000.

StandardAero Company Profile

(Get Free Report)

StandardAero, Inc provides aerospace engine aftermarket services for fixed and rotary wing aircraft in the United States, Canada, the United Kingdom, Rest of Europe, Asia, and internationally. It operates in two segments, Engine Services and Component Repair Services. The Engine Services segment provides a suite of aftermarket services, including maintenance, repair and overhaul, on-wing and field service support, asset management, and engineering and related solutions to customers in the commercial aerospace, military and helicopter, and business aviation end markets.

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