StandardAero (NYSE:SARO) Reaches New 12-Month Low – Here’s Why

StandardAero, Inc. (NYSE:SARO) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $24.53 and last traded at $24.54, with a volume of 1274726 shares traded. The stock had previously closed at $24.76.

Analyst Upgrades and Downgrades

Several brokerages recently commented on SARO. Sanford C. Bernstein started coverage on StandardAero in a research note on Monday, October 28th. They issued an “outperform” rating and a $39.00 price target on the stock. Morgan Stanley began coverage on shares of StandardAero in a report on Monday, October 28th. They issued an “equal weight” rating and a $33.00 target price on the stock. Cibc World Mkts raised shares of StandardAero to a “strong-buy” rating in a report on Monday, October 28th. CIBC began coverage on shares of StandardAero in a research note on Monday, October 28th. They set a “sector outperform” rating and a $38.00 price objective on the stock. Finally, Jefferies Financial Group began coverage on shares of StandardAero in a research note on Monday, October 28th. They issued a “buy” rating and a $38.00 target price for the company. Three 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 stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $35.67.

StandardAero Stock Performance

The firm has a 50-day moving average of $27.79.

About StandardAero

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.