StandardAero (NYSE:SARO) Stock Gets Price Target Reduction from Royal Bank Of Canada

StandardAero (NYSE:SARO) had its price objective trimmed by Royal Bank Of Canada from $34.00 to $32.00 in a research note issued to investors on Wednesday morning,Benzinga reports. The brokerage currently has an outperform rating on the stock.

Other analysts also recently issued reports about the company. Morgan Stanley set a $33.00 price objective on StandardAero in a report on Monday, August 10th. Canadian Imperial Bank of Commerce decreased their target price on StandardAero from $38.00 to $35.00 and set an “outperformer” rating for the company in a report on Monday. Wall Street Zen upgraded shares of StandardAero from a “hold” rating to a “buy” rating in a report on Saturday, October 24th. Weiss Ratings lowered shares of StandardAero from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, September 11th. Finally, JPMorgan Chase & Co. raised their target price on shares of StandardAero from $38.00 to $40.00 and gave the company an “overweight” rating in a research note on Monday, August 10th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.45.

StandardAero Stock Down 1.7%

Shares of StandardAero stock opened at $23.38 on Wednesday. StandardAero has a one year low of $19.56 and a one year high of $34.48. The firm has a fifty day moving average of $22.62 and a two-hundred day moving average of $26.70. The company has a market cap of $7.74 billion, a P/E ratio of 24.10 and a beta of 0.91. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.59 and a current ratio of 2.13.

StandardAero (NYSE:SARO) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.32 by $0.08. StandardAero had a net margin of 5.12% and a return on equity of 14.52%. The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.59 billion. During the same quarter last year, the business earned $0.20 earnings per share. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. StandardAero has set its FY 2026 guidance at 1.500-1.570 EPS. On average, analysts forecast that StandardAero will post 1.50 earnings per share for the current year.

Insiders Place Their Bets

In other StandardAero news, CEO Russell Ford sold 20,413 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $30.56, for a total transaction of $623,821.28. Following the completion of the sale, the chief executive officer owned 295,573 shares in the company, valued at $9,032,710.88. This trade represents a 6.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders sold 112,203 shares of company stock worth $3,437,527. 2.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Carlyle Group Inc. bought a new position in shares of StandardAero during the second quarter worth $2,529,998,000. BlackRock Inc. bought a new stake in shares of StandardAero in the 2nd quarter valued at $646,128,000. Allspring Global Investments Holdings LLC raised its stake in StandardAero by 42.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 15,081,516 shares of the company’s stock worth $395,890,000 after buying an additional 4,523,693 shares during the period. Jupiter Topco LLC bought a new stake in StandardAero during the 2nd quarter worth approximately $366,857,000. Finally, Janus Henderson Group PLC raised its holdings in StandardAero by 7.3% during the 1st quarter. Janus Henderson Group PLC now owns 12,040,337 shares of the company’s stock worth $311,002,000 after buying an additional 816,276 shares during the period.

StandardAero Company Profile

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.