StandardAero (NYSE:SARO) Coverage Initiated by Analysts at Barclays

Key Points

• Barclays has initiated coverage on StandardAero (NYSE:SARO) with an "equal weight" rating and a price target of $32.00, indicating a potential upside of 16.83% from the current price.
• The company reported $0.20 earnings per share for the last quarter, which was below the consensus estimate, but revenue increased by 13.5% compared to the same quarter last year.
• StandardAero has received mixed ratings from analysts, with one Strong Buy, five Buy, and four Hold ratings, resulting in a consensus rating of "Moderate Buy" and an average target price of $34.40.

Barclays initiated coverage on shares of StandardAero (NYSE:SARO - Free Report) in a report issued on Friday, Marketbeat.com reports. The brokerage issued an equal weight rating and a $32.00 price target on the stock.

Several other equities research analysts also recently weighed in on the company. CIBC decreased their price objective on StandardAero from $35.00 to $34.00 and set an "outperformer" rating for the company in a report on Tuesday, July 8th. Wall Street Zen lowered StandardAero from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $34.36.

StandardAero Stock Up 1.4%

Shares of NYSE:SARO traded up $0.39 during trading on Friday, reaching $27.70. The stock had a trading volume of 829,131 shares, compared to its average volume of 2,246,153. The company has a market capitalization of $9.26 billion and a P/E ratio of 67.65. The company has a current ratio of 2.15, a quick ratio of 1.49 and a debt-to-equity ratio of 0.91. The firm's 50-day simple moving average is $27.96 and its 200 day simple moving average is $28.05. StandardAero has a one year low of $21.31 and a one year high of $34.38.

StandardAero (NYSE:SARO - Get Free Report) last posted its quarterly earnings results on Wednesday, August 13th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.21 by ($0.01). StandardAero had a return on equity of 8.87% and a net margin of 2.37%.The business had revenue of $1.53 billion for the quarter, compared to analysts' expectations of $1.50 billion. During the same period in the prior year, the business posted $0.02 earnings per share. The business's quarterly revenue was up 13.5% compared to the same quarter last year. StandardAero has set its FY 2025 guidance at EPS. As a group, research analysts expect that StandardAero will post 0.29 EPS for the current fiscal year.

Institutional Trading of StandardAero

A number of large investors have recently bought and sold shares of the business. Comerica Bank purchased a new stake in shares of StandardAero during the first quarter valued at approximately $26,000. Corebridge Financial Inc. lifted its holdings in shares of StandardAero by 46.8% during the 1st quarter. Corebridge Financial Inc. now owns 1,079 shares of the company's stock worth $29,000 after acquiring an additional 344 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of StandardAero by 272.3% during the first quarter. GAMMA Investing LLC now owns 1,128 shares of the company's stock valued at $30,000 after buying an additional 825 shares during the last quarter. First Horizon Advisors Inc. raised its stake in shares of StandardAero by 100.4% during the second quarter. First Horizon Advisors Inc. now owns 1,016 shares of the company's stock valued at $32,000 after acquiring an additional 509 shares during the last quarter. Finally, Parallel Advisors LLC raised its position in StandardAero by 798.1% during the 2nd quarter. Parallel Advisors LLC now owns 1,383 shares of the company's stock valued at $44,000 after purchasing an additional 1,229 shares during the last quarter.

StandardAero Company Profile

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.