StandardAero (NYSE:SARO) Coverage Initiated 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 began coverage on shares of StandardAero (NYSE:SARO - Get Free Report) in a report issued on Friday, Marketbeat.com reports. The brokerage set an "equal weight" rating and a $32.00 price target on the stock. Barclays's price target points to a potential upside of 16.83% from the company's current price.

Other equities analysts also recently issued reports about the stock. Wall Street Zen downgraded shares of StandardAero from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. CIBC dropped their price target on shares of StandardAero from $35.00 to $34.00 and set an "outperformer" rating on the stock in a research note on Tuesday, July 8th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $34.40.

StandardAero Price Performance

Shares of NYSE:SARO opened at $27.39 on Friday. The company's fifty day moving average is $28.18 and its two-hundred day moving average is $28.06. The company has a quick ratio of 1.49, a current ratio of 2.15 and a debt-to-equity ratio of 0.91. StandardAero has a 12-month low of $21.31 and a 12-month high of $34.38. The company has a market cap of $9.16 billion and a P/E ratio of 66.81.

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

Institutional Investors Weigh In On StandardAero

A number of large investors have recently bought and sold shares of SARO. Comerica Bank bought a new stake in StandardAero in the first quarter worth $26,000. Corebridge Financial Inc. boosted its holdings in StandardAero by 46.8% during the first quarter. Corebridge Financial Inc. now owns 1,079 shares of the company's stock valued at $29,000 after acquiring an additional 344 shares during the period. GAMMA Investing LLC boosted its holdings in 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 acquiring an additional 825 shares during the period. First Horizon Advisors Inc. boosted its holdings in 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 period. Finally, Parallel Advisors LLC boosted its holdings in StandardAero by 798.1% during the second quarter. Parallel Advisors LLC now owns 1,383 shares of the company's stock valued at $44,000 after acquiring an additional 1,229 shares during the period.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.