Susquehanna Begins Coverage on StandardAero (NYSE:SARO)

Key Points

• Susquehanna has initiated coverage on StandardAero (NYSE:SARO) with a positive rating and a price target of $34.00, indicating a potential upside of 24.68% from the current price.
• StandardAero's consensus rating is classified as a Moderate Buy, with a variety of recent analyst ratings, including six Buy and four Hold ratings.
• The company reported $1.53 billion in revenue for the last quarter, surpassing expectations, though it slightly missed the earnings per share estimate with a report of $0.20.

Equities research analysts at Susquehanna assumed coverage on shares of StandardAero (NYSE:SARO - Get Free Report) in a note issued to investors on Wednesday, MarketBeat.com reports. The firm set a "positive" rating and a $34.00 price target on the stock. Susquehanna's price target suggests a potential upside of 23.14% from the stock's previous close.

Other research analysts have also recently issued reports about the stock. CIBC dropped their target price on shares of 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 cut shares of StandardAero from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. Finally, Barclays initiated coverage on shares of StandardAero in a report on Friday, September 12th. They issued an "equal weight" rating and a $32.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, StandardAero currently has an average rating of "Moderate Buy" and an average price target of $34.36.

StandardAero Stock Performance

NYSE SARO traded down $0.34 during trading hours on Wednesday, hitting $27.61. 3,087,153 shares of the stock were exchanged, compared to its average volume of 1,406,712. The company has a market cap of $9.23 billion and a price-to-earnings ratio of 67.34. StandardAero has a 12-month low of $21.31 and a 12-month high of $34.38. The stock has a 50-day moving average of $27.82 and a 200 day moving average of $28.07. 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 (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 the consensus estimate of $0.21 by ($0.01). The firm had revenue of $1.53 billion for the quarter, compared to analysts' expectations of $1.50 billion. StandardAero had a return on equity of 8.87% and a net margin of 2.37%.The company's revenue for the quarter was up 13.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.02 earnings per share. StandardAero has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that StandardAero will post 0.29 earnings per share for the current year.

Institutional Trading of StandardAero

Hedge funds have recently bought and sold shares of the company. Carlyle Group Inc. boosted its holdings in shares of StandardAero by 1,912.5% in the 1st quarter. Carlyle Group Inc. now owns 134,352,830 shares of the company's stock valued at $3,579,159,000 after purchasing an additional 127,676,968 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of StandardAero by 272.3% during the 1st quarter. GAMMA Investing LLC now owns 1,128 shares of the company's stock worth $30,000 after buying an additional 825 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of StandardAero by 83.8% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 16,626 shares of the company's stock worth $443,000 after buying an additional 7,578 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of StandardAero by 45.9% during the 1st quarter. Rhumbline Advisers now owns 73,365 shares of the company's stock worth $1,954,000 after buying an additional 23,086 shares during the last quarter. Finally, KBC Group NV acquired a new stake in shares of StandardAero during the 1st quarter worth $52,000.

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.