BofA Securities analyst Ronald Epstein initiates coverage on $StandardAero (SARO.US)$ with a hold rating, and sets the target price at $34.
According to TipRanks data, the analyst has a success rate of 63.1% and a total average return of 12.3% over the past year.
Furthermore, according to the comprehensive report, the opinions of $StandardAero (SARO.US)$'s main analysts recently are as follows:
StandardAero is recognized as a proficiently managed business in the commercial aerospace maintenance, overhaul, and repair sector, presenting future growth prospects. Nevertheless, the company's role as a service provider, rather than a parts manufacturer, could restrict the margin expansion commonly linked with the aerospace aftermarket.
The demand for engine maintenance is perceived to be robust, but it's assessed that the risk/reward for StandardAero is currently balanced, given that the stock has increased by 30% since the company went public.
StandardAero is recognized for its positive attributes, such as its exclusive focus on the engine aftermarket and beneficial industry tailwinds from an aging fleet in the context of reduced new aircraft deliveries. Nevertheless, the current stock valuation seems to already account for anticipated substantial growth over multiple years.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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