CIBC analyst Krista Friesen initiates coverage on $StandardAero (SARO.US)$ with a buy rating, and sets the target price at $38.
According to TipRanks data, the analyst has a success rate of 50.0% and a total average return of 0.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $StandardAero (SARO.US)$'s main analysts recently are as follows:
The company is perceived as a proficiently managed commercial aerospace maintenance, overhaul, and repair business with potential for growth. Nevertheless, the role as a 'wrench-turner' rather than a 'part-maker' may cap the margin upside that is often linked with the aerospace aftermarket.
The demand for engine maintenance is perceived to be robust, however, the risk/reward for StandardAero is considered balanced at the present valuations, especially given that the stock has appreciated 30% since the company went public.
StandardAero is recognized for its distinct advantage in the engine aftermarket sector, benefiting from factors such as an aging aircraft fleet and a lull in new aircraft deliveries. Despite these favorable conditions, it appears that the current market valuation is already anticipating a strong growth trajectory over the coming 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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