StandardAero (SARO) to Replace FYBR in S&P MidCap 400 on January 22
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1d ago
0mins
Source: seekingalpha
- Stock Price Surge: StandardAero's shares rose 6.25% in after-hours trading on Friday, reflecting market optimism regarding its inclusion in the S&P MidCap 400 index, indicating investor confidence in its future growth potential.
- Enhanced Industry Position: Specializing in aerospace engine aftermarket services for fixed and rotary wing aircraft, StandardAero's strong performance in the MRO sector provides a unique investment opportunity, further solidifying its market position in the aviation industry.
- Acquisition Dynamics: Verizon Communications (VZ) is acquiring Frontier Communications Parent (FYBR), with the deal expected to close soon, which may influence market attention towards StandardAero, especially in the context of the intersection between the aviation and telecommunications sectors.
- Investor Conference: StandardAero showcased its robust aerospace MRO capabilities at the Bernstein Insights 4th Annual Industrials Forum Investor Conference, drawing investor interest and indicating a favorable growth outlook as the aerospace earnings season approaches.
Analyst Views on FYBR
Wall Street analysts forecast FYBR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FYBR is 38.50 USD with a low forecast of 38.50 USD and a high forecast of 38.50 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
0 Buy
2 Hold
0 Sell
Hold
Current: 38.490
Low
38.50
Averages
38.50
High
38.50
Current: 38.490
Low
38.50
Averages
38.50
High
38.50
About FYBR
Frontier Communications Parent, Inc. is a pure-play fiber provider in the United States. The Company offers a portfolio of communications and technology services for consumer and business customers. These services are offered on either a standalone basis or in a bundled package based on individual customer needs. Its services include data and Internet services, voice services, video services, access services, advanced hardware and network solutions, and bundles. It offers voice services, including data-based Voice Over Internet Protocol (VoIP) and unified communications as a service (UCaaS), long-distance and voice messaging services, to consumer and business customers in all its markets. It provides video services under the Frontier TV brand in some of its markets, including portions of California, Indiana, Texas, Florida, and Connecticut. Its switched access services allow other carriers to use its facilities to originate and terminate their local and long-distance voice traffic.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
