AerSale (NASDAQ:ASLE) Rating Lowered to Buy at Wall Street Zen

AerSale (NASDAQ:ASLE) was downgraded by equities researchers at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued on Saturday.

Several other analysts also recently weighed in on the company. Weiss Ratings restated a “hold (c-)” rating on shares of AerSale in a research report on Friday. Zacks Research downgraded AerSale from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 8th. Royal Bank Of Canada upped their price objective on AerSale from $7.00 to $8.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 7th. Finally, Truist Financial upped their price objective on AerSale from $6.00 to $7.00 and gave the stock a “hold” rating in a research report on Wednesday, October 15th. Five investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, AerSale presently has a consensus rating of “Hold” and a consensus target price of $7.50.

AerSale Price Performance

Shares of ASLE stock opened at $7.95 on Friday. The company has a quick ratio of 0.82, a current ratio of 3.87 and a debt-to-equity ratio of 0.01. AerSale has a twelve month low of $5.16 and a twelve month high of $9.12. The company has a market cap of $375.08 million, a P/E ratio of 56.79 and a beta of 0.26. The business has a fifty day simple moving average of $8.26 and a 200 day simple moving average of $7.05.

Institutional Investors Weigh In On AerSale

Several institutional investors and hedge funds have recently made changes to their positions in ASLE. Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of AerSale by 37.8% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,536 shares of the company’s stock valued at $41,000 after buying an additional 1,519 shares during the period. Bank of New York Mellon Corp increased its stake in shares of AerSale by 7.1% in the first quarter. Bank of New York Mellon Corp now owns 101,334 shares of the company’s stock valued at $759,000 after buying an additional 6,683 shares during the period. Significant Wealth Partners LLC increased its stake in shares of AerSale by 13.6% in the first quarter. Significant Wealth Partners LLC now owns 74,677 shares of the company’s stock valued at $559,000 after buying an additional 8,919 shares during the period. SBI Securities Co. Ltd. increased its stake in shares of AerSale by 85.4% in the first quarter. SBI Securities Co. Ltd. now owns 6,732 shares of the company’s stock valued at $50,000 after buying an additional 3,100 shares during the period. Finally, Private Management Group Inc. increased its stake in shares of AerSale by 7.3% in the first quarter. Private Management Group Inc. now owns 1,191,512 shares of the company’s stock valued at $8,924,000 after buying an additional 81,378 shares during the period. Institutional investors and hedge funds own 69.48% of the company’s stock.

About AerSale

AerSale Corporation provides aftermarket commercial aircraft, engines, and its parts to passenger and cargo airlines, leasing companies, original equipment manufacturers, and government and defense contractors, as well as maintenance, repair, and overhaul (MRO) service providers worldwide. It operates in two segments, Asset Management Solutions and Technical Operations (TechOps).