AerSale Corporation (NASDAQ:ASLE) Given Consensus Rating of “Reduce” by Analysts

Shares of AerSale Corporation (NASDAQ:ASLEGet Free Report) have been assigned an average rating of “Reduce” from the five research firms that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $6.8333.

Several equities research analysts recently issued reports on the stock. B. Riley Financial started coverage on shares of AerSale in a report on Monday, June 29th. They issued a “neutral” rating and a $7.50 target price for the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of AerSale in a report on Wednesday, August 12th. Royal Bank Of Canada dropped their price target on shares of AerSale from $8.00 to $7.00 and set a “sector perform” rating for the company in a research report on Monday, August 10th. Wall Street Zen cut shares of AerSale from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Finally, Zacks Research downgraded shares of AerSale from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 27th.

Get Our Latest Analysis on ASLE

AerSale Stock Performance

Shares of ASLE opened at $5.43 on Friday. The company has a quick ratio of 0.76, a current ratio of 3.27 and a debt-to-equity ratio of 0.01. The business has a 50-day simple moving average of $5.92 and a two-hundred day simple moving average of $6.35. The stock has a market cap of $259.16 million, a price-to-earnings ratio of -67.88 and a beta of 0.23. AerSale has a 52 week low of $5.27 and a 52 week high of $8.91.

AerSale (NASDAQ:ASLEGet Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.15). AerSale had a negative return on equity of 0.27% and a negative net margin of 1.23%.The company had revenue of $70.93 million during the quarter, compared to the consensus estimate of $81.24 million. On average, analysts expect that AerSale will post 0.03 EPS for the current year.

Institutional Investors Weigh In On AerSale

A number of institutional investors have recently bought and sold shares of the business. M3F Inc. raised its holdings in AerSale by 20.0% during the first quarter. M3F Inc. now owns 3,983,632 shares of the company’s stock valued at $24,778,000 after acquiring an additional 664,487 shares during the period. BlackRock Inc. bought a new position in shares of AerSale in the second quarter worth about $17,358,000. Vanguard Group Inc. boosted its stake in shares of AerSale by 29.3% in the third quarter. Vanguard Group Inc. now owns 1,965,792 shares of the company’s stock worth $16,100,000 after acquiring an additional 444,954 shares during the period. Marshall Wace LLP grew its position in shares of AerSale by 277.4% during the third quarter. Marshall Wace LLP now owns 1,509,517 shares of the company’s stock worth $12,363,000 after purchasing an additional 1,109,550 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of AerSale by 8.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,397,416 shares of the company’s stock worth $8,691,000 after purchasing an additional 110,360 shares in the last quarter. Hedge funds and other institutional investors own 69.48% of the company’s stock.

AerSale Company Profile

(Get Free Report)

AerSale Inc is an integrated aftermarket solutions provider serving the global commercial, defense and business aviation markets. The company specializes in aircraft and engine maintenance, repair and overhaul (MRO), asset leasing and aviation parts distribution. Its key offerings include airframe heavy maintenance, engine tear‐down and component overhaul, used serviceable material programs and end‐of‐life aircraft disassembly. Through these services, AerSale supports operators seeking to optimize fleet availability, extend asset life cycles and reduce maintenance costs.

Founded in 2009 and headquartered in Coral Gables, Florida, AerSale has grown through strategic acquisitions and organic expansion.

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Analyst Recommendations for AerSale (NASDAQ:ASLE)

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