Shares of AerSale Corporation (NASDAQ:ASLE – Get Free Report) have earned a consensus recommendation of “Reduce” from the five analysts that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $6.83.
A number of equities analysts have recently issued reports on the company. Zacks Research cut AerSale from a “hold” rating to a “strong sell” rating in a report on Thursday, August 27th. Wall Street Zen lowered AerSale from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of AerSale in a research note on Wednesday, August 12th. B. Riley Financial began coverage on AerSale in a research report on Monday, June 29th. They issued a “neutral” rating and a $7.50 price target on the stock. Finally, Royal Bank Of Canada dropped their price objective on AerSale from $8.00 to $7.00 and set a “sector perform” rating for the company in a research note on Monday, August 10th.
Get Our Latest Research Report on ASLE
AerSale Price Performance
AerSale (NASDAQ:ASLE – Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.15). AerSale had a negative net margin of 1.23% and a negative return on equity of 0.27%. The business had revenue of $70.93 million during the quarter, compared to the consensus estimate of $81.24 million. As a group, equities research analysts anticipate that AerSale will post 0.03 earnings per share for the current fiscal year.
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. raised its holdings in shares of AerSale by 39.0% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 8,829 shares of the company’s stock valued at $55,000 after buying an additional 2,477 shares during the last quarter. The Manufacturers Life Insurance Company bought a new stake in AerSale during the 2nd quarter worth about $65,000. WINTON GROUP Ltd bought a new stake in AerSale during the 2nd quarter worth about $115,000. State of Wyoming grew its holdings in AerSale by 102.5% during the 1st quarter. State of Wyoming now owns 18,207 shares of the company’s stock worth $113,000 after acquiring an additional 9,218 shares during the last quarter. Finally, Bank of America Corp DE acquired a new stake in AerSale in the 2nd quarter valued at about $158,000. Institutional investors and hedge funds own 69.48% of the company’s stock.
About AerSale
AerSale Corporation is an aviation aftermarket company that provides aircraft, engine and component services to commercial airlines, lessors, government agencies and other aviation operators. The company sources and sells used serviceable material, aircraft and engines, while also providing maintenance, repair and overhaul services for airframes, engines and components.
AerSale’s business includes the sale and lease of whole aircraft and engines, aircraft disassembly and parts distribution, and technical support services.
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