AerSale Corporation (NASDAQ:ASLE) Stock Rated “Reduce” by Sell-Side Brokerages

AerSale Corporation (NASDAQ:ASLE – Get Free Report) has received an average recommendation of “Reduce” from the five analysts that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $6.33.

Several research firms recently weighed in on ASLE. Royal Bank Of Canada reduced their price objective on AerSale from $8.00 to $7.00 and set a “sector perform” rating on the stock in a research note on Monday, August 10th. Zacks Research raised AerSale from a “strong sell” rating to a “hold” rating in a research note on Friday, October 9th. Weiss Ratings reissued a “sell (d)” rating on shares of AerSale in a report on Wednesday, August 12th. B. Riley Financial dropped their target price on shares of AerSale from $7.50 to $6.00 and set a “neutral” rating for the company in a report on Wednesday. Finally, Wall Street Zen downgraded shares of AerSale from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th.

View Our Latest Research Report on ASLE

Hedge Funds Weigh In On AerSale

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Harel Insurance Investments & Financial Services Ltd. lifted its stake in shares of AerSale by 39.0% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 8,829 shares of the company’s stock valued at $55,000 after acquiring 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 $65,000. State of Wyoming grew its position 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. WINTON GROUP Ltd bought a new stake in AerSale during the 2nd quarter worth $115,000. Finally, Bfsg LLC increased its holdings in AerSale by 211.9% in the 3rd quarter. Bfsg LLC now owns 24,737 shares of the company’s stock worth $130,000 after purchasing an additional 16,807 shares in the last quarter. Institutional investors own 69.48% of the company’s stock.

AerSale Stock Up 3.0%

NASDAQ ASLE opened at $4.83 on Friday. The business has a fifty day moving average price of $5.19 and a two-hundred day moving average price of $6.27. The stock has a market capitalization of $230.54 million, a PE ratio of -60.38 and a beta of 0.37. AerSale has a fifty-two week low of $4.54 and a fifty-two week high of $7.93. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.27 and a quick ratio of 0.76.

AerSale (NASDAQ:ASLE – Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate 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. Equities analysts expect that AerSale will post 0.03 earnings per share for the current fiscal year.

About AerSale

(Get Free Report)

AerSale Corporation (NASDAQ:ASLE) is an aviation aftermarket company that provides products and services to commercial airlines, aircraft leasing companies, original equipment manufacturers, government agencies and other aviation customers. The company focuses primarily on commercial aircraft and engines, including aircraft sales and leasing support, component sourcing, and related asset management services.

AerSale also operates maintenance, repair and overhaul capabilities for aircraft, engines and components.

Further Reading

Analyst Recommendations for AerSale (NASDAQ:ASLE)

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