AerSale Corporation (NASDAQ:ASLE) Receives $7.50 Consensus Price Target from Analysts

Shares of AerSale Corporation (NASDAQ:ASLE) have been assigned an average rating of “Hold” from the five brokerages that are currently covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold recommendation. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $7.50.

A number of equities research analysts recently commented on the company. Truist Financial increased their price target on AerSale from $6.00 to $7.00 and gave the stock a “hold” rating in a research report on Wednesday, October 15th. Zacks Research lowered AerSale from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 8th. Wall Street Zen upgraded AerSale from a “buy” rating to a “strong-buy” rating in a research report on Sunday. Weiss Ratings restated a “hold (c-)” rating on shares of AerSale in a research report on Wednesday, October 8th. Finally, 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 report on Thursday, August 7th.

AerSale Stock Down 0.1%

NASDAQ ASLE opened at $7.41 on Tuesday. The firm has a market cap of $349.62 million, a PE ratio of 52.93 and a beta of 0.26. AerSale has a one year low of $5.31 and a one year high of $9.12. The stock’s 50 day simple moving average is $8.10 and its 200 day simple moving average is $7.06. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.87 and a quick ratio of 0.82.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in AerSale by 37.8% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,536 shares of the company’s stock worth $41,000 after buying an additional 1,519 shares in the last quarter. SBI Securities Co. Ltd. lifted its stake in shares of AerSale by 85.4% in the 1st quarter. SBI Securities Co. Ltd. now owns 6,732 shares of the company’s stock valued at $50,000 after purchasing an additional 3,100 shares during the period. Quantbot Technologies LP lifted its stake in shares of AerSale by 133.1% in the 1st quarter. Quantbot Technologies LP now owns 7,500 shares of the company’s stock valued at $56,000 after purchasing an additional 4,282 shares during the period. Fox Run Management L.L.C. acquired a new position in shares of AerSale in the 2nd quarter valued at $66,000. Finally, Callan Family Office LLC acquired a new position in shares of AerSale in the 2nd quarter valued at $74,000. 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).