AerSale (NASDAQ:ASLE) Stock Rating Lowered by Wall Street Zen

AerSale (NASDAQ:ASLE) was downgraded by stock analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report issued on Monday.

Other analysts have also issued reports about the stock. Royal Bank Of Canada increased their price objective on shares of AerSale from $7.00 to $8.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 7th. Truist Financial boosted their target price on AerSale from $6.00 to $7.00 and gave the company a “hold” rating in a research report on Wednesday, October 15th. Zacks Research downgraded AerSale from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 8th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of AerSale in a research note on Wednesday, October 8th. Four equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, AerSale has a consensus rating of “Reduce” and an average price target of $7.00.

AerSale Stock Down 0.3%

Shares of ASLE opened at $6.12 on Monday. The company has a market cap of $288.80 million, a PE ratio of 47.08 and a beta of 0.24. The business has a fifty day moving average of $7.85 and a 200 day moving average of $7.07. AerSale has a 52-week low of $5.56 and a 52-week high of $9.12. The company has a quick ratio of 0.82, a current ratio of 4.41 and a debt-to-equity ratio of 0.01.

AerSale (NASDAQ:ASLE) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.06). AerSale had a net margin of 1.73% and a return on equity of 2.10%. The firm had revenue of $71.19 million for the quarter, compared to the consensus estimate of $93.86 million. On average, sell-side analysts expect that AerSale will post 0.09 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Peapod Lane Capital LLC increased its holdings in AerSale by 1.1% during the 3rd quarter. Peapod Lane Capital LLC now owns 450,934 shares of the company’s stock worth $3,693,000 after purchasing an additional 4,986 shares during the period. Semanteon Capital Management LP bought a new position in shares of AerSale during the 3rd quarter worth $163,000. Hillsdale Investment Management Inc. bought a new position in shares of AerSale during the 3rd quarter worth $270,000. GSA Capital Partners LLP increased its stake in shares of AerSale by 4.5% during the third quarter. GSA Capital Partners LLP now owns 99,626 shares of the company’s stock valued at $816,000 after buying an additional 4,322 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of AerSale by 29.3% during the third quarter. Vanguard Group Inc. now owns 1,965,792 shares of the company’s stock valued at $16,100,000 after buying an additional 444,954 shares during the period. Institutional investors own 69.48% of the company’s stock.

AerSale Company Profile

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).