AerSale (NASDAQ:ASLE) Stock Gets Price Target Reduction from B. Riley Financial

AerSale (NASDAQ:ASLE) had its price target decreased by B. Riley Financial from $6.00 to $5.50 in a research report released on Monday,Benzinga reports. B. Riley Financial currently has a neutral rating on the stock.

A number of other equities research analysts have also recently weighed in on ASLE. Zacks Research raised shares of AerSale from a “strong sell” rating to a “hold” rating in a research report on Friday, October 9th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of AerSale in a report on Wednesday, August 12th. Royal Bank Of Canada cut their target price on AerSale from $8.00 to $7.00 and set a “sector perform” rating on the stock in a research report on Monday, August 10th. Finally, Wall Street Zen cut AerSale from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. Three analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, AerSale currently has a consensus rating of “Reduce” and an average price target of $5.75.

AerSale Stock Up 3.7%

Shares of NASDAQ:ASLE opened at $5.37 on Monday. The firm has a 50 day simple moving average of $5.09 and a 200-day simple moving average of $6.16. AerSale has a twelve month low of $4.52 and a twelve month high of $7.93. The company has a current ratio of 3.80, a quick ratio of 0.76 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $256.31 million, a PE ratio of -13.77 and a beta of 0.23.

AerSale (NASDAQ:ASLE) last posted its earnings results on Thursday, November 5th. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.13). AerSale had a negative net margin of 5.76% and a negative return on equity of 0.73%. The company had revenue of $91.56 million during the quarter, compared to analysts’ expectations of $91.22 million. On average, equities analysts predict that AerSale will post 0.03 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new position in AerSale in the second quarter valued at $17,358,000. Private Management Group Inc. raised its holdings in shares of AerSale by 168.0% in the third quarter. Private Management Group Inc. now owns 2,974,446 shares of the company’s stock valued at $15,586,000 after buying an additional 1,864,641 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake 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 buying an additional 110,360 shares during the period. Raffles Associates LP acquired a new stake in shares of AerSale during the second quarter worth about $2,907,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of AerSale during the second quarter worth about $970,000. 69.48% of the stock is currently owned by institutional investors and hedge funds.

AerSale Company Profile

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.