AerSale (NASDAQ:ASLE) Cut to “Buy” at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen lowered shares of AerSale (NASDAQ:ASLE – Free Report) from a strong-buy rating to a buy rating in a research note published on Friday.

Other research analysts have also recently issued reports about the stock. Royal Bank Of Canada increased their price target on shares of AerSale from $7.00 to $8.00 and gave the company a “sector perform” rating in a report on Thursday, August 7th. Truist Financial lowered shares of AerSale from a “buy” rating to a “hold” rating and decreased their target price for the stock from $8.00 to $6.00 in a research report on Friday, July 11th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $7.00.

Check Out Our Latest Analysis on ASLE

AerSale Stock Down 0.7%

AerSale stock opened at $8.53 on Friday. The firm has a market capitalization of $402.45 million, a PE ratio of 60.93 and a beta of 0.27. The company’s 50-day moving average is $7.19 and its 200-day moving average is $6.93. AerSale has a fifty-two week low of $4.53 and a fifty-two week high of $9.12. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.87 and a quick ratio of 0.82.

Hedge Funds Weigh In On AerSale

A number of hedge funds have recently bought and sold shares of the company. M3F Inc. raised its stake in AerSale by 11.3% during the second quarter. M3F Inc. now owns 3,472,920 shares of the company’s stock worth $20,872,000 after buying an additional 353,222 shares during the last quarter. Private Management Group Inc. grew its holdings in AerSale by 7.3% in the first quarter. Private Management Group Inc. now owns 1,191,512 shares of the company’s stock worth $8,924,000 after purchasing an additional 81,378 shares during the period. Acadian Asset Management LLC grew its holdings in AerSale by 60.7% in the second quarter. Acadian Asset Management LLC now owns 940,582 shares of the company’s stock worth $5,646,000 after purchasing an additional 355,178 shares during the period. Hotchkis & Wiley Capital Management LLC grew its holdings in AerSale by 4.1% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 893,850 shares of the company’s stock worth $6,695,000 after purchasing an additional 34,880 shares during the period. Finally, Nuveen Asset Management LLC grew its holdings in AerSale by 22.4% in the fourth quarter. Nuveen Asset Management LLC now owns 572,882 shares of the company’s stock worth $3,609,000 after purchasing an additional 104,663 shares during the period. Institutional investors own 69.48% of the company’s stock.

AerSale Company Profile

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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).

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