AerSale (NASDAQ:ASLE) Stock Price Expected to Rise, Truist Financial Analyst Says

AerSale (NASDAQ:ASLE) had its price objective upped by investment analysts at Truist Financial from $6.00 to $7.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a “hold” rating on the stock. Truist Financial’s target price would indicate a potential downside of 4.50% from the company’s previous close.

ASLE has been the subject of several other research reports. Royal Bank Of Canada raised their target price on AerSale from $7.00 to $8.00 and gave the company a “sector perform” rating in a research note on Thursday, August 7th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of AerSale in a research note on Wednesday, October 8th. Wall Street Zen cut AerSale from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 5th. Finally, Zacks Research cut AerSale from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 8th. Five analysts have rated the stock with a Hold rating, According to MarketBeat, AerSale currently has a consensus rating of “Hold” and a consensus target price of $7.50.

AerSale Trading Down 2.9%

Shares of ASLE stock opened at $7.33 on Wednesday. The stock has a 50-day simple moving average of $8.38 and a 200 day simple moving average of $7.03. AerSale has a fifty-two week low of $4.94 and a fifty-two week high of $9.12. The stock has a market capitalization of $345.83 million, a P/E ratio of 52.36 and a beta of 0.26. The company has a quick ratio of 0.82, a current ratio of 3.87 and a debt-to-equity ratio of 0.01.

Institutional Investors Weigh In On AerSale

A number of large investors have recently made changes to their positions in the company. M3F Inc. boosted its position in AerSale by 97.7% during the 1st quarter. M3F Inc. now owns 3,119,698 shares of the company’s stock worth $23,367,000 after acquiring an additional 1,541,724 shares during the period. Acadian Asset Management LLC acquired a new stake in AerSale during the 1st quarter worth about $4,377,000. Nuveen LLC acquired a new stake in AerSale during the 1st quarter worth about $1,966,000. First Pacific Advisors LP acquired a new stake in AerSale during the 2nd quarter worth about $1,500,000. Finally, Brandywine Global Investment Management LLC acquired a new stake in AerSale during the 1st quarter worth about $1,450,000. 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).