AerSale (NASDAQ:ASLE) Rating Increased to Strong-Buy at Wall Street Zen

AerSale (NASDAQ:ASLE) was upgraded by Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued on Sunday.

A number of other equities research analysts also recently weighed in on ASLE. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of AerSale in a research report on Wednesday, October 8th. Royal Bank Of Canada boosted their price objective on shares of AerSale from $7.00 to $8.00 and gave the company a “sector perform” rating in a research report on Thursday, August 7th. Zacks Research downgraded shares of AerSale from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 8th. Finally, Truist Financial boosted their price objective on shares of AerSale from $6.00 to $7.00 and gave the company a “hold” rating in a research report on Wednesday, October 15th. Five research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $7.50.

AerSale Price Performance

Shares of NASDAQ:ASLE opened at $7.42 on Friday. The company has a quick ratio of 0.82, a current ratio of 3.87 and a debt-to-equity ratio of 0.01. AerSale has a fifty-two week low of $5.16 and a fifty-two week high of $9.12. The firm has a 50-day simple moving average of $8.13 and a 200 day simple moving average of $7.06. The company has a market cap of $350.08 million, a PE ratio of 53.00 and a beta of 0.26.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. grew its position in AerSale by 37.8% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,536 shares of the company’s stock worth $41,000 after purchasing an additional 1,519 shares during 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 worth $50,000 after acquiring 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 worth $56,000 after acquiring an additional 4,282 shares during the period. Fox Run Management L.L.C. acquired a new stake in shares of AerSale in the 2nd quarter worth approximately $66,000. Finally, Callan Family Office LLC acquired a new stake in AerSale during the second quarter valued at approximately $74,000. 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).