AerSale (NASDAQ:ASLE) Upgraded at Wall Street Zen

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

ASLE has been the subject of a number of other research reports. Royal Bank Of Canada raised their price objective 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. Weiss Ratings reiterated a “hold (c-)” rating on shares of AerSale in a report on Wednesday, October 8th. Truist Financial raised their price objective on shares of AerSale from $6.00 to $7.00 and gave the company a “hold” rating in a report on Wednesday, October 15th. Finally, Zacks Research lowered shares of AerSale from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 8th. Five investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, AerSale presently has a consensus rating of “Hold” and an average price target of $7.50.

AerSale Stock Down 0.4%

Shares of NASDAQ ASLE opened at $7.42 on Friday. The company has a 50 day simple moving average of $8.13 and a 200 day simple moving average of $7.06. The firm has a market cap of $350.08 million, a PE ratio of 53.00 and a beta of 0.26. AerSale has a 1 year low of $5.16 and a 1 year 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.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. raised its holdings in AerSale by 37.8% during 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. raised its holdings in AerSale by 85.4% during the 1st quarter. SBI Securities Co. Ltd. now owns 6,732 shares of the company’s stock worth $50,000 after purchasing an additional 3,100 shares during the last quarter. Quantbot Technologies LP raised its holdings in AerSale by 133.1% during the 1st quarter. Quantbot Technologies LP now owns 7,500 shares of the company’s stock worth $56,000 after purchasing an additional 4,282 shares during the last quarter. Fox Run Management L.L.C. bought a new position in AerSale during the 2nd quarter worth approximately $66,000. Finally, Callan Family Office LLC bought a new position in AerSale during the 2nd quarter worth approximately $74,000. Institutional investors 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).