AerSale (NASDAQ:ASLE) Upgraded by Wall Street Zen to Strong-Buy Rating

Wall Street Zen upgraded shares of AerSale (NASDAQ:ASLE) from a buy rating to a strong-buy rating in a report released on Sunday morning.

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

AerSale Trading Down 0.4%

Shares of AerSale stock opened at $7.42 on Friday. AerSale has a 52-week low of $5.16 and a 52-week high of $9.12. The firm has a 50-day moving average of $8.13 and a 200-day moving average of $7.06. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.82 and a current ratio of 3.87. The stock has a market cap of $350.08 million, a PE ratio of 53.00 and a beta of 0.24.

Institutional Investors Weigh In On AerSale

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. M3F Inc. grew its holdings in shares of 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 purchasing an additional 353,222 shares in the last quarter. Private Management Group Inc. boosted its stake in shares of AerSale by 7.3% during the first quarter. Private Management Group Inc. now owns 1,191,512 shares of the company’s stock valued at $8,924,000 after purchasing an additional 81,378 shares during the period. Acadian Asset Management LLC lifted its stake 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 acquiring an additional 355,178 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its stake 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 acquiring an additional 34,880 shares during the period. Finally, Raffles Associates LP lifted its stake in AerSale by 6.6% in the second quarter. Raffles Associates LP now owns 485,000 shares of the company’s stock worth $2,915,000 after acquiring an additional 30,000 shares during the period. 69.48% of the stock is currently owned by institutional investors.

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).