AerSale Corporation (NASDAQ:ASLE) Receives $7.00 Average PT from Brokerages

AerSale Corporation (NASDAQ:ASLE) has been given an average rating of “Reduce” by the five research firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $7.00.

A number of research analysts have issued reports on ASLE shares. Truist Financial reduced their target price on shares of AerSale from $7.00 to $6.00 and set a “hold” rating for the company in a research note on Monday, November 10th. Wall Street Zen cut AerSale from a “buy” rating to a “hold” rating in a report on Tuesday, November 18th. Royal Bank Of Canada boosted their price objective on AerSale from $7.00 to $8.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 7th. Zacks Research cut AerSale from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 8th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of AerSale in a research note on Monday.

Insider Buying and Selling at AerSale

In related news, insider Nicolas Finazzo acquired 6,352 shares of AerSale stock in a transaction that occurred on Friday, November 21st. The stock was acquired at an average price of $5.99 per share, with a total value of $38,048.48. Following the completion of the acquisition, the insider directly owned 44,619 shares of the company’s stock, valued at $267,267.81. This trade represents a 16.60% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have bought 9,619 shares of company stock worth $57,618 in the last quarter. 19.20% of the stock is owned by insiders.

Institutional Trading of AerSale

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Quantbot Technologies LP boosted its holdings in shares of AerSale by 133.1% in the first quarter. Quantbot Technologies LP now owns 7,500 shares of the company’s stock valued at $56,000 after acquiring an additional 4,282 shares in the last quarter. BNP Paribas Financial Markets lifted its position in AerSale by 45.6% in the third quarter. BNP Paribas Financial Markets now owns 9,813 shares of the company’s stock worth $80,000 after purchasing an additional 3,071 shares during the period. Fox Run Management L.L.C. acquired a new stake in AerSale in the second quarter worth approximately $66,000. AlphaQuest LLC boosted its stake in AerSale by 251.0% during the 3rd quarter. AlphaQuest LLC now owns 12,040 shares of the company’s stock valued at $99,000 after purchasing an additional 8,610 shares in the last quarter. Finally, Callan Family Office LLC acquired a new position in shares of AerSale during the 2nd quarter valued at $74,000. 69.48% of the stock is currently owned by institutional investors.

AerSale Stock Performance

Shares of NASDAQ ASLE opened at $6.48 on Friday. AerSale has a 52-week low of $5.56 and a 52-week high of $9.12. The stock has a market capitalization of $305.56 million, a P/E ratio of 49.81 and a beta of 0.24. The company has a quick ratio of 0.92, a current ratio of 4.41 and a debt-to-equity ratio of 0.01. The firm’s 50-day moving average price is $7.25 and its two-hundred day moving average price is $7.01.

AerSale (NASDAQ:ASLE) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.06). The company had revenue of $71.19 million for the quarter, compared to the consensus estimate of $93.86 million. AerSale had a return on equity of 2.10% and a net margin of 1.73%. As a group, sell-side analysts forecast that AerSale will post 0.09 earnings per share for the current year.

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).