AerSale Corporation (NASDAQ:ASLE) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• AerSale Corporation (NASDAQ:ASLE) has been given a consensus recommendation of "Moderate Buy" by analysts, with an average one-year target price of $7.00.
• Institutional investors hold 69.48% of AerSale's shares, indicating strong institutional interest and support for the stock.
• AerSale's stock price recently increased by 1.2% to $7.88, demonstrating positive market movement after a series of varying analyst ratings.

Shares of AerSale Corporation (NASDAQ:ASLE - Get Free Report) have been assigned an average rating of "Moderate Buy" from the four ratings firms that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $7.00.

A number of research firms recently issued reports on ASLE. Wall Street Zen downgraded shares of AerSale from a "strong-buy" rating to a "buy" rating in a research report on Friday, September 5th. Weiss Ratings reiterated a "hold (c-)" rating on shares of AerSale in a research note on Saturday, September 27th. Zacks Research upgraded shares of AerSale from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, September 9th. Royal Bank Of Canada boosted their price objective 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. Finally, Truist Financial downgraded shares of AerSale from a "buy" rating to a "hold" rating and reduced their price target for the company from $8.00 to $6.00 in a report on Friday, July 11th.

Institutional Investors Weigh In On AerSale

Several large investors have recently made changes to their positions in ASLE. State of Wyoming raised its holdings in shares of AerSale by 221.0% during the second quarter. State of Wyoming now owns 50,223 shares of the company's stock worth $302,000 after purchasing an additional 34,576 shares during the period. Raffles Associates LP increased its holdings in shares of AerSale by 6.6% in the 2nd 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. Man Group plc acquired a new stake in shares of AerSale in the 2nd quarter worth about $254,000. Brevan Howard Capital Management LP acquired a new stake in shares of AerSale in the 2nd quarter worth about $156,000. Finally, Ameriprise Financial Inc. increased its holdings in shares of AerSale by 11.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 165,350 shares of the company's stock worth $994,000 after acquiring an additional 17,131 shares during the period. Institutional investors and hedge funds own 69.48% of the company's stock.

AerSale Stock Up 1.2%

ASLE stock traded up $0.09 during trading on Friday, hitting $7.88. 261,562 shares of the company's stock traded hands, compared to its average volume of 427,717. The business has a fifty day simple moving average of $8.09 and a two-hundred day simple moving average of $7.06. 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 1 year low of $4.53 and a 1 year high of $9.12. The firm has a market capitalization of $371.78 million, a P/E ratio of 56.29 and a beta of 0.26.

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).

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