AerSale (NASDAQ:ASLE) Downgraded by Wall Street Zen to Buy

Key Points

• AerSale was downgraded from a "strong-buy" to a "buy" rating by Wall Street Zen, reflecting shifts in analyst sentiment regarding the company's stock.
• Several firms have adjusted their ratings for AerSale, with the current consensus rating now being "Hold" and a target price of $7.50.
• AerSale's stock recently increased by 2.1% and it has a current market capitalization of approximately $375.08 million.

AerSale (NASDAQ:ASLE - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a report issued on Saturday.

A number of other research firms have also issued reports on ASLE. Zacks Research lowered shares of AerSale from a "strong-buy" rating to a "hold" rating in a report on Wednesday, October 8th. Weiss Ratings reissued a "hold (c-)" rating on shares of AerSale in a research note on Friday. Royal Bank Of Canada upped their price objective on shares of AerSale from $7.00 to $8.00 and gave the company a "sector perform" rating in a research note on Thursday, August 7th. Finally, Truist Financial upped their price objective on shares of AerSale from $6.00 to $7.00 and gave the company a "hold" rating in a research note on Wednesday, October 15th. Five research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $7.50.

AerSale Stock Up 2.1%

Shares of NASDAQ:ASLE opened at $7.95 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 52-week low of $5.16 and a 52-week high of $9.12. The stock's fifty day simple moving average is $8.26 and its 200-day simple moving average is $7.05. The company has a market capitalization of $375.08 million, a P/E ratio of 56.79 and a beta of 0.26.

Hedge Funds Weigh In On AerSale

A number of large investors have recently bought and sold shares of ASLE. M3F Inc. raised its stake in AerSale by 97.7% during the first quarter. M3F Inc. now owns 3,119,698 shares of the company's stock worth $23,367,000 after purchasing an additional 1,541,724 shares during the period. Acadian Asset Management LLC purchased a new position in shares of AerSale in the 1st quarter worth $4,377,000. Nuveen LLC purchased a new position in shares of AerSale in the 1st quarter worth $1,966,000. First Pacific Advisors LP purchased a new position in shares of AerSale in the 2nd quarter worth $1,500,000. Finally, Brandywine Global Investment Management LLC purchased a new position in shares of AerSale in the 1st quarter worth $1,450,000. Hedge funds and other 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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.