AerSale (NASDAQ:ASLE) Rating Lowered to Hold at Truist Financial

AerSale (NASDAQ:ASLE - Get Free Report) was downgraded by equities research analysts at Truist Financial from a "buy" rating to a "hold" rating in a report released on Friday,Briefing.com Automated Import reports. They currently have a $6.00 price objective on the stock. Truist Financial's price objective indicates a potential downside of 1.96% from the company's previous close.

A number of other analysts also recently weighed in on the stock. Wall Street Zen downgraded shares of AerSale from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Royal Bank Of Canada cut their price target on shares of AerSale from $8.00 to $7.00 and set a "sector perform" rating on the stock in a research report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $8.00.

AerSale Stock Performance

Shares of NASDAQ:ASLE opened at $6.12 on Friday. The company has a market capitalization of $286.78 million, a price-to-earnings ratio of -55.64 and a beta of 0.24. The firm's 50 day simple moving average is $6.09 and its 200 day simple moving average is $6.70. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.54 and a quick ratio of 0.88. AerSale has a fifty-two week low of $4.53 and a fifty-two week high of $8.76.

Institutional Trading of AerSale

Large investors have recently bought and sold shares of the business. GAMMA Investing LLC increased its stake in AerSale by 3,427.5% during the 1st quarter. GAMMA Investing LLC now owns 4,621 shares of the company's stock worth $35,000 after purchasing an additional 4,490 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its stake 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 in the last quarter. SBI Securities Co. Ltd. increased its stake 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 in the last quarter. Quantbot Technologies LP grew its stake in shares of 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 acquiring an additional 4,282 shares in the last quarter. Finally, Franklin Resources Inc. bought a new position in shares of AerSale during the 4th quarter worth approximately $75,000. 69.48% of the stock is 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).

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