AerSale (NASDAQ:ASLE) Upgraded at Wall Street Zen

Key Points

• AerSale's stock was upgraded from a "sell" rating to a "strong-buy" rating by Wall Street Zen, indicating increased confidence in the company's potential.
• Despite the upgrade, Truist Financial recently downgraded AerSale from a "buy" to a "hold" rating and lowered the target price from $8.00 to $6.00.
• AerSale has seen significant institutional interest, with M3F Inc. increasing its stake by 97.7% in the first quarter, now holding over 3 million shares.

AerSale (NASDAQ:ASLE - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "sell" rating to a "strong-buy" rating in a research report issued to clients and investors on Saturday.

Several other equities research analysts have also recently issued reports on the stock. Truist Financial cut shares of AerSale from a "buy" rating to a "hold" rating and dropped their target price for the stock from $8.00 to $6.00 in a report on Friday, July 11th. Royal Bank Of Canada raised 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. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, AerSale currently has a consensus rating of "Moderate Buy" and an average price target of $8.33.

AerSale Trading Up 8.8%

NASDAQ:ASLE opened at $8.26 on Friday. The company's 50 day moving average price is $6.07 and its 200-day moving average price is $6.68. AerSale has a 52 week low of $4.53 and a 52 week high of $8.76. The company has a quick ratio of 0.88, a current ratio of 4.54 and a debt-to-equity ratio of 0.01. The stock has a market cap of $387.06 million, a price-to-earnings ratio of 59.00 and a beta of 0.24.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. M3F Inc. raised its position in AerSale by 97.7% in the first quarter. M3F Inc. now owns 3,119,698 shares of the company's stock worth $23,367,000 after acquiring an additional 1,541,724 shares during the period. Private Management Group Inc. raised its position in AerSale by 7.3% in the first quarter. Private Management Group Inc. now owns 1,191,512 shares of the company's stock worth $8,924,000 after acquiring an additional 81,378 shares during the period. Alyeska Investment Group L.P. raised its position in AerSale by 105.6% in the fourth quarter. Alyeska Investment Group L.P. now owns 1,100,000 shares of the company's stock worth $6,930,000 after acquiring an additional 565,017 shares during the period. Acadian Asset Management LLC raised its position 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. Finally, Hotchkis & Wiley Capital Management LLC raised its position 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. 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).

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