Zacks Research Upgrades AerSale (NASDAQ:ASLE) to "Strong-Buy"

Key Points

• AerSale was upgraded by Zacks Research from a "hold" rating to a "strong-buy" rating, indicating a positive shift in investor sentiment.
• Royal Bank of Canada also raised AerSale's target price from $7.00 to $8.00, while Truist Financial downgraded it from "buy" to "hold" and reduced its target from $8.00 to $6.00.
• The current consensus rating for AerSale is "Moderate Buy," with a target price of $7.00 according to MarketBeat data.

Zacks Research upgraded shares of AerSale (NASDAQ:ASLE - Free Report) from a hold rating to a strong-buy rating in a research report report published on Tuesday, September 9th,Zacks.com reports.

A number of 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 lowered their target price for the company from $8.00 to $6.00 in a report on Friday, July 11th. Royal Bank Of Canada upped 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, August 7th. Finally, Wall Street Zen downgraded shares of AerSale from a "strong-buy" rating to a "buy" rating in a report on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $7.00.

AerSale Stock Performance

Shares of NASDAQ ASLE traded up $0.17 during midday trading on Tuesday, hitting $8.80. The company's stock had a trading volume of 168,233 shares, compared to its average volume of 431,233. The firm has a market capitalization of $415.18 million, a price-to-earnings ratio of 62.86 and a beta of 0.27. The company has a current ratio of 3.87, a quick ratio of 0.82 and a debt-to-equity ratio of 0.01. The stock has a fifty day moving average price of $7.47 and a 200 day moving average price of $7.00. AerSale has a one year low of $4.53 and a one year high of $9.12.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its holdings in AerSale by 3,427.5% in 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 valued at $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 valued at $50,000 after purchasing an additional 3,100 shares in the last quarter. Quantbot Technologies LP increased its stake in AerSale by 133.1% during the 1st quarter. Quantbot Technologies LP now owns 7,500 shares of the company's stock valued at $56,000 after purchasing an additional 4,282 shares in the last quarter. Finally, Fox Run Management L.L.C. bought a new stake in AerSale during the 2nd quarter valued at about $66,000. 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).