AerSale (NASDAQ:ASLE) Upgraded at Zacks Research

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.

AerSale (NASDAQ:ASLE - Get Free Report) was upgraded by Zacks Research from a "hold" rating to a "strong-buy" rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

ASLE has been the topic of several other research reports. Royal Bank Of Canada boosted their target price on AerSale from $7.00 to $8.00 and gave the company a "sector perform" rating in a research note on Thursday, August 7th. Wall Street Zen downgraded AerSale from a "strong-buy" rating to a "buy" rating in a research note on Friday, September 5th. Finally, Truist Financial downgraded AerSale from a "buy" rating to a "hold" rating and decreased their price target for the company from $8.00 to $6.00 in a research note on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, AerSale has a consensus rating of "Moderate Buy" and a consensus target price of $7.00.

AerSale Trading Up 2.6%

NASDAQ ASLE opened at $8.39 on Tuesday. The stock has a market capitalization of $395.84 million, a price-to-earnings ratio of 59.93 and a beta of 0.27. The stock's 50 day moving average price is $7.32 and its two-hundred day moving average price is $6.96. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.82 and a current ratio of 3.87. AerSale has a 52 week low of $4.53 and a 52 week high of $9.12.

Institutional Trading of AerSale

Several institutional investors have recently added to or reduced their stakes in the company. State of Wyoming boosted its stake in AerSale by 221.0% in the 2nd quarter. State of Wyoming now owns 50,223 shares of the company's stock valued at $302,000 after purchasing an additional 34,576 shares during the period. Raffles Associates LP boosted its holdings in AerSale by 6.6% in the 2nd quarter. Raffles Associates LP now owns 485,000 shares of the company's stock valued at $2,915,000 after purchasing an additional 30,000 shares during the period. Man Group plc bought a new stake in AerSale in the 2nd quarter valued at about $254,000. Brevan Howard Capital Management LP bought a new stake in AerSale in the 2nd quarter valued at about $156,000. Finally, Ameriprise Financial Inc. boosted its holdings in AerSale by 11.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 165,350 shares of the company's stock valued at $994,000 after purchasing an additional 17,131 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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