AerSale (NASDAQ:ASLE) Upgraded to "Hold" at Wall Street Zen

Key Points

• Wall Street Zen upgraded AerSale from “sell” to “hold.” Overall analyst sentiment remains “Reduce,” with an average price target of $5.75.
• AerSale reported a quarterly loss of $0.02 per share, missing estimates of $0.11 earnings, although revenue of $91.56 million slightly exceeded forecasts.
• Other analysts lowered their price targets: B. Riley cut its target to $5.50, while RBC reduced its target to $6.00; both maintained neutral-equivalent ratings.

AerSale (NASDAQ:ASLE - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued to investors on Saturday, Wall Street Zen reports.

ASLE has been the subject of a number of other reports. B. Riley Financial decreased their price target on AerSale from $6.00 to $5.50 and set a "neutral" rating for the company in a research note on Monday, November 9th. Royal Bank Of Canada dropped their price objective on AerSale from $7.00 to $6.00 and set a "sector perform" rating on the stock in a research note on Tuesday. Zacks Research raised AerSale from a "strong sell" rating to a "hold" rating in a report on Friday, October 9th. Finally, Weiss Ratings reissued a "sell (d)" rating on shares of AerSale in a report on Tuesday. Three equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Reduce" and an average target price of $5.75.

AerSale Trading Up 0.2%

AerSale stock opened at $5.15 on Friday. The firm has a 50-day moving average of $5.08 and a 200-day moving average of $6.14. AerSale has a one year low of $4.52 and a one year high of $7.93. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.80 and a quick ratio of 0.76. The company has a market cap of $245.81 million, a price-to-earnings ratio of -13.21 and a beta of 0.23.

AerSale (NASDAQ:ASLE - Get Free Report) last released its earnings results on Thursday, November 5th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.11 by ($0.13). AerSale had a negative net margin of 5.76% and a negative return on equity of 0.73%. The company had revenue of $91.56 million during the quarter, compared to analyst estimates of $91.22 million. On average, equities analysts expect that AerSale will post 0.03 earnings per share for the current fiscal year.

Hedge Funds Weigh In On AerSale

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in AerSale during the 2nd quarter valued at $17,358,000. Raffles Associates LP bought a new position in AerSale during the second quarter worth $2,907,000. Bank of New York Mellon Corp bought a new position in AerSale during the second quarter worth $970,000. Private Management Group Inc. increased its holdings in shares of AerSale by 168.0% in the third quarter. Private Management Group Inc. now owns 2,974,446 shares of the company's stock valued at $15,586,000 after purchasing an additional 1,864,641 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of AerSale by 8.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,397,416 shares of the company's stock valued at $8,691,000 after purchasing an additional 110,360 shares during the last quarter. Institutional investors own 69.48% of the company's stock.

AerSale Company Profile

AerSale is an aviation aftermarket company that provides aircraft, engines, parts and support services to commercial airlines, cargo operators, aircraft lessors and other aviation customers. Its activities include acquiring and remarketing aircraft and engines, as well as dismantling aircraft and supplying serviceable components. The company also offers maintenance, repair and overhaul services for aircraft and engines, along with engineering and asset-management support. Its technology offerings include products designed to help improve aircraft safety and operational performance.

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