AerSale Corporation (NASDAQ:ASLE) Given Consensus Recommendation of "Reduce" by Analysts

Key Points

• Analysts are bearish on AerSale: Five firms assign the stock a consensus “Reduce” rating, including two sells and three holds. The average 12-month price target is $6.83.
• AerSale’s latest quarterly results missed expectations, reporting a $0.09 per-share loss versus the expected $0.06 profit and revenue of $70.93 million versus estimates of $81.24 million.
• The stock opened at $5.43, near its 52-week low of $5.27, while institutional investors own approximately 69.5% of the company’s shares.

AerSale Corporation (NASDAQ:ASLE - Get Free Report) has been assigned an average rating of "Reduce" from the five ratings firms that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating and three have issued a hold rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $6.8333.

Several equities research analysts recently issued reports on ASLE shares. Zacks Research cut shares of AerSale from a "hold" rating to a "strong sell" rating in a report on Thursday, August 27th. Weiss Ratings reiterated a "sell (d)" rating on shares of AerSale in a research note on Wednesday, August 12th. Royal Bank Of Canada lowered their price target on AerSale from $8.00 to $7.00 and set a "sector perform" rating on the stock in a report on Monday, August 10th. B. Riley Financial started coverage on AerSale in a report on Monday, June 29th. They issued a "neutral" rating and a $7.50 price objective for the company. Finally, Wall Street Zen cut AerSale from a "hold" rating to a "sell" rating in a research report on Saturday, August 15th.

AerSale Price Performance

Shares of NASDAQ:ASLE opened at $5.43 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.76 and a current ratio of 3.27. The firm has a market cap of $259.16 million, a price-to-earnings ratio of -67.88 and a beta of 0.23. The business has a 50-day simple moving average of $5.92 and a two-hundred day simple moving average of $6.35. AerSale has a fifty-two week low of $5.27 and a fifty-two week high of $8.91.

AerSale (NASDAQ:ASLE - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.15). AerSale had a negative net margin of 1.23% and a negative return on equity of 0.27%. The company had revenue of $70.93 million for the quarter, compared to analysts' expectations of $81.24 million. On average, analysts expect that AerSale will post 0.03 earnings per share for the current year.

Institutional Investors Weigh In On AerSale

Several hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. purchased a new position in shares of AerSale in the second quarter worth approximately $17,358,000. Marshall Wace LLP increased its holdings in AerSale by 277.4% during the third quarter. Marshall Wace LLP now owns 1,509,517 shares of the company's stock valued at $12,363,000 after buying an additional 1,109,550 shares during the last quarter. Earnest Partners LLC bought a new position in AerSale in the fourth quarter worth approximately $5,110,000. Alyeska Investment Group L.P. purchased a new position in shares of AerSale during the 4th quarter worth $4,977,000. Finally, M3F Inc. boosted its stake in shares of AerSale by 20.0% during the 1st quarter. M3F Inc. now owns 3,983,632 shares of the company's stock worth $24,778,000 after acquiring an additional 664,487 shares during the last quarter. Hedge funds and other institutional investors own 69.48% of the company's stock.

About AerSale

AerSale Inc is an integrated aftermarket solutions provider serving the global commercial, defense and business aviation markets. The company specializes in aircraft and engine maintenance, repair and overhaul (MRO), asset leasing and aviation parts distribution. Its key offerings include airframe heavy maintenance, engine tear‐down and component overhaul, used serviceable material programs and end‐of‐life aircraft disassembly. Through these services, AerSale supports operators seeking to optimize fleet availability, extend asset life cycles and reduce maintenance costs.

Founded in 2009 and headquartered in Coral Gables, Florida, AerSale has grown through strategic acquisitions and organic expansion.

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