Truist Financial Raises AerSale (NASDAQ:ASLE) Price Target to $7.00

Key Points

• Truist Financial has increased AerSale's price target from $6.00 to $7.00, with a current rating of "hold" on the stock.
• Several analysts, including Zacks Research and Royal Bank of Canada, have shifted their ratings on AerSale, with a consensus target price now at $7.50.
• AerSale's shares traded down by 0.5% to $7.58, with 69.48% of the stock currently owned by institutional investors.

AerSale (NASDAQ:ASLE - Get Free Report) had its price target upped by analysts at Truist Financial from $6.00 to $7.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a "hold" rating on the stock. Truist Financial's target price indicates a potential downside of 7.59% from the stock's current price.

Several other analysts have also issued reports on ASLE. Zacks Research lowered shares of AerSale from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, October 8th. 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 research note on Thursday, August 7th. Wall Street Zen lowered shares of AerSale from a "strong-buy" rating to a "buy" rating in a research note on Friday, September 5th. Finally, Weiss Ratings reiterated a "hold (c-)" rating on shares of AerSale in a research note on Wednesday, October 8th. Five research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, AerSale presently has an average rating of "Hold" and a consensus target price of $7.50.

AerSale Trading Down 0.5%

Shares of NASDAQ:ASLE traded down $0.04 during mid-day trading on Wednesday, hitting $7.58. The company had a trading volume of 66,573 shares, compared to its average volume of 429,920. The company has a market capitalization of $357.39 million, a PE ratio of 54.43 and a beta of 0.26. The firm has a fifty day moving average price of $8.35 and a 200 day moving average price of $7.03. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.87 and a quick ratio of 0.82. AerSale has a one year low of $4.94 and a one year high of $9.12.

Hedge Funds Weigh In On AerSale

Large investors have recently modified their holdings of the company. GAMMA Investing LLC boosted its position in shares of AerSale by 3,427.5% in the first quarter. GAMMA Investing LLC now owns 4,621 shares of the company's stock valued at $35,000 after acquiring an additional 4,490 shares during the period. Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of AerSale by 37.8% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,536 shares of the company's stock valued at $41,000 after acquiring an additional 1,519 shares during the period. SBI Securities Co. Ltd. raised its stake in AerSale by 85.4% in the first 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 raised its stake in AerSale by 133.1% in the first 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. purchased a new stake in AerSale in the second quarter valued at approximately $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).

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