AerSale Corporation (NASDAQ:ASLE) Receives $7.50 Average Price Target from Brokerages

AerSale Corporation (NASDAQ:ASLE) has been assigned an average recommendation of “Hold” from the five brokerages that are presently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $7.50.

A number of research analysts have commented on ASLE shares. Zacks Research downgraded shares of AerSale from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 8th. Royal Bank Of Canada increased their price target on shares of AerSale from $7.00 to $8.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 7th. Truist Financial lifted their price target on AerSale from $6.00 to $7.00 and gave the stock a “hold” rating in a research note on Wednesday, October 15th. Wall Street Zen cut AerSale from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 25th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of AerSale in a report on Wednesday, October 8th.

AerSale Stock Performance

AerSale stock opened at $7.45 on Tuesday. AerSale has a 52 week low of $5.16 and a 52 week high of $9.12. 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 market cap of $351.49 million, a P/E ratio of 53.21 and a beta of 0.26. The stock has a 50 day moving average of $8.16 and a 200-day moving average of $7.05.

Hedge Funds Weigh In On AerSale

A number of hedge funds have recently added to or reduced their stakes in ASLE. Nuveen LLC bought a new position in shares of AerSale in the 1st quarter worth about $1,966,000. American Century Companies Inc. lifted its holdings in AerSale by 87.4% in the first quarter. American Century Companies Inc. now owns 88,404 shares of the company’s stock worth $662,000 after acquiring an additional 41,231 shares during the last quarter. Private Management Group Inc. lifted its holdings in AerSale by 7.3% in the first quarter. Private Management Group Inc. now owns 1,191,512 shares of the company’s stock worth $8,924,000 after acquiring an additional 81,378 shares during the last quarter. Acadian Asset Management LLC bought a new position in shares of AerSale during the first quarter valued at approximately $4,377,000. Finally, Invesco Ltd. grew its holdings in shares of AerSale by 51.8% during the first quarter. Invesco Ltd. now owns 89,215 shares of the company’s stock valued at $668,000 after purchasing an additional 30,451 shares during the last quarter. Institutional investors and hedge funds own 69.48% of the company’s stock.

About AerSale

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).