Analysts Set AerSale Corporation (NASDAQ:ASLE) Target Price at $7.00

AerSale Corporation (NASDAQ:ASLE) has received a consensus rating of “Reduce” from the five ratings firms that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $7.00.

A number of equities research analysts have issued reports 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. Wall Street Zen lowered shares of AerSale from a “buy” rating to a “hold” rating in a research report on Tuesday, November 18th. Royal Bank Of Canada lifted their price objective on shares of AerSale from $7.00 to $8.00 and gave the company a “sector perform” rating in a research note on Thursday, August 7th. Weiss Ratings restated a “sell (d)” rating on shares of AerSale in a research note on Monday. Finally, Truist Financial reduced their target price on AerSale from $7.00 to $6.00 and set a “hold” rating on the stock in a report on Monday, November 10th.

Insiders Place Their Bets

In other AerSale news, insider Nicolas Finazzo acquired 6,352 shares of AerSale stock in a transaction that occurred on Friday, November 21st. The shares were acquired at an average cost of $5.99 per share, with a total value of $38,048.48. Following the completion of the purchase, the insider directly owned 44,619 shares of the company’s stock, valued at $267,267.81. This represents a 16.60% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders bought 9,619 shares of company stock valued at $57,618 over the last quarter. Company insiders own 19.20% of the company’s stock.

Institutional Investors Weigh In On AerSale

A number of hedge funds have recently made changes to their positions in ASLE. Quantbot Technologies LP increased its position in AerSale by 133.1% during the 1st quarter. Quantbot Technologies LP now owns 7,500 shares of the company’s stock worth $56,000 after purchasing an additional 4,282 shares in the last quarter. BNP Paribas Financial Markets boosted its position in AerSale by 45.6% in the third quarter. BNP Paribas Financial Markets now owns 9,813 shares of the company’s stock valued at $80,000 after buying an additional 3,071 shares in the last quarter. Fox Run Management L.L.C. bought a new stake in shares of AerSale during the second quarter worth $66,000. AlphaQuest LLC increased its holdings in shares of AerSale by 251.0% during the third quarter. AlphaQuest LLC now owns 12,040 shares of the company’s stock worth $99,000 after buying an additional 8,610 shares in the last quarter. Finally, Callan Family Office LLC bought a new position in shares of AerSale in the 2nd quarter valued at $74,000. 69.48% of the stock is currently owned by institutional investors and hedge funds.

AerSale Trading Up 0.9%

Shares of NASDAQ:ASLE opened at $6.46 on Friday. The business’s 50 day simple moving average is $7.33 and its 200 day simple moving average is $7.02. AerSale has a 1 year low of $5.56 and a 1 year high of $9.12. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.41 and a quick ratio of 0.92. The company has a market capitalization of $304.85 million, a P/E ratio of 49.69 and a beta of 0.24.

AerSale (NASDAQ:ASLE) last released its earnings results on Thursday, November 6th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.06). AerSale had a net margin of 1.73% and a return on equity of 2.10%. The company had revenue of $71.19 million for the quarter, compared to the consensus estimate of $93.86 million. On average, research analysts anticipate that AerSale will post 0.09 EPS for the current fiscal year.

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).