AerSale Corporation (NASDAQ:ASLE) Stock Has Consensus Target Price of $6.83

by · The Markets Daily

AerSale Corporation (NASDAQ:ASLE – Get Free Report) has been given an average rating of “Reduce” by the five brokerages that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $6.83.

A number of research firms have recently issued reports on ASLE. Wall Street Zen cut AerSale from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of AerSale in a research report on Wednesday, August 12th. Royal Bank Of Canada reduced their target price on AerSale from $8.00 to $7.00 and set a “sector perform” rating for the company in a research report on Monday, August 10th. B. Riley Financial began coverage on shares of AerSale in a research note on Monday, June 29th. They set a “neutral” rating and a $7.50 price target on the stock. Finally, Zacks Research raised shares of AerSale from a “strong sell” rating to a “hold” rating in a report on Friday, October 9th.

Check Out Our Latest Stock Analysis on ASLE

AerSale Trading Down 3.8%

Shares of ASLE opened at $4.77 on Wednesday. The stock’s 50-day moving average price is $5.50 and its 200 day moving average price is $6.09. The company has a quick ratio of 0.76, a current ratio of 3.27 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $227.67 million, a price-to-earnings ratio of -59.62 and a beta of 0.37. AerSale has a 12-month low of $4.71 and a 12-month high of $8.04.

AerSale (NASDAQ:ASLE – Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.15). AerSale had a negative return on equity of 0.27% and a negative net margin of 1.23%. The firm had revenue of $70.93 million during the quarter, compared to the consensus estimate of $81.24 million. As a group, research analysts predict that AerSale will post 0.03 earnings per share for the current year.

Hedge Funds Weigh In On AerSale

A number of hedge funds and other institutional investors have recently made changes to their positions in ASLE. BlackRock Inc. acquired a new stake in AerSale during the second quarter valued at approximately $17,358,000. Raffles Associates LP bought a new stake in shares of AerSale in the 2nd quarter valued at approximately $2,907,000. Bank of New York Mellon Corp acquired a new position in shares of AerSale in the 2nd quarter worth approximately $970,000. M3F Inc. raised its holdings in shares of AerSale by 20.0% in the 1st quarter. M3F Inc. now owns 3,983,632 shares of the company’s stock worth $24,778,000 after buying an additional 664,487 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of AerSale by 8.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,397,416 shares of the company’s stock worth $8,691,000 after buying an additional 110,360 shares in the last quarter. 69.48% of the stock is owned by institutional investors.

AerSale Company Profile

(Get Free Report)

AerSale Corporation is an aviation aftermarket company that provides aircraft, engine and component services to commercial airlines, lessors, government agencies and other aviation operators. The company sources and sells used serviceable material, aircraft and engines, while also providing maintenance, repair and overhaul services for airframes, engines and components.

AerSale’s business includes the sale and lease of whole aircraft and engines, aircraft disassembly and parts distribution, and technical support services.

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