AerSale (NASDAQ:ASLE) Stock Rating Lowered by Wall Street Zen

AerSale (NASDAQ:ASLE) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

Several other research firms have also issued reports on ASLE. Truist Financial lowered their price target on AerSale from $7.00 to $6.00 and set a “hold” rating for the company in a research report on Monday, November 10th. 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 lifted their target price on shares of AerSale from $7.00 to $8.00 and gave the stock a “sector perform” rating in a report on Thursday, August 7th. Finally, Weiss Ratings cut shares of AerSale from a “hold (c-)” rating to a “sell (d)” rating in a report on Monday, November 10th. Four investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, AerSale has an average rating of “Reduce” and a consensus price target of $7.00.

AerSale Stock Performance

Shares of ASLE opened at $6.05 on Tuesday. The company has a quick ratio of 0.92, a current ratio of 4.41 and a debt-to-equity ratio of 0.01. The stock has a market cap of $285.50 million, a P/E ratio of 46.54 and a beta of 0.24. The business’s 50 day moving average price is $7.57 and its 200-day moving average price is $7.03. AerSale has a 52 week low of $5.56 and a 52 week high of $9.12.

AerSale (NASDAQ:ASLE) last posted its quarterly earnings data 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. Equities research analysts anticipate that AerSale will post 0.09 earnings per share for the current fiscal year.

Institutional Trading of AerSale

A number of institutional investors have recently made changes to their positions in the stock. Coldstream Capital Management Inc. bought a new stake in shares of AerSale in the third quarter worth approximately $151,000. Polymer Capital Management US LLC purchased a new stake in AerSale in the third quarter worth approximately $213,000. Prelude Capital Management LLC bought a new stake in AerSale in the 3rd quarter worth approximately $202,000. Numerai GP LLC purchased a new stake in AerSale during the 3rd quarter valued at $327,000. Finally, Millennium Management LLC raised its stake in AerSale by 66.4% during the 3rd quarter. Millennium Management LLC now owns 723,270 shares of the company’s stock valued at $5,924,000 after buying an additional 288,699 shares during the last quarter. Hedge funds and other institutional investors 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).