AerSale (NASDAQ:ASLE) Given New $11.00 Price Target at Stifel Nicolaus

AerSale (NASDAQ:ASLE) had its price objective decreased by Stifel Nicolaus from $13.00 to $11.00 in a report issued on Friday, Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target would indicate a potential upside of 113.18% from the company’s previous close.

Several other equities research analysts also recently issued reports on the stock. Truist Financial dropped their price target on shares of AerSale from $12.00 to $10.00 and set a “buy” rating on the stock in a research note on Thursday. Royal Bank of Canada dropped their price target on shares of AerSale from $10.00 to $8.00 and set a “sector perform” rating on the stock in a research note on Thursday.

AerSale Stock Down 1.0 %

AerSale stock traded down $0.05 during trading on Friday, reaching $5.16. 525,412 shares of the company’s stock were exchanged, compared to its average volume of 479,425. The company’s 50-day moving average is $6.70 and its two-hundred day moving average is $7.53. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.11 and a current ratio of 7.17. AerSale has a 52-week low of $4.88 and a 52-week high of $16.69. The firm has a market cap of $273.53 million, a price-to-earnings ratio of -516.00 and a beta of 0.25.

AerSale (NASDAQ:ASLE) last announced its quarterly earnings results on Wednesday, August 7th. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.15). AerSale had a negative return on equity of 0.87% and a net margin of 0.20%. The business had revenue of $77.10 million for the quarter, compared to analysts’ expectations of $87.66 million. During the same period last year, the company posted ($0.08) earnings per share. The firm’s revenue for the quarter was up 11.3% on a year-over-year basis. On average, analysts predict that AerSale will post 0.32 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. California State Teachers Retirement System raised its holdings in shares of AerSale by 9.3% during the first quarter. California State Teachers Retirement System now owns 29,579 shares of the company’s stock worth $212,000 after purchasing an additional 2,506 shares during the period. New York State Common Retirement Fund raised its stake in AerSale by 1.2% during the fourth quarter. New York State Common Retirement Fund now owns 269,436 shares of the company’s stock worth $3,420,000 after acquiring an additional 3,285 shares during the period. Psagot Value Holdings Ltd. Israel raised its stake in AerSale by 783.1% during the fourth quarter. Psagot Value Holdings Ltd. Israel now owns 4,230 shares of the company’s stock worth $54,000 after acquiring an additional 3,751 shares during the period. American International Group Inc. lifted its holdings in AerSale by 30.5% in the first quarter. American International Group Inc. now owns 16,605 shares of the company’s stock worth $119,000 after acquiring an additional 3,878 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in AerSale by 12.8% in the second quarter. American Century Companies Inc. now owns 36,480 shares of the company’s stock valued at $252,000 after acquiring an additional 4,134 shares during the period. 69.48% of the stock is currently owned by institutional investors.

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).