AerSale (NASDAQ:ASLE) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of AerSale (NASDAQ:ASLE) from a buy rating to a strong-buy rating in a report issued on Sunday morning.

ASLE has been the subject of a number of other reports. Royal Bank Of Canada increased their price target on AerSale from $7.00 to $8.00 and gave the company a “sector perform” rating in a research note on Thursday, August 7th. Truist Financial increased their price target on AerSale from $6.00 to $7.00 and gave the company a “hold” rating in a research note on Wednesday, October 15th. Weiss Ratings restated a “hold (c-)” rating on shares of AerSale in a research note on Wednesday, October 8th. Finally, Zacks Research cut AerSale from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 8th. Five analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $7.50.

AerSale Trading Down 2.2%

AerSale stock opened at $7.25 on Friday. The stock has a 50-day moving average of $8.07 and a two-hundred day moving average of $7.07. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.82 and a current ratio of 3.87. AerSale has a one year low of $5.34 and a one year high of $9.12. The stock has a market cap of $342.06 million, a PE ratio of 51.79 and a beta of 0.24.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Significant Wealth Partners LLC lifted its holdings in AerSale by 27.6% in the third quarter. Significant Wealth Partners LLC now owns 78,286 shares of the company’s stock valued at $641,000 after acquiring an additional 16,945 shares during the period. AlphaQuest LLC lifted its holdings in AerSale by 251.0% in the third quarter. AlphaQuest LLC now owns 12,040 shares of the company’s stock valued at $99,000 after acquiring an additional 8,610 shares during the period. Strs Ohio purchased a new stake in shares of AerSale in the third quarter valued at approximately $468,000. Bailard Inc. purchased a new stake in shares of AerSale in the third quarter valued at approximately $274,000. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in shares of AerSale in the third quarter valued at approximately $297,000. 69.48% of the stock is owned by institutional investors and hedge funds.

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).