In yesterday’s Wall Street session, AerSale Corporation (NASDAQ:ASLE) shares traded at $17.59, down -13.31% from the previous session.
As of this writing, 4 analysts cover AerSale Corporation (NASDAQ:ASLE). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $23.00 and a low of $20.00, we find $21.50. Given the previous closing price of $20.29, this indicates a potential upside of 5.96 percent. ASLE stock price is now -2.30% away from the 50-day moving average and 0.81% away from the 200-day moving average. The market capitalization of the company currently stands at $891.81M.
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There are 1 analysts who have given it a hold rating, whereas 3 have given it a buy rating. Brokers who have rated the stock have averaged $21.50 as their price target over the next twelve months.
With the price target of $19, Truist recently initiated with Buy rating for AerSale Corporation (NASDAQ: ASLE). On November 30, 2022, RBC Capital Mkts recently initiated its ‘Outperform’ rating on the stock quoting a target price of $21, while ‘Stifel’ rates the stock as ‘Buy’.
In other news, SEIFFER JONATHAN A, Director sold 112,100 shares of the company’s stock on Dec 14. The stock was sold for $1,121,000 at an average price of $10.00. Upon completion of the transaction, the Director now directly owns 17,569,821 shares in the company, valued at $309.05 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 14, Director Kirton Michael sold 112,100 shares of the business’s stock. A total of $1,121,000 was realized by selling the stock at an average price of $10.00. This leaves the insider owning 17,569,821 shares of the company worth $309.05 million. Insiders disposed of 31,389,583 shares of company stock worth roughly $552.14 million over the past 1 year. A total of 23.94% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ASLE stock. A new stake in AerSale Corporation shares was purchased by HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC during the first quarter worth $4,425,000. WALLEYE CAPITAL LLC invested $2,393,000 in shares of ASLE during the first quarter. In the first quarter, BROOKFIELD CORP /ON/ acquired a new stake in AerSale Corporation valued at approximately $2,327,000. DIMENSIONAL FUND ADVISORS LP acquired a new stake in ASLE for approximately $1,906,000. BRIDGEWAY CAPITAL MANAGEMENT, LLC purchased a new stake in ASLE valued at around $1,758,000 in the second quarter. In total, there are 173 active investors with 69.00% ownership of the company’s stock.
Tuesday morning saw AerSale Corporation (NASDAQ: ASLE) opened at $17.50. During the past 12 months, AerSale Corporation has had a low of $12.78 and a high of $21.76. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 6.80, and a quick ratio of 5.30. The fifty day moving average price for ASLE is $18.00 and a two-hundred day moving average price translates $17.45 for the stock.
The latest earnings results from AerSale Corporation (NASDAQ: ASLE) was released for Sep, 2022. According to the Airports & Air Services Company, earnings per share came in at -$0.03, missing analysts’ expectations of $0.04 by -0.07. This compares to -$0.04 EPS in the same period last year. The net profit margin was 10.10% and return on equity was 10.30% for ASLE. The company reported revenue of $51.0 million for the quarter, compared to $73.3 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -30.42 percent. For the current quarter, analysts expect ASLE to generate $122.66M in revenue.
AerSale Corporation(ASLE) 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). The Asset Management Solutions segment engages in the sale and lease of aircraft, engines, and airframes, as well as disassembly of these assets for component parts. The TechOps segment provides internal and third-party aviation services, including internally developed engineered solutions, heavy aircraft maintenance and modification, and component MRO, as well as end-of-life disassembly services. This segment also provides aircraft modifications, cargo and tanker conversions of aircraft, and aircraft storage; and MRO services for landing gear, thrust reversers, hydraulic systems, and other aircraft components. The company was founded in 2008 and is headquartered in Coral Gables, Florida.
