Royal Bank of Canada Lowers AerSale (NASDAQ:ASLE) Price Target to $7.00

AerSale (NASDAQ:ASLE) had its price target decreased by research analysts at Royal Bank of Canada from $8.00 to $7.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “sector perform” rating on the stock. Royal Bank of Canada’s price target would indicate a potential upside of 14.94% from the stock’s current price.

AerSale Stock Performance

Shares of ASLE stock opened at $6.09 on Thursday. The stock has a fifty day simple moving average of $7.35 and a two-hundred day simple moving average of $6.68. The firm has a market capitalization of $285.38 million, a PE ratio of 609.61 and a beta of 0.30. AerSale has a 52-week low of $4.53 and a 52-week high of $8.76.

Hedge Funds Weigh In On AerSale

A number of hedge funds and other institutional investors have recently modified their holdings of ASLE. Spire Wealth Management bought a new stake in shares of AerSale in the fourth quarter worth about $27,000. GAMMA Investing LLC increased its stake in AerSale by 3,427.5% in the 1st quarter. GAMMA Investing LLC now owns 4,621 shares of the company’s stock worth $35,000 after acquiring an additional 4,490 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its stake in AerSale by 37.8% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,536 shares of the company’s stock worth $41,000 after acquiring an additional 1,519 shares during the last quarter. SBI Securities Co. Ltd. raised its holdings in shares of AerSale by 85.4% during the 1st quarter. SBI Securities Co. Ltd. now owns 6,732 shares of the company’s stock worth $50,000 after acquiring an additional 3,100 shares in the last quarter. Finally, Bfsg LLC bought a new position in shares of AerSale during the 4th quarter valued at approximately $68,000. 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).