Fly Leasing Ltd(ADR) Upgraded to Neutral by Zacks (FLY)
Fly Leasing Ltd(ADR) (NYSE:FLY) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued to clients and investors on Monday. The firm currently has a $14.90 price target on the stock. Zacks‘s price target points to a potential upside of 2.55% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at RBC Capital reiterated an “outperform” rating on shares of Fly Leasing Ltd(ADR) in a research note on Friday, May 9th. They now have a $20.00 price target on the stock. Separately, analysts at Deutsche Bank cut their price target on shares of Fly Leasing Ltd(ADR) from $20.00 to $18.00 in a research note on Friday, May 9th. Finally, analysts at Wells Fargo & Co. upgraded shares of Fly Leasing Ltd(ADR) from a “market perform” rating to an “outperform” rating in a research note on Friday, May 9th.
Shares of Fly Leasing Lt (NYSE:FLY) traded up 0.21% on Monday, hitting $14.56. 50,544 shares of the company’s stock traded hands. Fly Leasing Lt has a 52-week low of $12.63 and a 52-week high of $17.30. The stock’s 50-day moving average is $13.98 and its 200-day moving average is $14.8. The company has a market cap of $602.7 million and a price-to-earnings ratio of 24.92.
Fly Leasing Ltd(ADR) (NYSE:FLY) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.12 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.13 by $0.01. The company had revenue of $90.50 million for the quarter, compared to the consensus estimate of $91.88 million. During the same quarter in the prior year, the company posted $1.37 earnings per share. The company’s quarterly revenue was down 20.2% on a year-over-year basis. On average, analysts predict that Fly Leasing Lt will post $1.04 earnings per share for the current fiscal year.
Fly Leasing Limited (NYSE:FLY), formerly Babcock & Brown Air Limited is a global lessor of commercial jet aircraft.
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