Fly Leasing Ltd(ADR) Downgraded by Zacks to “Neutral” (FLY)
Fly Leasing Ltd(ADR) (NYSE:FLY) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research report issued on Monday. They currently have a $15.70 price objective on the stock. Zacks‘s price target indicates a potential upside of 8.28% from the company’s current price.
Shares of Fly Leasing Lt (NYSE:FLY) traded down 0.34% during mid-day trading on Monday, hitting $14.50. 117,046 shares of the company’s stock traded hands. Fly Leasing Lt has a 1-year low of $12.70 and a 1-year high of $16.59. The stock’s 50-day moving average is $14.63 and its 200-day moving average is $14.53. The company has a market cap of $600.8 million and a P/E ratio of 15.94.
Fly Leasing Ltd(ADR) (NYSE:FLY) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.21. The company had revenue of $109.50 million for the quarter, compared to the consensus estimate of $97.80 million. During the same quarter in the previous year, the company posted $0.40 earnings per share. The company’s revenue for the quarter was up 21.0% on a year-over-year basis. Analysts expect that Fly Leasing Lt will post $1.33 EPS 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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