Fly Leasing Limited (NYSE:FLY)‘s stock had its “buy” rating reissued by Compass Point in a research note issued to investors on Tuesday. They presently have a $19.00 target price on the transportation company’s stock, up from their previous target price of $17.00. Compass Point’s target price points to a potential upside of 32.87% from the stock’s current price.

Other analysts have also recently issued research reports about the stock. BidaskClub raised shares of Fly Leasing Limited from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Zacks Investment Research raised shares of Fly Leasing Limited from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research report on Tuesday, August 15th. Cowen and Company restated a “buy” rating and set a $16.00 price target on shares of Fly Leasing Limited in a research note on Tuesday, September 19th. Finally, ValuEngine cut shares of Fly Leasing Limited from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Fly Leasing Limited has an average rating of “Buy” and an average price target of $17.60.

Shares of Fly Leasing Limited (NYSE:FLY) traded up 2.14% during trading on Tuesday, reaching $14.30. The company’s stock had a trading volume of 113,345 shares. The company’s 50-day moving average price is $13.72 and its 200 day moving average price is $13.36. Fly Leasing Limited has a 1-year low of $11.70 and a 1-year high of $14.65. The stock’s market capitalization is $431.49 million.

Fly Leasing Limited (NYSE:FLY) last announced its quarterly earnings data on Thursday, August 10th. The transportation company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.02. The company had revenue of $79.21 million during the quarter, compared to analysts’ expectations of $83.17 million. Fly Leasing Limited had a negative net margin of 9.68% and a positive return on equity of 11.37%. The business’s revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.45 EPS. Analysts anticipate that Fly Leasing Limited will post $1.12 EPS for the current year.

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Several institutional investors and hedge funds have recently bought and sold shares of the company. State Street Corp increased its position in shares of Fly Leasing Limited by 1.2% during the 2nd quarter. State Street Corp now owns 35,405 shares of the transportation company’s stock worth $476,000 after purchasing an additional 425 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Fly Leasing Limited by 630.0% during the 2nd quarter. Goldman Sachs Group Inc. now owns 194,005 shares of the transportation company’s stock valued at $2,609,000 after purchasing an additional 167,430 shares during the last quarter. Citadel Advisors LLC lifted its holdings in Fly Leasing Limited by 191.1% during the 2nd quarter. Citadel Advisors LLC now owns 29,401 shares of the transportation company’s stock valued at $395,000 after purchasing an additional 19,301 shares during the last quarter. Parametric Portfolio Associates LLC lifted its holdings in Fly Leasing Limited by 8.2% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 18,818 shares of the transportation company’s stock valued at $253,000 after purchasing an additional 1,424 shares during the last quarter. Finally, Uniplan Investment Counsel Inc. lifted its holdings in Fly Leasing Limited by 27.7% during the 2nd quarter. Uniplan Investment Counsel Inc. now owns 512,759 shares of the transportation company’s stock valued at $6,896,000 after purchasing an additional 111,372 shares during the last quarter. 46.90% of the stock is currently owned by institutional investors and hedge funds.

About Fly Leasing Limited

Fly Leasing Limited is engaged in purchasing commercial aircraft, which it leases under multi-year contracts to a range of airlines throughout the world. The Company primarily acquires aircraft by entering into purchase and leaseback transactions with airlines for new aircraft; purchasing portfolios, which consists of aircraft of various types and ages, and acquiring individual aircraft.

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