Fly Leasing Ltd (FLY) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Fly Leasing Ltd (NYSE:FLY) have received a consensus recommendation of “Hold” from the eight analysts that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $16.17.

Several analysts have recently weighed in on the stock. Cowen reissued a “buy” rating and issued a $16.00 price target on shares of Fly Leasing in a research note on Tuesday, September 19th. Compass Point reissued a “buy” rating and issued a $19.00 price target (up previously from $17.00) on shares of Fly Leasing in a research note on Tuesday, October 3rd. Zacks Investment Research cut shares of Fly Leasing from a “hold” rating to a “strong sell” rating in a research note on Monday, November 13th. ValuEngine raised shares of Fly Leasing from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 6th. Finally, Citigroup started coverage on shares of Fly Leasing in a research note on Friday, December 8th. They issued a “sell” rating and a $13.50 price target for the company.

Fly Leasing (NYSE FLY) traded down $0.07 during trading on Monday, hitting $12.91. 168,200 shares of the stock traded hands, compared to its average volume of 131,863. Fly Leasing has a twelve month low of $11.91 and a twelve month high of $14.65. The company has a debt-to-equity ratio of 4.74, a quick ratio of 1.18 and a current ratio of 1.18. The stock has a market cap of $370.49, a PE ratio of -5.98, a price-to-earnings-growth ratio of 8.24 and a beta of 1.07.

Hedge funds have recently modified their holdings of the company. Monarch Partners Asset Management LLC acquired a new position in shares of Fly Leasing in the 3rd quarter worth approximately $479,000. Uniplan Investment Counsel Inc. lifted its holdings in Fly Leasing by 6.5% during the 3rd quarter. Uniplan Investment Counsel Inc. now owns 545,990 shares of the transportation company’s stock worth $7,654,000 after buying an additional 33,231 shares in the last quarter. Gabelli Funds LLC lifted its holdings in Fly Leasing by 4.7% during the 3rd quarter. Gabelli Funds LLC now owns 319,301 shares of the transportation company’s stock worth $4,477,000 after buying an additional 14,301 shares in the last quarter. Point72 Asset Management L.P. lifted its holdings in Fly Leasing by 2.9% during the 3rd quarter. Point72 Asset Management L.P. now owns 292,338 shares of the transportation company’s stock worth $4,099,000 after buying an additional 8,190 shares in the last quarter. Finally, OxFORD Asset Management LLP acquired a new stake in Fly Leasing during the 3rd quarter worth approximately $706,000. Hedge funds and other institutional investors own 45.02% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Fly Leasing Ltd (FLY) Given Consensus Recommendation of “Hold” by Brokerages” was reported by American Banking News and is the sole property of of American Banking News. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this piece of content can be accessed at https://www.americanbankingnews.com/2018/01/01/fly-leasing-ltd-fly-given-consensus-recommendation-of-hold-by-brokerages.html.

About Fly Leasing

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.

Receive News & Ratings for Fly Leasing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fly Leasing and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply