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.
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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.
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