Shares of Fly Leasing Limited (NYSE:FLY) have received an average recommendation of “Buy” from the seven ratings firms that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $17.50.
A number of equities research analysts have recently weighed in on the company. ValuEngine raised Fly Leasing from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Zacks Investment Research raised Fly Leasing from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 22nd. Compass Point reissued a “buy” rating and set a $19.00 target price (up previously from $17.00) on shares of Fly Leasing in a report on Tuesday, October 3rd. Cowen reissued a “buy” rating and set a $16.00 target price on shares of Fly Leasing in a report on Tuesday, September 19th. Finally, BidaskClub downgraded Fly Leasing from a “buy” rating to a “hold” rating in a report on Thursday, August 10th.
Fly Leasing (NYSE FLY) traded down $0.10 on Thursday, hitting $13.63. The stock had a trading volume of 98,000 shares, compared to its average volume of 133,212. Fly Leasing has a 12 month low of $11.91 and a 12 month high of $14.65. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 4.74. The firm has a market capitalization of $394.02, a P/E ratio of 11.73, a P/E/G ratio of 8.76 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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