ValuEngine upgraded shares of FLY Leasing (NYSE:FLY) from a hold rating to a buy rating in a research report released on Tuesday morning.

Several other research firms also recently commented on FLY. Zacks Investment Research upgraded FLY Leasing from a sell rating to a hold rating in a research report on Monday. Royal Bank of Canada raised their target price on FLY Leasing to $30.00 and gave the stock an outperform rating in a research report on Monday, May 7th. Finally, JPMorgan Chase & Co. raised their target price on FLY Leasing from $14.00 to $15.00 and gave the stock an underweight rating in a research report on Tuesday, March 6th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $17.92.

Shares of FLY stock opened at $14.60 on Tuesday. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 4.74. FLY Leasing has a 12 month low of $11.54 and a 12 month high of $14.97. The company has a market capitalization of $418.99 million, a price-to-earnings ratio of 25.61, a PEG ratio of 0.67 and a beta of 0.90.

FLY Leasing (NYSE:FLY) last posted its earnings results on Thursday, May 3rd. The transportation company reported $0.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.09. The business had revenue of $88.76 million during the quarter, compared to the consensus estimate of $87.16 million. FLY Leasing had a return on equity of 3.02% and a net margin of 1.98%. FLY Leasing’s revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the company earned $0.34 EPS. equities research analysts forecast that FLY Leasing will post 2.19 EPS for the current year.

Several institutional investors have recently bought and sold shares of the stock. Dalton Greiner Hartman Maher & Co. lifted its position in shares of FLY Leasing by 20.9% during the 1st quarter. Dalton Greiner Hartman Maher & Co. now owns 285,698 shares of the transportation company’s stock worth $3,803,000 after buying an additional 49,363 shares during the period. Point72 Asset Management L.P. increased its holdings in FLY Leasing by 123.4% during the 1st quarter. Point72 Asset Management L.P. now owns 136,850 shares of the transportation company’s stock valued at $1,821,000 after purchasing an additional 75,580 shares in the last quarter. Uniplan Investment Counsel Inc. increased its holdings in FLY Leasing by 1.5% during the 1st quarter. Uniplan Investment Counsel Inc. now owns 543,957 shares of the transportation company’s stock valued at $7,240,000 after purchasing an additional 7,815 shares in the last quarter. Citadel Advisors LLC acquired a new stake in FLY Leasing during the 1st quarter valued at $269,000. Finally, Russell Investments Group Ltd. increased its holdings in FLY Leasing by 35.5% during the 1st quarter. Russell Investments Group Ltd. now owns 375,692 shares of the transportation company’s stock valued at $5,001,000 after purchasing an additional 98,431 shares in the last quarter. Institutional investors and hedge funds own 47.57% of the company’s stock.

FLY Leasing Company Profile

Fly Leasing Limited, through its subsidiaries, purchases and leases commercial aircrafts under multi-year contracts to various airlines worldwide. As of December 31, 2017, the company had a portfolio of 85 aircrafts, including 73 narrow-body passenger aircrafts and 12 wide-body passenger aircrafts. Fly Leasing Limited was founded in 2007 and is headquartered in DĂșn Laoghaire, Ireland.

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Analyst Recommendations for FLY Leasing (NYSE:FLY)

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