FLY Leasing (FLY) Stock Rating Upgraded by ValuEngine
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.
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 Dún Laoghaire, Ireland.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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