Fly Leasing Stock Rating Lowered by Zacks (FLY)
Fly Leasing (NYSE: FLY) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report released on Friday. They currently have a $13.00 target price on the stock.
Fly Leasing traded up 2.19% on Friday, hitting $14.00. Fly Leasing has a 52-week low of $11.06 and a 52-week high of $14.17. The stock’s 50-day moving average is currently $13.20. The company has a market cap of $360.8 million and a price-to-earnings ratio of 51.50.
A number of other firms have also recently commented on FLY. Analysts at Deutsche Bank initiated coverage on shares of Fly Leasing in a research note to investors on Thursday, February 7th. They set a “buy” rating and a $17.00 price target on the stock. Analysts at Citigroup upgraded shares of Fly Leasing from a “neutral” rating to a “buy” rating in a research note to investors on Monday, December 24th. They now have a $13.20 price target on the stock, down previously from $13.50.
Four analysts have rated the stock with a buy rating, one has issued a hold rating, and one has assigned an underweight rating to the company’s stock. The stock has an average rating of “overweight” and a consensus target price of $14.18.
Fly Leasing Limited, formerly Babcock & Brown Air Limited (B&B Air), is a global lessor of modern, fuel-efficient commercial jet aircraft.
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