Shares of Fly Leasing Ltd (NYSE:FLY) have been given an average recommendation of “Hold” by the seven analysts that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $18.90.

Several research firms have issued reports on FLY. Zacks Investment Research downgraded shares of Fly Leasing from a “buy” rating to a “hold” rating in a report on Monday, August 27th. Citigroup increased their price objective on shares of Fly Leasing from $14.00 to $14.50 and gave the company a “sell” rating in a report on Friday, August 24th. Finally, ValuEngine raised shares of Fly Leasing from a “hold” rating to a “buy” rating in a research note on Tuesday, May 29th.

FLY traded up $0.02 during midday trading on Friday, hitting $14.57. 406 shares of the company traded hands, compared to its average volume of 126,029. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 4.29. The company has a market cap of $417.27 million, a price-to-earnings ratio of 162.33, a PEG ratio of 0.63 and a beta of 1.05. Fly Leasing has a 52-week low of $11.54 and a 52-week high of $15.32.

Fly Leasing (NYSE:FLY) last posted its quarterly earnings data on Thursday, August 23rd. The transportation company reported $0.87 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.18. The business had revenue of $99.30 million for the quarter, compared to the consensus estimate of $98.62 million. Fly Leasing had a net margin of 7.43% and a return on equity of 5.79%. The company’s revenue was up 25.4% compared to the same quarter last year. During the same period last year, the firm posted $0.31 earnings per share. research analysts forecast that Fly Leasing will post 2.3 EPS for the current year.

Large investors have recently bought and sold shares of the company. Campbell & CO Investment Adviser LLC purchased a new position in shares of Fly Leasing in the first quarter worth about $179,000. Citadel Advisors LLC purchased a new position in shares of Fly Leasing in the first quarter worth about $269,000. Trexquant Investment LP purchased a new position in shares of Fly Leasing in the first quarter worth about $286,000. Cozad Asset Management Inc. purchased a new position in shares of Fly Leasing in the second quarter worth about $316,000. Finally, Mount Yale Investment Advisors LLC purchased a new position in shares of Fly Leasing in the second quarter worth about $344,000. 49.15% of the stock is currently owned by hedge funds and other institutional investors.

About Fly Leasing

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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