Fly Leasing Ltd (NYSE:FLY) has been assigned a consensus rating of “Buy” from the six brokerages that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $19.88.

Several brokerages have recently commented on FLY. Goldman Sachs Group began coverage on Fly Leasing in a report on Monday, April 8th. They issued a “buy” rating and a $20.00 target price on the stock. ValuEngine downgraded Fly Leasing from a “hold” rating to a “sell” rating in a report on Tuesday, March 19th. Finally, Zacks Investment Research raised Fly Leasing from a “hold” rating to a “strong-buy” rating and set a $15.00 target price on the stock in a report on Monday, March 11th.

Hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its position in Fly Leasing by 109.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 64,187 shares of the transportation company’s stock worth $905,000 after purchasing an additional 33,536 shares during the last quarter. Donald Smith & CO. Inc. raised its position in Fly Leasing by 4.7% in the 4th quarter. Donald Smith & CO. Inc. now owns 2,670,572 shares of the transportation company’s stock worth $28,201,000 after purchasing an additional 119,349 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Fly Leasing in the 3rd quarter worth approximately $218,000. Sontag Advisory LLC bought a new position in Fly Leasing in the 4th quarter worth approximately $466,000. Finally, PEAK6 Investments LLC bought a new position in Fly Leasing in the 4th quarter worth approximately $111,000. Hedge funds and other institutional investors own 48.01% of the company’s stock.

Shares of FLY traded up $0.15 on Monday, hitting $14.74. The company’s stock had a trading volume of 98,800 shares, compared to its average volume of 104,558. The company has a market capitalization of $418.73 million, a P/E ratio of 4.82 and a beta of 1.07. The company has a debt-to-equity ratio of 4.27, a current ratio of 0.72 and a quick ratio of 0.72. Fly Leasing has a fifty-two week low of $10.42 and a fifty-two week high of $15.32.

Fly Leasing (NYSE:FLY) last announced its earnings results on Thursday, March 7th. The transportation company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.57 by $0.37. The business had revenue of $113.80 million for the quarter, compared to the consensus estimate of $110.05 million. Fly Leasing had a return on equity of 14.43% and a net margin of 20.49%. Fly Leasing’s revenue was up 10.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.09 EPS. On average, sell-side analysts anticipate that Fly Leasing will post 3.01 EPS for the current fiscal year.

About Fly Leasing

Fly Leasing Limited, through its subsidiaries, purchases and leases commercial aircraft under multi-year contracts to various airlines worldwide. As of December 31, 2018, it had a portfolio of 101 aircraft, including 90 narrow-body passenger aircraft and 11 wide-body passenger aircraft, as well as 7 engines.

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