Shares of Fly Leasing Ltd (NYSE:FLY) have been given an average rating of “Hold” by the eight research firms that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $15.88.

A number of brokerages have issued reports on FLY. Zacks Investment Research lowered shares of Fly Leasing from a “buy” rating to a “hold” rating in a report on Monday, March 19th. ValuEngine raised shares of Fly Leasing from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Finally, JPMorgan Chase increased their price objective on shares of Fly Leasing from $14.00 to $15.00 and gave the company an “underweight” rating in a report on Tuesday, March 6th.

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FLY traded up $0.02 during trading on Wednesday, reaching $13.36. 7,702 shares of the company traded hands, compared to its average volume of 138,687. The company has a debt-to-equity ratio of 4.87, a current ratio of 1.42 and a quick ratio of 1.42. Fly Leasing has a 12-month low of $11.54 and a 12-month high of $14.65. The firm has a market cap of $382.83, a P/E ratio of 148.22, a price-to-earnings-growth ratio of 0.65 and a beta of 0.87.

Fly Leasing (NYSE:FLY) last announced its quarterly earnings data on Thursday, March 8th. The transportation company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.28). Fly Leasing had a net margin of 0.74% and a return on equity of 2.74%. The company had revenue of $107.93 million for the quarter, compared to analysts’ expectations of $106.96 million. During the same period last year, the business earned $0.95 earnings per share. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. sell-side analysts anticipate that Fly Leasing will post 2.04 earnings per share for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. California Public Employees Retirement System boosted its position in shares of Fly Leasing by 5.0% during the 4th quarter. California Public Employees Retirement System now owns 117,320 shares of the transportation company’s stock valued at $1,515,000 after acquiring an additional 5,542 shares during the last quarter. OxFORD Asset Management LLP bought a new position in shares of Fly Leasing during the 3rd quarter valued at approximately $706,000. Virtu Financial LLC boosted its position in shares of Fly Leasing by 35.0% during the 4th quarter. Virtu Financial LLC now owns 17,173 shares of the transportation company’s stock valued at $222,000 after acquiring an additional 4,451 shares during the last quarter. Monarch Partners Asset Management LLC boosted its position in shares of Fly Leasing by 35.0% during the 4th quarter. Monarch Partners Asset Management LLC now owns 46,140 shares of the transportation company’s stock valued at $596,000 after acquiring an additional 11,950 shares during the last quarter. Finally, Aperio Group LLC boosted its position in shares of Fly Leasing by 6.4% during the 4th quarter. Aperio Group LLC now owns 98,432 shares of the transportation company’s stock valued at $1,271,000 after acquiring an additional 5,920 shares during the last quarter. Hedge funds and other institutional investors own 45.31% of the company’s stock.

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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.

Analyst Recommendations for Fly Leasing (NYSE:FLY)

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