The shares of Fly Leasing Ltd (NYSE: FLY) received a total Hold rating of the six research companies currently covering Marketbeat. Three investor analysts have evaluated the stock with a sell recommendation, someone has given a booking recommendation and someone has given a purchase recommendation to the company. The average target price of one year between analysts who have issued a stock report in the past year is $ 19.83.
Several research analysts have recently weighed the company. Zacks Investment Research lowered the "Fly Leasing" rating from a "buy" rating to a "hold" rating in a survey report Monday, August 27th. Citigroup has raised its target price for Fly Leasing from $ 14.00 to $ 14.50 and has given the stock a "sell" rating at a research fair on Friday, August 24th. TheStreet has placed Fly Leasing from a "d +" rating to a "c-" score on a research report Wednesday, September 19th. Finally, ValuEngine lowered the Fly Leasing rating from "hold" to "sell" on a research report Thursday.
NYSE FLY shares are traded at $ 0.19 during the luncheon on Friday, hitting $ 13.31. 35,352 shares of the company's stock were exchanged, compared to an average of 61,010. The company has a debt ratio of 4.29, a quick ratio of 1.33 and a current ratio of 1.33. Fly Leasing has a 12-month low of $ 11.54 and a 12-month high of $ 15.32. The company has a market capitalization of $ 381.97 million, a PE ratio of 147.89, a price-to-earnings ratio of 0.58 and a beta of 1.01.
Fly Leasing (NYSE: FLY) last published its earnings results on Thursday, August 23rd. The company reported earnings per share of $ 0.87 per share for the quarter, covering the estimated $ 0.69 consensus by $ 0.18. Fly Leasing had a return of 5.79% and a net margin of 7.43%. The company had revenue of $ 99.30 million for the quarter, compared with analyst estimates of $ 98.62 million. In the same quarter of last year, the company earned $ 0.31 EPS. The company's quarterly revenue increased by 25.4% yoy. On average, sellers expect Fly Leasing to publish 2.3 earnings per share for the current year.
Hedge funds and other institutional investors have recently changed their holdings in the company. Acadian Asset Management LLC bought a new place in Fly Leasing during the second quarter worth about $ 2,749,000. Cambridge Investment Research Advisors Inc. bought a new place in Fly Leasing during the second quarter, worth about $ 2,659,000. Point72 Asset Management L.P. increased its share of Fly Leasing by 110.0% in the second quarter. Point72 Asset Management L.P. currently owns 287,453 shares of the $ 4,050,000 company of vehicles after the purchase of an additional 150,603 shares in the last quarter. Dalton Greiner Hartman Maher & Co. increased its share of Fly Leasing by 42.9% in the second quarter. Dalton Greiner Hartman Maher & Co. now holds 408,329 shares of the company's share of 5.753.000 dollars after the purchase of an additional 122,631 shares in the last quarter. Finally, Wells Fargo & Company MN increased its share in Fly Leasing by 74.6% in the first quarter. Wells Fargo & Company MN today holds 215,137 shares of the share capital of the shipping company worth $ 2,883,000 after the purchase of an additional 91,953 shares in the last quarter. 49.06% of shares currently belong to institutional investors and to hedge funds.
About Fly Hire
Fly Leasing Limited, through its subsidiaries, buys and leases commercial aircraft with multi-annual contracts to various airlines worldwide. On 31 December 2017, the company had a portfolio of 85 aircraft, including 73 narrow body passengers and 12 large-body passenger aircraft. Fly Leasing Limited was founded in 2007 and is based in Dún Laoghaire, Ireland.
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