Fly Leasing Limited (FLY) : 6 analysts are covering Fly Leasing Limited (FLY) and their average rating on the stock is 2.33, which is read as a Buy. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Fly Leasing Limited (FLY) : Currently there are 5 street experts covering Fly Leasing Limited (FLY) stock. The most bullish and bearish price target for the stock is $19 and $13 respectively for the short term. The average price target of all the analysts comes to $15.6. The estimated standard deviation from the target is $2.3.
For the current week, the company shares have a recommendation consensus of Buy. Fly Leasing Limited (NYSE:FLY): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $11.79 and $11.71 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $11.87. The buying momentum continued till the end and the stock did not give up its gains. It closed at $11.81, notching a gain of 0.25% for the day. The total traded volume was 99,424 . The stock had closed at $11.78 on the previous day.
Fly Leasing Limited (Fly) is engaged in purchasing commercial aircraft which it leases under multi-year contracts to a range of airlines throughout the world. As of December 31, 2014, the Companys aircraft portfolio consisted of 127 commercial jet aircraft, consisting of 116 narrow-body passenger aircraft, including two freighters, and 11 wide-body passenger aircraft. Fly primarily acquires aircraft by entering into purchase and leaseback transactions with airlines for new aircraft, purchasing portfolios consisting of aircraft of various types and ages, and acquiring individual aircraft. As of December 31, 2014, the Company had 72 Boeing aircraft and 55 Airbus aircraft in its fleet. As of December 31, 2014, the Companys aircraft portfolio ranged across 64 airlines in 36 countries. Fly Leasing Management Co. Limited (Manager) manages the Companys operations.