Fly Leasing Limited (FLY) Receives Price Target

Fly Leasing Limited (FLY) : The highest short term price target forecast on Fly Leasing Limited (FLY) is $19 and the lowest target price is $13. A total of 4 equity analysts are currently covering the company. The average price of all the analysts is $16 with a standard deviation of $2.45.

Fly Leasing Limited (FLY) : 3 brokerage houses believe that Fly Leasing Limited (FLY) is a Strong Buy at current levels. 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Fly Leasing Limited (FLY). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 5 Wall Street Analysts endorse the stock as a Buy with a rating of 1.8.


Also, In a research note released to the investors, Citigroup maintains its rating on Fly Leasing Limited (NYSE:FLY).The analysts at the brokerage house have a current rating of Buy on the shares. In a recent information released to the investors, Citigroup lowers the new price target from $17 per share to $15 per share. The rating by the firm was issued on August 19, 2016.

Fly Leasing Limited (NYSE:FLY): The stock opened at $11.89 on Thursday but the bulls could not build on the opening and the stock topped out at $12.00 for the day. The stock traded down to $11.86 during the day, due to lack of any buying support eventually closed down at $11.88 with a loss of -0.92% for the day. The stock had closed at $11.99 on the previous day. The total traded volume was 128,923 shares.

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.

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