Zacks Rating on Fly Leasing Limited (FLY)

Fly Leasing Limited (FLY) : 5 analysts are covering Fly Leasing Limited (FLY) and their average rating on the stock is 1.8, 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. 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 4 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 $16. The estimated standard deviation from the target is $2.45.


Shares of FLY Leasing Limited rose by 2.47% in the last five trading days and 9.05% for the last 4 weeks. FLY Leasing Limited is up 3.17% in the last 3-month period. Year-to-Date the stock performance stands at -11.72%. Fly Leasing Limited (NYSE:FLY): The stock was completely flat for the day, closing at $12.05 on Tuesday. The flat closing masks the intraday volatility in the stock. After opening at $11.98, the stock touched an intraday high of $12.28 and a low of $11.98. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $12.05. The total trading volume on Tuesday was 90,346.

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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