Zacks upgraded shares of Fly Leasing (NYSE:FLY) from an underperform rating to a neutral rating in a research note released on Friday morning, American Banking News reports. They currently have $14.20 target price on the stock.
Zacks has also modified their ratings on a number of other services stocks in the few days. The firm reiterated its neutral rating on shares of Sina. They have a $84.00 price target on that stock. Also, Zacks upgraded shares of Perfect World Co Ltd from an underperform rating to a neutral rating. Zacks now has a $20.90 price target on that stock. Finally, Zacks downgraded shares of Farmers Capital Bank Corp from an outperform rating to a neutral rating. Their analysts now have a $23.90 price target on that stock.
Shares of Fly Leasing (NYSE:FLY) traded up 2.47% on Friday, hitting $14.3052. The stock had a trading volume of 184,001 shares. Fly Leasing has a 1-year low of $11.06 and a 1-year high of $17.37. The stock’s 50-day moving average is $13.31 and its 200-day moving average is $15.12. The company has a market cap of $402.9 million and a price-to-earnings ratio of 9.71.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital initiated coverage on shares of Fly Leasing (NYSE:FLY) in a research note to investors on Friday, August 16th. They set an outperform rating and a $18.00 price target on the stock. Separately, analysts at Wells Fargo & Co. downgraded shares of Fly Leasing (NYSE:FLY) from an outperform rating to a market perform rating in a research note to investors on Friday, August 2nd. Finally, analysts at Deutsche Bank reiterated a buy rating on shares of Fly Leasing (NYSE:FLY) in a research note to investors on Monday, July 15th.
One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. Fly Leasing presently has a consensus rating of Hold and a consensus price target of $15.05.
Fly Leasing Limited, formerly Babcock & Brown Air Limited (NYSE:FLY), is a global lessor of modern, fuel-efficient commercial jet aircraft.
To view Zacks’ full report, visit www.zacks.com
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