Fly Leasing Limited (NYSE:FLY) PEG Ratio At -5.89

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Market experts has given a mean price target of $17.40 to Fly Leasing Limited (NYSE:FLY) stock. The target price is the mean of all calls released by analysts in First Call poll. They have EPS estimate of $0.41 for the near-term quarter and $1.26 for this year.

Technical View

The technical assessment of Fly Leasing Limited pinpoints that the 50-day moving average of Fly Leasing Limited (NYSE:FLY) stock is $11.88, and is trading $-0.15 points away or -1.30% from 50-day moving average of $11.88. It is trading $0.04 or +0.36% off 200-day MA of $11.69.

The 52-week high of Fly Leasing Limited (NYSE:FLY) was $14.03 while $9.54 is the low point in the same period. Fly Leasing Limited share price has to rise more than $-2.30 to register a high for 52-weeks or drop +22.96% to make 52-week low. MA should be referred to as moving average.

Without understanding when a stock is over-valued, or too richly priced, a shareholder may miss out on a chance to cash-in on a profit and investment. Worse, a shareholder might close up their position when a price has no direction.

P/E ratio

Fly Leasing Limited (NYSE:FLY) P/E ratio is 7.62 while PEG ratio is at -5.89. By overlooking a firm’s price-to-earnings ratio, a shareholder could miss out to discover the true value of stocks and end up investing in the wrong stocks. A P/E ratio is a computation of how much investors are wanting to pay for a purchasing an equity relative to the firm’s earnings. It is valuable when comparing the equity price of one firm to another trading in the same industry. The P/E ratio is discovered by dividing market value of stock by average earnings per share in a specified period of time, for instance, the past year.

Fly Leasing Limited stock recorded a close of $11.73 in last trading session, which brings it market cap to $391.16M.

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