Stock To Watch: Fly Leasing Limited (NYSE:FLY)


The leading market experts have placed a mean price target of $16.71 on Fly Leasing Limited (NYSE:FLY) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.40 a share for the upcoming quarter and $1.21 for the current fiscal.

Technical View

The technical analysis of Fly Leasing Limited plainly substantiates that the 50-day moving average of Fly Leasing Limited is $11.31, and stock is trading $0.84 points away or +7.45% from its 50-day moving average of $11.31. Further it is trading $0.43 or +3.71% away its 200-day moving average of $11.72. Fly Leasing Limited (NYSE:FLY) 52-week high is $14.03 and the 52-week low is $9.54.

This explains if the stock moves $-1.88, it will post a 52-week high. In event of +27.36% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Fly Leasing Limited, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Fly Leasing Limited (NYSE:FLY) ratio came in at 7.89.

The stock last ended the trading session at $12.15 and registered a market cap of $405.17M. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Fly Leasing Limited (NYSE:FLY) PEG ratio is at -6.29.

1 Chart Pattern Every Investor Should Know

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