Fly Leasing (NYSE:FLY) Upgraded by JPMorgan Chase & Co. to Overweight

1
128
stock_market_daily_information
Business or finance concept : Asia Pacific stock market data and candle stick graph chart on monitor

Fly Leasing stock has undergone multiple analysts rating changes in the recent past.  Fly Leasing stock rating Upgraded by   JPMorgan Chase & Co. on 5/26/2020. In a note to investors, the firm issued a Overweight rating. The analysts previously had Neutral rating on the stock.

Shares of Fly Leasing traded up 1.99 on Tuesday, reaching 8.16. 2073490 shares of the stock traded hands, compared to its average volume of 386547. Shares of FLY
Fly Leasing closed at 8.16 on Tuesday. The firm’s 50 day moving average is $$5.82 and its 200 day moving average is $15.78.Fly Leasing  has a 12 month low of 6.96 and a 12 month high of 23.21.

FLY
Fly Leasing Earnings and What to expect: 

Fly Leasing last announced its quarterly earnings data on February 27th, 2020. The transportation company reported $2.43 EPS for the quarter, topping the consensus estimate of $1.69 by $0.74. The business had revenue of $135.82 million for the quarter, compared to the consensus estimate of $135.94 million. Its revenue was up 19.4% compared to the same quarter last year. Fly Leasing has generated $7.75 earnings per share over the last year and currently has a price-to-earnings ratio of 1.2. Fly Leasing has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Thursday, August 27th, 2020 based off prior year’s report dates.

Earnings for Fly Leasing are expected to grow by 3.16% in the coming year, from $2.53 to $2.61 per share. The P/E ratio of Fly Leasing is 1.18, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 13.89. The P/E ratio of Fly Leasing is 1.18, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 13.24. Fly Leasing has a P/B Ratio of 0.29. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Latest Insiders Trading and Volume : 

  • There is no enough data Insider Ownership Percentage
  • On 12/16/2014 Insider Nola Marjorie Heale Buy 60,000 at average share price of $0.36 which equates to $21,300.00 in money value.
  • On Not Data Available Not Data Available Not Data Available Not Data Available Not Data Available at average price of  Not Data Available with total value of : Not Data Available
  • On Not Data Available Not Data Available Not Data Available Not Data Available Not Data Available at average price of  Not Data Available with total value of : Not Data Available

Fly Leasing (NYSE:FLY) Moving Average Technical Analysis

5 day Moving Average is $$6.45 And 5 day price change is $1.61 (26.31%)  with average volume for 5 day average is 331,769. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $5.82 and 20 day price change is $2.52 (48.37%) and average 20 day moving volume is 433,867

Compare this to pre-covid-19 (Coronavirus) pandemic , 50 day moving average is $5.82  and 50 day price change is -$2.47 ( -24.22%)  and with average volume for 50 days is : 427,997. 200 day moving average is $15.78  and 200 day price change is -$9.34 (-54.72%)  and with average volume for 200 days is : 257,743.

 

1 COMMENT

Comments are closed.