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Dahlman Rose Reiterates Buy Rating, $16.50 PT for Fly Leasing

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In a company update published earlier today, Dahlman Rose & Company, LLC reiterated its Buy rating and $16.50 price target for Fly Leasing Limited (NYSE: FLY).

Dahlman Rose went on to say “We reiterate our Buy rating on the common shares of FLY Leasing and price target of $16.50, which is based on 0.9x current book value per share and 0.8x our 2012 book value estimate. We are estimating 2012 EPS of $2.45 and 2013 EPS of $2.60. At $16.50, FLY Leasing would be trading at 6.7x our 2012 and 6.3x our 2013 EPS estimates, respectively. We continue to believe future earnings will be driven by aircraft acquisitions.”

Fly Leasing Limited closed yesterday at $11.61.

Posted-In: Dahlman Rose & CompanyAnalyst Color Reiteration Analyst Ratings


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