Media stories about JetBlue Airways (NASDAQ:JBLU) have trended somewhat positive on Saturday, Accern reports. The research firm identifies negative and positive press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. JetBlue Airways earned a news sentiment score of 0.08 on Accern’s scale. Accern also assigned press coverage about the transportation company an impact score of 47.0228751471814 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have impacted Accern Sentiment’s analysis:
Several analysts recently commented on the company. Zacks Investment Research upgraded JetBlue Airways from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 15th. Stephens assumed coverage on JetBlue Airways in a research report on Wednesday, November 29th. They issued an “equal weight” rating and a $22.00 target price on the stock. ValuEngine upgraded JetBlue Airways from a “buy” rating to a “strong-buy” rating in a research report on Monday, December 11th. Cowen restated a “market perform” rating and issued a $24.00 target price (up from $22.00) on shares of JetBlue Airways in a research report on Tuesday, December 12th. Finally, Deutsche Bank raised their target price on JetBlue Airways from $26.00 to $27.00 and gave the company a “buy” rating in a research report on Wednesday, October 25th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. JetBlue Airways currently has an average rating of “Hold” and an average price target of $24.09.
JetBlue Airways (JBLU) traded up $0.59 on Friday, hitting $22.93. The stock had a trading volume of 4,361,571 shares, compared to its average volume of 4,094,137. The company has a market cap of $7,163.25, a price-to-earnings ratio of 11.82 and a beta of 0.68. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.25. JetBlue Airways has a 1-year low of $18.05 and a 1-year high of $24.13.
JetBlue Airways (NASDAQ:JBLU) last released its quarterly earnings data on Tuesday, October 24th. The transportation company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.03. The business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.81 billion. JetBlue Airways had a return on equity of 15.95% and a net margin of 9.38%. The company’s revenue was up 4.7% compared to the same quarter last year. During the same period last year, the company posted $0.58 EPS. equities research analysts expect that JetBlue Airways will post 1.77 EPS for the current fiscal year.
JetBlue Airways announced that its Board of Directors has approved a stock buyback program on Wednesday, December 13th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the transportation company to buy shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.
In related news, Director Joel Clinton Peterson sold 5,120 shares of JetBlue Airways stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $18.96, for a total transaction of $97,075.20. Following the completion of the sale, the director now owns 539,702 shares of the company’s stock, valued at $10,232,749.92. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP James G. Hnat sold 2,000 shares of JetBlue Airways stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $21.05, for a total value of $42,100.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,665 shares of company stock valued at $343,388. 0.60% of the stock is currently owned by insiders.
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JetBlue Airways Company Profile
JetBlue Airways Corporation is a passenger carrier company. The Company provides air transportation services across the United States, the Caribbean and Latin America. Its segments include Domestic, and Caribbean & Latin America. It operates various kinds of aircrafts, including Airbus A321, Airbus A320 and Embraer E190.
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