JetBlue Airways (NASDAQ:JBLU) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday, January 13th.
A number of other equities research analysts also recently commented on the company. Stifel Nicolaus reiterated a “hold” rating and issued a $23.00 target price (up from $20.00) on shares of JetBlue Airways in a research report on Wednesday, January 10th. Bank of America downgraded JetBlue Airways from a “buy” rating to an “underperform” rating and set a $22.00 price objective on the stock. in a research report on Tuesday, January 9th. ValuEngine upgraded JetBlue Airways from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Cowen reaffirmed a “market perform” rating and set a $24.00 target price (up previously from $22.00) on shares of JetBlue Airways in a research note on Tuesday, December 12th. Finally, Stephens assumed coverage on JetBlue Airways in a research note on Wednesday, November 29th. They set an “equal weight” rating and a $22.00 target price on the stock. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $24.32.
Shares of JetBlue Airways (JBLU) traded down $0.61 during trading on Friday, hitting $20.33. The stock had a trading volume of 4,013,532 shares, compared to its average volume of 5,222,523. JetBlue Airways has a fifty-two week low of $18.05 and a fifty-two week high of $24.13. The stock has a market capitalization of $6,518.75, a P/E ratio of 5.78 and a beta of 0.59. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.25.
JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings data on Thursday, January 25th. The transportation company reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.02). The business had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.75 billion. JetBlue Airways had a net margin of 16.35% and a return on equity of 14.20%. JetBlue Airways’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.50 earnings per share. analysts forecast that JetBlue Airways will post 1.88 earnings per share for the current year.
JetBlue Airways announced that its Board of Directors has approved a stock repurchase plan on Wednesday, December 13th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the transportation company to buy shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.
In other JetBlue Airways news, EVP George Martin J. St sold 2,500 shares of the stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $21.59, for a total transaction of $53,975.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Robin Hayes sold 2,000 shares of the stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $21.38, for a total value of $42,760.00. Following the sale, the chief executive officer now directly owns 398,535 shares in the company, valued at $8,520,678.30. The disclosure for this sale can be found here. In the last quarter, insiders have sold 20,545 shares of company stock valued at $442,303. Company insiders own 0.60% of the company’s stock.
Large investors have recently bought and sold shares of the company. Legal & General Group Plc boosted its holdings in JetBlue Airways by 8.8% in the 3rd quarter. Legal & General Group Plc now owns 260,874 shares of the transportation company’s stock worth $4,834,000 after buying an additional 21,209 shares during the last quarter. Mitsubishi UFJ Asset Management UK Ltd. lifted its stake in JetBlue Airways by 50.9% in the 4th quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 68,200 shares of the transportation company’s stock worth $1,523,000 after purchasing an additional 23,000 shares in the last quarter. Palisade Capital Management LLC NJ lifted its stake in JetBlue Airways by 34.4% in the 3rd quarter. Palisade Capital Management LLC NJ now owns 21,500 shares of the transportation company’s stock worth $398,000 after purchasing an additional 5,500 shares in the last quarter. Frontier Capital Management Co. LLC lifted its stake in JetBlue Airways by 47.0% in the 4th quarter. Frontier Capital Management Co. LLC now owns 5,293,229 shares of the transportation company’s stock worth $118,251,000 after purchasing an additional 1,692,657 shares in the last quarter. Finally, TIAA FSB lifted its stake in JetBlue Airways by 26.1% in the 3rd quarter. TIAA FSB now owns 237,428 shares of the transportation company’s stock worth $4,400,000 after purchasing an additional 49,142 shares in the last quarter. Hedge funds and other institutional investors own 89.65% of the company’s stock.
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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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