BidaskClub upgraded shares of JetBlue Airways (NASDAQ:JBLU) from a sell rating to a hold rating in a research note issued to investors on Friday.
Several other research analysts have also recently weighed in on JBLU. Stephens initiated coverage on shares of JetBlue Airways in a research report on Wednesday, November 29th. They issued an equal weight rating and a $22.00 price objective for the company. ValuEngine upgraded shares of 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 price objective (up previously from $22.00) on shares of JetBlue Airways in a research report on Tuesday, December 12th. Bank of America cut shares of JetBlue Airways from a buy rating to an underperform rating and set a $22.00 target price for the company. in a research report on Tuesday, January 9th. Finally, Stifel Nicolaus reiterated a hold rating and set a $23.00 target price (up previously from $20.00) on shares of JetBlue Airways in a research report on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. JetBlue Airways has an average rating of Hold and an average price target of $24.32.
Shares of JetBlue Airways (JBLU) traded up $0.33 on Friday, hitting $22.59. The stock had a trading volume of 6,418,316 shares, compared to its average volume of 3,459,107. The firm has a market cap of $7,164.59, a P/E ratio of 6.42, a P/E/G ratio of 0.64 and a beta of 0.58. The company has a quick ratio of 0.48, a current ratio of 0.50 and a debt-to-equity ratio of 0.21. JetBlue Airways has a fifty-two week low of $18.05 and a fifty-two week high of $24.13.
JetBlue Airways (NASDAQ:JBLU) last announced its earnings results on Thursday, January 25th. The transportation company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.02). JetBlue Airways had a return on equity of 13.57% and a net margin of 16.35%. The business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.75 billion. During the same period in the previous year, the firm earned $0.50 earnings per share. The firm’s revenue was up 7.0% compared to the same quarter last year. sell-side analysts anticipate that JetBlue Airways will post 1.92 EPS for the current fiscal year.
JetBlue Airways declared that its Board of Directors has authorized a share buyback program on Wednesday, December 13th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the transportation company to purchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.
In related news, VP Alexander Chatkewitz sold 3,000 shares of the company’s stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $22.58, for a total value of $67,740.00. Following the completion of the transaction, the vice president now directly owns 3,096 shares of the company’s stock, valued at approximately $69,907.68. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP James G. Hnat sold 5,000 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $20.84, for a total transaction of $104,200.00. Following the completion of the transaction, the executive vice president now directly owns 9,555 shares of the company’s stock, valued at $199,126.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,000 shares of company stock valued at $369,720. Company insiders own 0.60% of the company’s stock.
Several institutional investors have recently bought and sold shares of JBLU. Keybank National Association OH boosted its stake in shares of JetBlue Airways by 87.0% during the 3rd quarter. Keybank National Association OH now owns 17,200 shares of the transportation company’s stock worth $319,000 after buying an additional 8,000 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of JetBlue Airways by 18.0% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 244,046 shares of the transportation company’s stock worth $4,522,000 after buying an additional 37,296 shares during the last quarter. New York State Common Retirement Fund boosted its stake in shares of JetBlue Airways by 36.9% during the 3rd quarter. New York State Common Retirement Fund now owns 1,009,389 shares of the transportation company’s stock worth $18,704,000 after buying an additional 272,003 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its stake in shares of JetBlue Airways by 82.0% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 10,653 shares of the transportation company’s stock worth $232,000 after buying an additional 4,801 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of JetBlue Airways by 0.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,433,993 shares of the transportation company’s stock worth $63,630,000 after buying an additional 21,073 shares during the last quarter. Institutional investors own 91.04% 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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