JetBlue Airways (NASDAQ:JBLU)‘s stock had its “hold” rating restated by investment analysts at Stephens in a note issued to investors on Tuesday. They presently have a $23.00 price target on the transportation company’s stock. Stephens’ price target would indicate a potential upside of 15.12% from the company’s current price.
Other equities research analysts have also recently issued research reports about the stock. Morgan Stanley dropped their price target on shares of JetBlue Airways from $23.00 to $22.00 and set an “equal weight” rating for the company in a research report on Thursday, April 12th. BidaskClub raised shares of JetBlue Airways from a “sell” rating to a “hold” rating in a research report on Saturday, January 13th. Stifel Nicolaus reissued a “hold” rating and set a $23.00 price target (up previously from $20.00) on shares of JetBlue Airways in a research report on Wednesday, January 10th. ValuEngine cut shares of JetBlue Airways from a “buy” rating to a “hold” rating in a research report on Monday, April 9th. Finally, Wolfe Research raised shares of JetBlue Airways from an “underperform” rating to a “market perform” rating in a research report on Monday, February 12th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $24.56.
JBLU traded up $0.17 during trading on Tuesday, hitting $19.98. 320,051 shares of the stock traded hands, compared to its average volume of 4,905,538. The stock has a market capitalization of $6,278.33, a P/E ratio of 11.73, a PEG ratio of 0.56 and a beta of 0.55. 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 12-month low of $18.05 and a 12-month high of $24.13.
JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings results on Thursday, January 25th. The transportation company reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.02). The firm had revenue of $1.76 billion for 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 13.57%. The company’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.50 EPS. sell-side analysts expect that JetBlue Airways will post 1.9 EPS for the current fiscal year.
In other news, CEO Robin Hayes sold 2,000 shares of the firm’s stock in a transaction dated Monday, April 2nd. The shares were sold at an average price of $20.32, for a total value of $40,640.00. Following the completion of the sale, the chief executive officer now directly owns 426,069 shares of the company’s stock, valued at approximately $8,657,722.08. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP James G. Hnat sold 5,000 shares of the firm’s stock in a transaction dated 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 sale, 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 14,000 shares of company stock valued at $296,420. Corporate insiders own 0.63% of the company’s stock.
Several large investors have recently bought and sold shares of JBLU. Delek Group Ltd. bought a new position in shares of JetBlue Airways in the 4th quarter worth about $10,443,000. J. Goldman & Co LP bought a new position in shares of JetBlue Airways in the 4th quarter worth about $9,382,000. MetLife Investment Advisors LLC bought a new position in shares of JetBlue Airways in the 4th quarter worth about $4,532,000. BB&T Securities LLC increased its stake in shares of JetBlue Airways by 19.1% in the 4th quarter. BB&T Securities LLC now owns 16,337 shares of the transportation company’s stock worth $364,000 after acquiring an additional 2,623 shares in the last quarter. Finally, Sentinel Trust Co. LBA increased its stake in shares of JetBlue Airways by 2.0% in the 4th quarter. Sentinel Trust Co. LBA now owns 171,020 shares of the transportation company’s stock worth $3,820,000 after acquiring an additional 3,395 shares in the last quarter. 92.26% of the stock is owned by hedge funds and other institutional investors.
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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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