BidaskClub upgraded shares of JetBlue Airways (NASDAQ:JBLU) from a sell rating to a hold rating in a research note published on Thursday morning.
Several other brokerages have also issued reports on JBLU. Stephens reaffirmed a hold rating and set a $24.00 price objective on shares of JetBlue Airways in a report on Thursday, March 29th. Stifel Nicolaus reaffirmed a hold rating and set a $21.00 price objective on shares of JetBlue Airways in a report on Wednesday, April 25th. Morgan Stanley raised their price objective on JetBlue Airways from $22.00 to $23.00 and gave the stock an equal weight rating in a report on Monday, April 16th. ValuEngine lowered JetBlue Airways from a buy rating to a hold rating in a report on Monday, April 9th. Finally, Cowen reaffirmed a market perform rating and set a $22.00 price objective (down previously from $23.00) on shares of JetBlue Airways in a report on Wednesday, April 11th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $23.50.
Shares of JetBlue Airways opened at $18.98 on Thursday, Marketbeat reports. The stock has a market cap of $6.01 billion, a price-to-earnings ratio of 10.66, a PEG ratio of 0.62 and a beta of 0.59. JetBlue Airways has a 1 year low of $18.05 and a 1 year high of $24.13. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.53 and a current ratio of 0.53.
JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings data on Tuesday, April 24th. The transportation company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.05. The company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.76 billion. JetBlue Airways had a return on equity of 13.10% and a net margin of 16.05%. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.25 earnings per share. analysts predict that JetBlue Airways will post 1.71 earnings per share for the current year.
In related news, CEO Robin Hayes sold 2,000 shares of the firm’s stock in a transaction dated Friday, June 1st. The stock was sold at an average price of $19.06, for a total transaction of $38,120.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP James G. Hnat sold 16,805 shares of the firm’s stock in a transaction dated Wednesday, May 23rd. The stock was sold at an average price of $18.62, for a total value of $312,909.10. Following the transaction, the executive vice president now directly owns 9,437 shares in the company, valued at approximately $175,716.94. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,805 shares of company stock worth $488,689. Corporate insiders own 0.63% of the company’s stock.
A number of large investors have recently made changes to their positions in JBLU. Darrell & King LLC acquired a new stake in JetBlue Airways in the first quarter valued at about $32,547,000. Masters Capital Management LLC lifted its position in JetBlue Airways by 300.0% in the fourth quarter. Masters Capital Management LLC now owns 1,000,000 shares of the transportation company’s stock valued at $22,340,000 after purchasing an additional 1,500,000 shares during the period. LSV Asset Management lifted its position in JetBlue Airways by 17.5% in the first quarter. LSV Asset Management now owns 6,384,735 shares of the transportation company’s stock valued at $129,737,000 after purchasing an additional 953,000 shares during the period. Amundi Pioneer Asset Management Inc. acquired a new stake in JetBlue Airways in the fourth quarter valued at about $11,646,000. Finally, Seven Eight Capital LP acquired a new stake in JetBlue Airways in the first quarter valued at about $9,521,000. Hedge funds and other institutional investors own 90.71% of the company’s stock.
About JetBlue Airways
JetBlue Airways Corporation, a passenger carrier company, provides air transportation services. As of December 31, 2017, the company operated a fleet of 53 Airbus A321 aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 101 destinations in 30 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S.
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