BidaskClub upgraded shares of JetBlue Airways (NASDAQ:JBLU) from a strong sell rating to a sell rating in a research note published on Tuesday morning.
A number of other brokerages also recently issued reports on JBLU. Stifel Nicolaus restated a hold rating and set a $19.00 price objective on shares of JetBlue Airways in a research report on Wednesday, August 1st. TheStreet downgraded JetBlue Airways from a b- rating to a c+ rating in a research report on Monday, October 15th. Imperial Capital cut their target price on JetBlue Airways from $26.00 to $24.00 and set an outperform rating on the stock in a research note on Wednesday, October 24th. Barclays cut their target price on JetBlue Airways from $29.00 to $27.00 and set an overweight rating on the stock in a research note on Monday, July 16th. Finally, Cowen cut their target price on JetBlue Airways from $22.00 to $20.00 and set a market perform rating on the stock in a research note on Wednesday, July 25th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $20.66.
JBLU stock traded up $0.22 during midday trading on Tuesday, reaching $17.45. 280,046 shares of the company traded hands, compared to its average volume of 5,687,961. JetBlue Airways has a 52-week low of $15.76 and a 52-week high of $23.08. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.60 and a quick ratio of 0.56. The company has a market cap of $5.21 billion, a PE ratio of 10.20, a price-to-earnings-growth ratio of 1.55 and a beta of 0.49.
JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings data on Tuesday, October 23rd. The transportation company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. JetBlue Airways had a return on equity of 9.66% and a net margin of 9.27%. The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the prior year, the business posted $0.55 earnings per share. The company’s quarterly revenue was up 10.5% compared to the same quarter last year. Equities research analysts expect that JetBlue Airways will post 1.43 EPS for the current year.
In related news, EVP James G. Hnat sold 6,000 shares of the stock in a transaction that occurred on Thursday, September 13th. The stock was sold at an average price of $19.30, for a total value of $115,800.00. Following the transaction, the executive vice president now owns 3,437 shares of the company’s stock, valued at $66,334.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Robin Hayes sold 2,000 shares of the stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $19.12, for a total value of $38,240.00. Following the completion of the transaction, the chief executive officer now directly owns 436,803 shares in the company, valued at approximately $8,351,673.36. The disclosure for this sale can be found here. Corporate insiders own 0.63% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Flagship Harbor Advisors LLC bought a new position in JetBlue Airways in the second quarter worth approximately $147,000. Cerebellum GP LLC boosted its position in JetBlue Airways by 75.3% during the 2nd quarter. Cerebellum GP LLC now owns 9,501 shares of the transportation company’s stock valued at $180,000 after acquiring an additional 4,081 shares in the last quarter. Lincoln National Corp bought a new stake in JetBlue Airways during the 2nd quarter valued at $190,000. Private Advisor Group LLC bought a new stake in JetBlue Airways during the 3rd quarter valued at $255,000. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new stake in JetBlue Airways during the 2nd quarter valued at $281,000. 87.18% of the stock is currently owned by institutional investors.
JetBlue Airways Company Profile
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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