JetBlue Airways (NASDAQ:JBLU) had its price target lifted by stock analysts at Imperial Capital from $24.00 to $27.00 in a report issued on Tuesday, MarketBeat Ratings reports. The brokerage presently has an “outperform” rating on the transportation company’s stock. Imperial Capital’s price objective suggests a potential upside of 44.08% from the company’s previous close. Imperial Capital also issued estimates for JetBlue Airways’ FY2020 earnings at $2.60 EPS.
Several other analysts have also recently commented on JBLU. BidaskClub upgraded shares of JetBlue Airways from a “hold” rating to a “buy” rating in a research note on Wednesday, August 22nd. Wolfe Research reaffirmed an “underperform” rating on shares of JetBlue Airways in a report on Friday, August 24th. Zacks Investment Research raised shares of JetBlue Airways from a “sell” rating to a “hold” rating in a report on Wednesday, September 12th. Citigroup lifted their target price on shares of JetBlue Airways from $21.50 to $22.00 and gave the company a “neutral” rating in a report on Wednesday, October 3rd. Finally, Bank of America set a $16.00 target price on shares of JetBlue Airways and gave the company a “sell” rating in a report on Wednesday, October 3rd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. JetBlue Airways currently has an average rating of “Hold” and an average price target of $20.79.
Shares of NASDAQ JBLU opened at $18.74 on Tuesday. The company has a quick ratio of 0.57, a current ratio of 0.60 and a debt-to-equity ratio of 0.29. JetBlue Airways has a 12 month low of $15.76 and a 12 month high of $23.08. The company has a market cap of $5.71 billion, a price-to-earnings ratio of 13.39, a price-to-earnings-growth ratio of 1.68 and a beta of 0.59.
JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings data on Tuesday, October 23rd. The transportation company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.42 by $0.01. JetBlue Airways had a net margin of 9.27% and a return on equity of 9.66%. The business had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same period in the previous year, the business posted $0.55 EPS. The business’s quarterly revenue was up 10.5% compared to the same quarter last year. As a group, equities research analysts forecast that JetBlue Airways will post 1.45 earnings per share for the current year.
In other news, EVP James G. Hnat sold 6,000 shares of JetBlue Airways stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of $19.30, for a total transaction of $115,800.00. Following the completion of the transaction, the executive vice president now directly owns 3,437 shares of the company’s stock, valued at approximately $66,334.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.63% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in JetBlue Airways by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 27,243,830 shares of the transportation company’s stock worth $527,441,000 after acquiring an additional 77,999 shares in the last quarter. BlackRock Inc. increased its holdings in JetBlue Airways by 0.3% in the 2nd quarter. BlackRock Inc. now owns 26,288,138 shares of the transportation company’s stock worth $498,949,000 after acquiring an additional 81,918 shares in the last quarter. Primecap Management Co. CA increased its holdings in JetBlue Airways by 0.5% in the 3rd quarter. Primecap Management Co. CA now owns 22,965,825 shares of the transportation company’s stock worth $444,618,000 after acquiring an additional 118,900 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in JetBlue Airways by 0.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 11,520,278 shares of the transportation company’s stock worth $218,651,000 after acquiring an additional 60,141 shares in the last quarter. Finally, Donald Smith & CO. Inc. increased its holdings in JetBlue Airways by 21.7% in the 3rd quarter. Donald Smith & CO. Inc. now owns 8,450,339 shares of the transportation company’s stock worth $163,599,000 after acquiring an additional 1,508,887 shares in the last quarter. 88.91% of the stock is 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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