Wolfe Research downgraded shares of JetBlue Airways (NASDAQ:JBLU) from a market perform rating to an underperform rating in a research report sent to investors on Friday, The Fly reports.
A number of other equities research analysts have also issued reports on JBLU. Imperial Capital raised their price target on shares of JetBlue Airways from $24.00 to $27.00 and gave the stock an outperform rating in a report on Tuesday. BidaskClub raised shares of JetBlue Airways from a hold rating to a buy rating in a report on Wednesday, November 28th. Credit Suisse Group began coverage on shares of JetBlue Airways in a report on Monday, November 19th. They issued an underperform rating and a $16.00 price target on the stock. Zacks Investment Research raised shares of JetBlue Airways from a sell rating to a hold rating in a report on Wednesday, September 12th. Finally, TheStreet lowered shares of JetBlue Airways from a b- rating to a c+ rating in a report on Monday, October 15th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. JetBlue Airways presently has a consensus rating of Hold and a consensus target price of $20.79.
NASDAQ:JBLU traded down $0.96 during trading hours on Friday, reaching $17.89. The company’s stock had a trading volume of 6,962,979 shares, compared to its average volume of 4,116,453. The stock has a market cap of $5.75 billion, a PE ratio of 10.46, a PEG ratio of 1.68 and a beta of 0.59. JetBlue Airways has a 1 year low of $15.76 and a 1 year high of $23.08. 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 (NASDAQ:JBLU) last issued its earnings results on Tuesday, October 23rd. The transportation company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. The company had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $2.01 billion. JetBlue Airways had a net margin of 9.27% and a return on equity of 9.66%. The firm’s revenue was up 10.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.55 EPS. Sell-side analysts anticipate that JetBlue Airways will post 1.45 EPS for the current year.
In other news, EVP James G. Hnat sold 6,000 shares of JetBlue Airways stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $19.30, for a total transaction of $115,800.00. Following the sale, the executive vice president now owns 3,437 shares of the company’s stock, valued at approximately $66,334.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.63% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC bought a new stake in shares of JetBlue Airways during the 2nd quarter valued at about $29,956,000. US Bancorp DE lifted its position in JetBlue Airways by 78.0% during the 2nd quarter. US Bancorp DE now owns 62,551 shares of the transportation company’s stock valued at $1,187,000 after acquiring an additional 27,408 shares during the period. Aperio Group LLC lifted its position in JetBlue Airways by 1.6% during the 3rd quarter. Aperio Group LLC now owns 266,768 shares of the transportation company’s stock valued at $5,165,000 after acquiring an additional 4,208 shares during the period. Commonwealth Equity Services LLC lifted its position in JetBlue Airways by 13.7% during the 2nd quarter. Commonwealth Equity Services LLC now owns 72,588 shares of the transportation company’s stock valued at $1,378,000 after acquiring an additional 8,721 shares during the period. Finally, Canada Pension Plan Investment Board lifted its position in JetBlue Airways by 54.2% during the 3rd quarter. Canada Pension Plan Investment Board now owns 812,300 shares of the transportation company’s stock valued at $15,726,000 after acquiring an additional 285,500 shares during the period. 88.91% of the stock is currently owned by hedge funds and other 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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