JetBlue Airways (NASDAQ:JBLU) Downgraded by ValuEngine to Sell

ValuEngine lowered shares of JetBlue Airways (NASDAQ:JBLU) from a hold rating to a sell rating in a research note issued to investors on Thursday morning, ValuEngine reports.

Other analysts have also issued reports about the company. Citigroup raised JetBlue Airways from a neutral rating to a buy rating and boosted their price objective for the company from $19.50 to $26.00 in a report on Tuesday, June 11th. Imperial Capital reissued an outperform rating and issued a $26.00 price objective (up from $24.00) on shares of JetBlue Airways in a report on Thursday, June 20th. Cowen reissued a market perform rating and issued a $19.00 price objective on shares of JetBlue Airways in a report on Thursday, April 11th. Zacks Investment Research raised JetBlue Airways from a sell rating to a hold rating in a report on Tuesday, April 30th. Finally, TheStreet raised JetBlue Airways from a c+ rating to a b rating in a report on Tuesday, July 23rd. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $20.45.

Shares of NASDAQ JBLU traded down $0.15 during midday trading on Thursday, reaching $18.88. 308,513 shares of the company’s stock were exchanged, compared to its average volume of 4,258,610. JetBlue Airways has a 52-week low of $15.19 and a 52-week high of $20.14. The company has a market capitalization of $5.64 billion, a PE ratio of 12.03, a PEG ratio of 0.42 and a beta of 0.90. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.51 and a quick ratio of 0.50. The stock’s fifty day moving average price is $19.02.

JetBlue Airways (NASDAQ:JBLU) last announced its earnings results on Tuesday, July 23rd. The transportation company reported $0.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.03. JetBlue Airways had a return on equity of 11.35% and a net margin of 5.53%. The business had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.10 billion. During the same period in the previous year, the company earned $0.38 earnings per share. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. As a group, analysts expect that JetBlue Airways will post 2 EPS for the current year.

In other news, SVP Brandon Nelson sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $19.43, for a total transaction of $58,290.00. Following the completion of the transaction, the senior vice president now directly owns 4,429 shares in the company, valued at $86,055.47. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Robin Hayes sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $18.27, for a total value of $45,675.00. Following the transaction, the chief executive officer now owns 480,666 shares of the company’s stock, valued at $8,781,767.82. The disclosure for this sale can be found here. Insiders have sold 12,000 shares of company stock valued at $224,335 over the last ninety days. Corporate insiders own 0.79% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JBLU. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in JetBlue Airways during the 1st quarter valued at $25,000. Investors Research Corp bought a new stake in JetBlue Airways during the first quarter valued at about $25,000. First Command Bank bought a new stake in JetBlue Airways during the first quarter valued at about $35,000. Executive Wealth Management LLC bought a new stake in JetBlue Airways during the second quarter valued at about $37,000. Finally, FinTrust Capital Advisors LLC boosted its holdings in JetBlue Airways by 81.4% during the second quarter. FinTrust Capital Advisors LLC now owns 2,422 shares of the transportation company’s stock valued at $45,000 after acquiring an additional 1,087 shares during the period. Hedge funds and other institutional investors own 92.56% of the company’s stock.

JetBlue Airways Company Profile

JetBlue Airways Corporation, a passenger carrier company, provides air transportation services. As of December 31, 2018, the company operated a fleet of 63 Airbus A321 aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 105 destinations in the 31 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for JetBlue Airways (NASDAQ:JBLU)

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