JetBlue Airways (NASDAQ:JBLU) had its target price cut by Cowen from $20.00 to $19.00 in a research report released on Thursday morning, Briefing.com Automated Import reports. They currently have a market perform rating on the transportation company’s stock.
Other analysts also recently issued research reports about the company. Vertical Research upgraded JetBlue Airways from a hold rating to a buy rating and set a $17.98 price objective on the stock in a report on Friday, June 7th. Buckingham Research cut their price objective on JetBlue Airways from $21.00 to $18.00 and set a neutral rating on the stock in a report on Friday, September 6th. Citigroup upgraded JetBlue Airways from a neutral rating to a buy rating and boosted their price objective for the stock from $19.50 to $26.00 in a report on Tuesday, June 11th. BidaskClub downgraded JetBlue Airways from a sell rating to a strong sell rating in a report on Tuesday, August 20th. Finally, Credit Suisse Group lifted their target price on JetBlue Airways from $19.00 to $20.00 and gave the company a neutral rating in a research note on Wednesday, July 24th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $20.23.
NASDAQ JBLU opened at $17.39 on Thursday. The stock’s 50-day moving average price is $18.14 and its two-hundred day moving average price is $17.83. The company has a current ratio of 0.51, a quick ratio of 0.48 and a debt-to-equity ratio of 0.42. The company has a market cap of $5.08 billion, a PE ratio of 11.22, a PEG ratio of 0.41 and a beta of 0.89. JetBlue Airways has a 1 year low of $15.19 and a 1 year high of $20.14.
JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $0.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.03. The firm had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.10 billion. JetBlue Airways had a return on equity of 11.35% and a net margin of 5.53%. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.38 EPS. Research analysts forecast that JetBlue Airways will post 1.95 EPS for the current fiscal year.
In related 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 value of $58,290.00. Following the completion of the sale, the senior vice president now owns 4,429 shares of the company’s stock, valued at approximately $86,055.47. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Robin Hayes sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $19.14, for a total value of $47,850.00. Following the completion of the sale, the chief executive officer now directly owns 478,393 shares of the company’s stock, valued at approximately $9,156,442.02. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,335 shares of company stock worth $268,395. Company insiders own 0.79% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Executive Wealth Management LLC bought a new stake in shares of JetBlue Airways in the 2nd quarter valued at approximately $37,000. Private Capital Group LLC grew its stake in shares of JetBlue Airways by 130.2% in the 2nd quarter. Private Capital Group LLC now owns 2,044 shares of the transportation company’s stock valued at $39,000 after buying an additional 1,156 shares in the last quarter. FinTrust Capital Advisors LLC grew its stake in shares of JetBlue Airways by 81.4% in the 2nd quarter. FinTrust Capital Advisors LLC now owns 2,422 shares of the transportation company’s stock valued at $45,000 after buying an additional 1,087 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new stake in shares of JetBlue Airways in the 2nd quarter valued at approximately $59,000. Finally, Advisory Services Network LLC grew its stake in shares of JetBlue Airways by 17.3% in the 2nd quarter. Advisory Services Network LLC now owns 6,852 shares of the transportation company’s stock valued at $127,000 after buying an additional 1,011 shares in the last quarter. 91.60% of the stock is owned by institutional investors and hedge funds.
About JetBlue Airways
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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