JetBlue Airways (NASDAQ:JBLU) Reaches New 52-Week High at $21.34

JetBlue Airways Co. (NASDAQ:JBLU)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $21.34 and last traded at $21.17, with a volume of 3294406 shares traded. The stock had previously closed at $20.51.

A number of equities analysts recently issued reports on JBLU shares. Evercore ISI reiterated a “buy” rating and issued a $24.00 price target on shares of JetBlue Airways in a research note on Monday, December 16th. Buckingham Research upped their price target on shares of JetBlue Airways from $22.00 to $24.00 and gave the stock a “buy” rating in a research note on Tuesday, January 21st. TheStreet upgraded shares of JetBlue Airways from a “c+” rating to a “b-” rating in a research note on Monday, November 11th. Barclays reiterated a “hold” rating and issued a $23.00 price target on shares of JetBlue Airways in a research note on Friday, January 24th. Finally, UBS Group started coverage on shares of JetBlue Airways in a research note on Tuesday, November 12th. They issued a “buy” rating and a $25.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company’s stock. JetBlue Airways has a consensus rating of “Hold” and an average target price of $22.00.

The stock has a 50-day simple moving average of $19.49 and a two-hundred day simple moving average of $18.54. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.50 and a current ratio of 0.53. The firm has a market cap of $6.10 billion, a PE ratio of 11.23, a price-to-earnings-growth ratio of 0.37 and a beta of 0.82.

JetBlue Airways (NASDAQ:JBLU) last issued its earnings results on Thursday, January 23rd. The transportation company reported $0.56 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.01. JetBlue Airways had a return on equity of 12.13% and a net margin of 7.03%. The business had revenue of $2.03 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the previous year, the firm earned $0.50 EPS. JetBlue Airways’s revenue was up 3.2% on a year-over-year basis. As a group, sell-side analysts anticipate that JetBlue Airways Co. will post 2.45 EPS for the current fiscal year.

In other JetBlue Airways news, CFO Stephen J. Priest sold 1,927 shares of the business’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $20.01, for a total value of $38,559.27. Following the completion of the transaction, the chief financial officer now owns 19,545 shares of the company’s stock, valued at approximately $391,095.45. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Robin Hayes sold 2,500 shares of the business’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $18.79, for a total value of $46,975.00. Following the completion of the transaction, the chief executive officer now directly owns 460,725 shares of the company’s stock, valued at approximately $8,657,022.75. The disclosure for this sale can be found here. In the last three months, insiders sold 10,427 shares of company stock valued at $201,679. 0.79% of the stock is owned by insiders.

A number of large investors have recently modified their holdings of JBLU. Donald Smith & CO. Inc. increased its position in shares of JetBlue Airways by 18.0% during the 3rd quarter. Donald Smith & CO. Inc. now owns 10,834,220 shares of the transportation company’s stock valued at $181,473,000 after purchasing an additional 1,654,187 shares during the last quarter. LSV Asset Management increased its position in shares of JetBlue Airways by 3.4% during the 4th quarter. LSV Asset Management now owns 9,028,456 shares of the transportation company’s stock valued at $169,012,000 after purchasing an additional 294,541 shares during the last quarter. Disciplined Growth Investors Inc. MN increased its position in shares of JetBlue Airways by 36.7% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 6,290,507 shares of the transportation company’s stock valued at $105,366,000 after purchasing an additional 1,689,527 shares during the last quarter. Millennium Management LLC increased its position in shares of JetBlue Airways by 2,601.4% during the 3rd quarter. Millennium Management LLC now owns 4,482,298 shares of the transportation company’s stock valued at $75,078,000 after purchasing an additional 4,316,375 shares during the last quarter. Finally, Bank of Montreal Can increased its position in shares of JetBlue Airways by 1,197.8% during the 4th quarter. Bank of Montreal Can now owns 1,494,808 shares of the transportation company’s stock valued at $27,983,000 after purchasing an additional 1,379,624 shares during the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

JetBlue Airways Company Profile (NASDAQ:JBLU)

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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