JetBlue Airways Corporation (JBLU) Given Average Recommendation of “Hold” by Analysts
JetBlue Airways Corporation (NASDAQ:JBLU) has been assigned a consensus recommendation of “Hold” from the nineteen research firms that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $25.02.
Several research firms recently issued reports on JBLU. Stephens began coverage on JetBlue Airways in a report on Wednesday, November 29th. They issued an “equal weight” rating and a $22.00 price target on the stock. ValuEngine upgraded JetBlue Airways from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 23rd. J P Morgan Chase & Co cut JetBlue Airways from an “overweight” rating to a “neutral” rating and set a $22.00 price target on the stock. in a report on Wednesday, November 1st. Cowen reiterated a “market perform” rating and issued a $24.00 price target (up previously from $22.00) on shares of JetBlue Airways in a report on Tuesday. Finally, Zacks Investment Research upgraded JetBlue Airways from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 15th.
In other JetBlue Airways news, EVP George Martin J. St sold 2,500 shares of the firm’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $21.59, for a total transaction of $53,975.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Joel Clinton Peterson sold 5,120 shares of the firm’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $18.45, for a total value of $94,464.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,785 shares of company stock worth $448,492. Company insiders own 0.60% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the business. IFP Advisors Inc boosted its holdings in JetBlue Airways by 38.1% during the second quarter. IFP Advisors Inc now owns 7,672 shares of the transportation company’s stock worth $175,000 after buying an additional 2,117 shares during the last quarter. Cetera Advisors LLC bought a new position in shares of JetBlue Airways during the 3rd quarter valued at about $199,000. Investment Centers of America Inc. bought a new position in shares of JetBlue Airways during the 2nd quarter valued at about $205,000. Lincoln National Corp bought a new position in shares of JetBlue Airways during the 2nd quarter valued at about $210,000. Finally, Keybank National Association OH bought a new position in shares of JetBlue Airways during the 2nd quarter valued at about $210,000. Hedge funds and other institutional investors own 89.86% of the company’s stock.
Shares of JetBlue Airways (NASDAQ:JBLU) traded down $0.10 during trading hours on Thursday, hitting $21.49. The stock had a trading volume of 6,294,900 shares, compared to its average volume of 5,831,258. JetBlue Airways has a 52 week low of $18.05 and a 52 week high of $24.13. The firm has a market capitalization of $6,790.00, a price-to-earnings ratio of 11.13 and a beta of 0.68. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.56 and a current ratio of 0.56.
JetBlue Airways (NASDAQ:JBLU) last announced its earnings results on Tuesday, October 24th. The transportation company reported $0.55 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.03. JetBlue Airways had a return on equity of 15.95% and a net margin of 9.38%. The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same period last year, the company posted $0.58 earnings per share. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. analysts predict that JetBlue Airways will post 1.74 EPS for the current fiscal year.
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JetBlue Airways Company Profile
JetBlue Airways Corporation is a passenger carrier company. The Company provides air transportation services across the United States, the Caribbean and Latin America. Its segments include Domestic, and Caribbean & Latin America. It operates various kinds of aircrafts, including Airbus A321, Airbus A320 and Embraer E190.
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