JetBlue Airways (NASDAQ:JBLU)‘s stock had its “outperform” rating reaffirmed by research analysts at Imperial Capital in a report issued on Wednesday, Marketbeat.com reports. They currently have a $25.00 target price on the transportation company’s stock, down from their previous target price of $27.00. Imperial Capital’s price target points to a potential upside of 46.37% from the stock’s previous close. Imperial Capital also issued estimates for JetBlue Airways’ Q1 2019 earnings at $0.22 EPS, Q2 2019 earnings at $0.55 EPS, Q3 2019 earnings at $0.57 EPS, Q4 2019 earnings at $0.51 EPS and FY2020 earnings at $2.50 EPS.

Several other research firms have also commented on JBLU. Zacks Investment Research upgraded shares of JetBlue Airways from a “sell” rating to a “hold” rating in a research report on Wednesday, September 12th. Citigroup upped their price target on shares of JetBlue Airways from $21.50 to $22.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 3rd. Wolfe Research downgraded shares of JetBlue Airways from a “market perform” rating to an “underperform” rating in a report on Friday, December 7th. BidaskClub raised shares of JetBlue Airways from a “hold” rating to a “buy” rating in a report on Wednesday, November 28th. Finally, Bank of America set a $16.00 price objective on shares of JetBlue Airways and gave the stock a “sell” rating in a report on Wednesday, October 3rd. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the stock. JetBlue Airways presently has an average rating of “Hold” and a consensus target price of $20.30.

JetBlue Airways stock opened at $17.08 on Wednesday. The stock has a market cap of $5.25 billion, a PE ratio of 9.99, a PEG ratio of 1.24 and a beta of 0.83. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.60 and a quick ratio of 0.57. JetBlue Airways has a one year low of $15.19 and a one year high of $23.08.

JetBlue Airways (NASDAQ:JBLU) last released its quarterly earnings results on Tuesday, October 23rd. The transportation company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.42 by $0.01. The business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.01 billion. JetBlue Airways had a net margin of 9.27% and a return on equity of 9.66%. The company’s quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.55 earnings per share. Equities research analysts predict that JetBlue Airways will post 1.47 EPS for the current year.

In other JetBlue Airways news, CEO Robin Hayes sold 2,500 shares of the company’s stock in a transaction dated Thursday, December 13th. The shares were sold at an average price of $17.70, for a total value of $44,250.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.63% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of JBLU. Janus Henderson Group PLC lifted its holdings in JetBlue Airways by 23.1% in the 2nd quarter. Janus Henderson Group PLC now owns 15,728 shares of the transportation company’s stock valued at $299,000 after acquiring an additional 2,956 shares during the last quarter. Legal & General Group Plc raised its holdings in JetBlue Airways by 1.8% during the 2nd quarter. Legal & General Group Plc now owns 319,944 shares of the transportation company’s stock worth $6,073,000 after buying an additional 5,761 shares during the period. PNC Financial Services Group Inc. raised its holdings in JetBlue Airways by 32.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 21,319 shares of the transportation company’s stock worth $404,000 after buying an additional 5,176 shares during the period. Renaissance Technologies LLC acquired a new stake in JetBlue Airways during the 2nd quarter worth about $29,956,000. Finally, Oregon Public Employees Retirement Fund raised its holdings in JetBlue Airways by 2.9% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 127,529 shares of the transportation company’s stock worth $2,421,000 after buying an additional 3,590 shares during the period. 88.89% of the stock is owned by institutional investors.

About JetBlue Airways

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.

Read More: Yield Curve

Analyst Recommendations for JetBlue Airways (NASDAQ:JBLU)

Receive News & Ratings for JetBlue Airways Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JetBlue Airways and related companies with MarketBeat.com's FREE daily email newsletter.