JetBlue Airways Co. (NASDAQ:JBLU) has been assigned a consensus rating of “Hold” from the sixteen analysts that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, four have given a buy rating and two have issued a strong buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $24.02.
JBLU has been the subject of several research analyst reports. JPMorgan Chase & Co. downgraded JetBlue Airways from an “overweight” rating to a “neutral” rating and set a $22.00 target price for the company. in a research report on Wednesday, November 1st. Zacks Investment Research upgraded JetBlue Airways from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 15th. Stephens initiated coverage on JetBlue Airways in a research report on Wednesday, November 29th. They set an “equal weight” rating and a $22.00 target price for the company. ValuEngine upgraded JetBlue Airways from a “buy” rating to a “strong-buy” rating in a research report on Monday, December 11th. Finally, Cowen reiterated a “market perform” rating and set a $24.00 target price (up from $22.00) on shares of JetBlue Airways in a research report on Tuesday, December 12th.
In related news, EVP James G. Hnat sold 5,000 shares of JetBlue Airways stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $20.84, for a total value of $104,200.00. Following the completion of the sale, the executive vice president now directly owns 9,555 shares in the company, valued at $199,126.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Robin Hayes sold 2,000 shares of JetBlue Airways stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $21.38, for a total value of $42,760.00. Following the completion of the sale, the chief executive officer now owns 398,535 shares of the company’s stock, valued at $8,520,678.30. The disclosure for this sale can be found here. Insiders sold 20,545 shares of company stock valued at $442,303 over the last 90 days. 0.60% of the stock is currently owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Legal & General Group Plc grew its stake in JetBlue Airways by 8.8% in the third quarter. Legal & General Group Plc now owns 260,874 shares of the transportation company’s stock valued at $4,834,000 after purchasing an additional 21,209 shares during the last quarter. Mitsubishi UFJ Asset Management UK Ltd. grew its stake in JetBlue Airways by 50.9% in the fourth quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 68,200 shares of the transportation company’s stock valued at $1,523,000 after purchasing an additional 23,000 shares during the last quarter. Palisade Capital Management LLC NJ grew its stake in JetBlue Airways by 34.4% in the third quarter. Palisade Capital Management LLC NJ now owns 21,500 shares of the transportation company’s stock valued at $398,000 after purchasing an additional 5,500 shares during the last quarter. Frontier Capital Management Co. LLC grew its stake in JetBlue Airways by 47.0% in the fourth quarter. Frontier Capital Management Co. LLC now owns 5,293,229 shares of the transportation company’s stock valued at $118,251,000 after purchasing an additional 1,692,657 shares during the last quarter. Finally, Keybank National Association OH grew its stake in JetBlue Airways by 87.0% in the third quarter. Keybank National Association OH now owns 17,200 shares of the transportation company’s stock valued at $319,000 after purchasing an additional 8,000 shares during the last quarter. Hedge funds and other institutional investors own 93.01% of the company’s stock.
JetBlue Airways (NASDAQ:JBLU) traded up $0.41 during trading hours on Tuesday, hitting $21.73. The stock had a trading volume of 5,643,000 shares, compared to its average volume of 4,959,000. JetBlue Airways has a fifty-two week low of $18.05 and a fifty-two week high of $24.13. The company has a market capitalization of $6,862.04, a P/E ratio of 6.17 and a beta of 0.59. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.48 and a current ratio of 0.50.
JetBlue Airways (NASDAQ:JBLU) last released its earnings results on Thursday, January 25th. The transportation company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.02). JetBlue Airways had a return on equity of 13.57% and a net margin of 16.35%. The business had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.75 billion. During the same quarter last year, the business posted $0.50 earnings per share. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. analysts forecast that JetBlue Airways will post 1.91 EPS for the current fiscal year.
JetBlue Airways announced that its board has authorized a stock repurchase plan on Wednesday, December 13th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the transportation company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.
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About JetBlue Airways
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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