A number of other research analysts have also issued reports on the stock. Buckingham Research set a $81.00 target price on shares of MSC Industrial Direct and gave the stock a hold rating in a research report on Thursday, April 11th. Zacks Investment Research lowered shares of German American Bancorp. from a buy rating to a hold rating in a research report on Tuesday, April 30th. Cowen restated an outperform rating and set a $1,420.00 target price (up previously from $1,390.00) on shares of Alphabet in a research report on Thursday, April 11th. Vertical Research upgraded shares of JetBlue Airways from a hold rating to a buy rating and set a $17.98 target price on the stock in a research report on Friday, June 7th. Finally, Bank of America set a $152.00 target price on shares of Caterpillar and gave the stock a buy rating in a research report on Thursday, April 4th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $20.15.
Shares of NASDAQ:JBLU opened at $18.87 on Tuesday. The stock’s 50 day simple moving average is $18.47. JetBlue Airways has a 12-month low of $15.19 and a 12-month high of $20.14. The firm has a market cap of $5.62 billion, a price-to-earnings ratio of 12.71, a PEG ratio of 0.42 and a beta of 0.90. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.50 and a current ratio of 0.53.
JetBlue Airways (NASDAQ:JBLU) last announced its earnings results on Tuesday, April 23rd. The transportation company reported $0.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.04. JetBlue Airways had a net margin of 1.81% and a return on equity of 10.16%. The firm had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the prior year, the business posted $0.27 EPS. The business’s revenue was up 6.7% compared to the same quarter last year. Analysts forecast that JetBlue Airways will post 1.96 earnings per share for the current fiscal year.
In related news, CEO Robin Hayes sold 2,500 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $18.27, for a total value of $45,675.00. Following the completion of the transaction, the chief executive officer now owns 480,666 shares of the company’s stock, valued at approximately $8,781,767.82. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP George Martin J. St sold 1,500 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $17.63, for a total transaction of $26,445.00. Following the completion of the transaction, the executive vice president now directly owns 45,227 shares of the company’s stock, valued at approximately $797,352.01. The disclosure for this sale can be found here. Insiders have sold a total of 9,000 shares of company stock worth $166,045 in the last quarter. 0.79% of the stock is currently owned by company insiders.
Large investors have recently modified their holdings of the stock. Bronfman E.L. Rothschild L.P. lifted its stake in JetBlue Airways by 819.4% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 1,563 shares of the transportation company’s stock valued at $25,000 after purchasing an additional 1,393 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in JetBlue Airways in the 1st quarter valued at approximately $25,000. Investors Research Corp bought a new position in JetBlue Airways in the 1st quarter valued at approximately $25,000. First Command Bank bought a new position in JetBlue Airways in the 1st quarter valued at approximately $35,000. Finally, Quantamental Technologies LLC bought a new position in JetBlue Airways in the 1st quarter valued at approximately $57,000. 91.54% 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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