A number of other equities research analysts also recently commented on JBLU. Cowen reiterated an “outperform” rating and issued a $1,420.00 target price (up from $1,390.00) on shares of Alphabet in a research report on Thursday, April 11th. Imperial Capital reiterated an “outperform” rating and issued a $26.00 target price (up from $24.00) on shares of JetBlue Airways in a research report on Thursday, June 20th. ValuEngine downgraded W&T Offshore from a “hold” rating to a “sell” rating in a research report on Friday, April 26th. Credit Suisse Group reiterated a “hold” rating on shares of FactSet Research Systems in a research report on Monday, July 8th. Finally, Bank of America set a $152.00 target price on 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 company has a consensus rating of “Hold” and an average target price of $20.28.
NASDAQ:JBLU opened at $19.08 on Tuesday. The company has a quick ratio of 0.50, a current ratio of 0.53 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $5.87 billion, a P/E ratio of 13.27, a P/E/G ratio of 0.45 and a beta of 0.90. JetBlue Airways has a 12 month low of $15.19 and a 12 month high of $20.14. The stock has a 50-day moving average price of $18.63.
JetBlue Airways (NASDAQ:JBLU) last posted its earnings results on Tuesday, April 23rd. The transportation company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.87 billion. JetBlue Airways had a return on equity of 10.16% and a net margin of 1.81%. The firm’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.27 earnings per share. Equities research analysts predict that JetBlue Airways will post 1.94 earnings per share for the current year.
In other news, EVP George Martin J. St sold 1,500 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $17.63, for a total value of $26,445.00. Following the sale, the executive vice president now directly owns 45,227 shares in the company, valued at $797,352.01. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Robin Hayes sold 2,500 shares of the stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $19.14, for a total value of $47,850.00. Following the completion of the sale, the chief executive officer now owns 478,393 shares in the company, valued at $9,156,442.02. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,000 shares of company stock worth $166,045. Company insiders own 0.79% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of JBLU. Bronfman E.L. Rothschild L.P. raised its holdings in shares of JetBlue Airways by 819.4% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 1,563 shares of the transportation company’s stock worth $25,000 after buying an additional 1,393 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in shares of JetBlue Airways in the first quarter worth approximately $25,000. Investors Research Corp purchased a new stake in shares of JetBlue Airways in the first quarter worth approximately $25,000. First Command Bank purchased a new stake in shares of JetBlue Airways in the first quarter worth approximately $35,000. Finally, Quantamental Technologies LLC purchased a new stake in shares of JetBlue Airways in the first quarter worth approximately $57,000. Hedge funds and other institutional investors own 91.48% of the company’s stock.
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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