JetBlue Airways (JBLU) Upgraded by ValuEngine to Strong-Buy
ValuEngine upgraded shares of JetBlue Airways (NASDAQ:JBLU) from a buy rating to a strong-buy rating in a report released on Monday morning.
Several other analysts have also recently commented on JBLU. Cowen reissued a hold rating on shares of JetBlue Airways in a research note on Friday, September 1st. Macquarie began coverage on shares of JetBlue Airways in a research note on Monday, September 25th. They set a neutral rating and a $21.00 price target on the stock. Morgan Stanley reduced their price objective on shares of JetBlue Airways from $24.00 to $23.00 and set an equal weight rating on the stock in a research note on Thursday, August 17th. Imperial Capital reaffirmed a buy rating and issued a $31.00 price objective on shares of JetBlue Airways in a research note on Tuesday, October 17th. Finally, Stephens began coverage on shares of JetBlue Airways in a research note on Wednesday, November 29th. They issued an equal weight rating and a $22.00 price objective on the stock. Two analysts have rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $25.02.
Shares of JetBlue Airways (JBLU) opened at $22.19 on Monday. JetBlue Airways has a 52 week low of $18.05 and a 52 week high of $24.13. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.56 and a current ratio of 0.56. The company has a market cap of $7,079.88, a P/E ratio of 11.38 and a beta of 0.68.
JetBlue Airways (NASDAQ:JBLU) last released its quarterly earnings results on Tuesday, October 24th. The transportation company reported $0.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.03. JetBlue Airways had a net margin of 9.38% and a return on equity of 15.95%. The business had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same period in the prior year, the firm earned $0.58 earnings per share. JetBlue Airways’s revenue was up 4.7% compared to the same quarter last year. analysts anticipate that JetBlue Airways will post 1.74 EPS for the current fiscal year.
In other news, EVP George Martin J. St sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $21.59, for a total value of $53,975.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Joel Clinton Peterson sold 5,120 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $18.45, for a total transaction of $94,464.00. The disclosure for this sale can be found here. Insiders sold a total of 22,785 shares of company stock valued at $448,492 in the last three months. Insiders own 0.60% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Alliancebernstein L.P. increased its position in JetBlue Airways by 1,135.5% in the 2nd quarter. Alliancebernstein L.P. now owns 2,927,591 shares of the transportation company’s stock valued at $66,837,000 after acquiring an additional 2,690,638 shares during the period. Frontier Capital Management Co. LLC lifted its stake in shares of JetBlue Airways by 68.9% in the third quarter. Frontier Capital Management Co. LLC now owns 3,600,572 shares of the transportation company’s stock valued at $66,719,000 after buying an additional 1,468,416 shares in the last quarter. Prudential Financial Inc. lifted its stake in shares of JetBlue Airways by 135.1% in the second quarter. Prudential Financial Inc. now owns 2,454,990 shares of the transportation company’s stock valued at $56,048,000 after buying an additional 1,410,594 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of JetBlue Airways by 35.0% in the second quarter. Victory Capital Management Inc. now owns 3,707,811 shares of the transportation company’s stock valued at $84,649,000 after buying an additional 961,535 shares in the last quarter. Finally, Bank of Nova Scotia purchased a new stake in shares of JetBlue Airways in the second quarter valued at about $21,689,000. Institutional investors and hedge funds own 89.86% of the company’s stock.
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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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