BidaskClub upgraded shares of JetBlue Airways (NASDAQ:JBLU) from a strong sell rating to a sell rating in a research note issued to investors on Saturday, BidAskClub reports.

JBLU has been the topic of several other reports. UBS Group assumed coverage on JetBlue Airways in a report on Tuesday, November 12th. They issued a buy rating and a $25.00 target price on the stock. Evercore ISI reiterated a buy rating and issued a $24.00 target price on shares of JetBlue Airways in a report on Monday, December 16th. Morgan Stanley reduced their target price on JetBlue Airways from $20.00 to $19.00 and set an equal weight rating on the stock in a report on Thursday, October 10th. Stifel Nicolaus upgraded JetBlue Airways from a hold rating to a buy rating and upped their target price for the company from $22.00 to $24.00 in a report on Monday, October 21st. Finally, TheStreet upgraded JetBlue Airways from a c+ rating to a b- rating in a report on Monday, November 11th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company. JetBlue Airways currently has an average rating of Hold and an average price target of $21.67.

Shares of JBLU stock opened at $19.05 on Friday. The business’s 50 day simple moving average is $18.87 and its 200 day simple moving average is $18.41. JetBlue Airways has a one year low of $15.60 and a one year high of $19.93. The stock has a market capitalization of $5.55 billion, a PE ratio of 9.97, a PEG ratio of 0.38 and a beta of 0.78. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.53 and a quick ratio of 0.50.

JetBlue Airways (NASDAQ:JBLU) last announced its earnings results on Tuesday, October 22nd. The transportation company reported $0.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.08. JetBlue Airways had a return on equity of 12.03% and a net margin of 7.19%. The business had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.09 billion. During the same period in the prior year, the business posted $0.43 earnings per share. The firm’s revenue was up 3.9% on a year-over-year basis. As a group, research analysts expect that JetBlue Airways will post 1.91 earnings per share for the current year.

In other JetBlue Airways news, CEO Robin Hayes sold 2,500 shares of the stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $18.79, for a total transaction of $46,975.00. Following the transaction, the chief executive officer now directly owns 460,725 shares in the company, valued at approximately $8,657,022.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Stephen J. Priest sold 1,810 shares of the stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $19.28, for a total value of $34,896.80. Following the transaction, the chief financial officer now owns 21,850 shares in the company, valued at $421,268. The disclosure for this sale can be found here. Insiders have sold a total of 13,310 shares of company stock worth $255,257 over the last 90 days. Company insiders own 0.79% of the company’s stock.

Several institutional investors have recently bought and sold shares of the business. Private Capital Group LLC raised its position in shares of JetBlue Airways by 130.2% during the second quarter. Private Capital Group LLC now owns 2,044 shares of the transportation company’s stock worth $39,000 after purchasing an additional 1,156 shares during the period. FNY Investment Advisers LLC acquired a new position in shares of JetBlue Airways during the fourth quarter worth approximately $69,000. Steward Partners Investment Advisory LLC raised its position in shares of JetBlue Airways by 56.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,142 shares of the transportation company’s stock worth $77,000 after purchasing an additional 1,500 shares during the period. Usca Ria LLC acquired a new position in shares of JetBlue Airways during the third quarter worth approximately $82,000. Finally, Tower Research Capital LLC TRC raised its position in shares of JetBlue Airways by 124.7% during the third quarter. Tower Research Capital LLC TRC now owns 9,752 shares of the transportation company’s stock worth $163,000 after purchasing an additional 5,412 shares during the period. Hedge funds and other institutional investors own 96.06% 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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