JetBlue Airways Corp. (JBLU) Receives New Coverage from Analysts at Citigroup Inc.
Citigroup Inc. initiated coverage on shares of JetBlue Airways Corp. (NASDAQ:JBLU) in a research note published on Friday morning. The firm issued a neutral rating and a $22.00 price target on the stock.
Other equities research analysts also recently issued research reports about the stock. Vetr downgraded shares of JetBlue Airways Corp. from a strong-buy rating to a buy rating and set a $19.14 price objective for the company. in a research report on Tuesday, September 13th. Morgan Stanley reaffirmed a hold rating and issued a $18.00 target price on shares of JetBlue Airways Corp. in a research report on Thursday, July 28th. JPMorgan Chase & Co. decreased their target price on shares of JetBlue Airways Corp. from $24.50 to $21.00 and set a neutral rating for the company in a research report on Wednesday, July 27th. Credit Suisse Group AG set a $20.00 target price on shares of JetBlue Airways Corp. and gave the company a hold rating in a research report on Monday, September 12th. Finally, Imperial Capital started coverage on shares of JetBlue Airways Corp. in a research report on Friday, September 16th. They issued an outperform rating and a $21.00 target price for the company. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company presently has an average rating of Buy and an average price target of $23.69.
JetBlue Airways Corp. (NASDAQ:JBLU) traded down 0.05% on Friday, hitting $20.72. 1,877,808 shares of the stock traded hands. The stock has a market cap of $6.71 billion, a price-to-earnings ratio of 9.20 and a beta of 0.30. The firm’s 50 day moving average is $18.14 and its 200 day moving average is $17.54. JetBlue Airways Corp. has a 52 week low of $14.76 and a 52 week high of $27.00.
JetBlue Airways Corp. (NASDAQ:JBLU) last issued its quarterly earnings data on Tuesday, October 25th. The company reported $0.58 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by $0.02. JetBlue Airways Corp. had a return on equity of 21.13% and a net margin of 11.66%. The company had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same period in the prior year, the company earned $0.58 EPS. The firm’s revenue was up 2.7% on a year-over-year basis. Equities analysts anticipate that JetBlue Airways Corp. will post $2.14 earnings per share for the current year.
In other JetBlue Airways Corp. news, Director Joel Clinton Peterson sold 5,120 shares of the business’s stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $17.35, for a total transaction of $88,832.00. Following the sale, the director now directly owns 594,653 shares of the company’s stock, valued at approximately $10,317,229.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP James G. Hnat sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $20.23, for a total transaction of $121,380.00. Following the sale, the executive vice president now directly owns 26,564 shares in the company, valued at $537,389.72. The disclosure for this sale can be found here. Company insiders own 0.70% of the company’s stock.
Large investors have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its stake in JetBlue Airways Corp. by 0.3% in the third quarter. Price T Rowe Associates Inc. MD now owns 95,163 shares of the company’s stock worth $1,641,000 after buying an additional 256 shares during the last quarter. LPL Financial LLC acquired a new stake in JetBlue Airways Corp. during the third quarter worth $310,000. Schafer Cullen Capital Management Inc. acquired a new stake in JetBlue Airways Corp. during the third quarter worth $216,000. Credit Suisse AG raised its stake in JetBlue Airways Corp. by 139.6% in the third quarter. Credit Suisse AG now owns 1,046,604 shares of the company’s stock worth $18,044,000 after buying an additional 609,743 shares during the last quarter. Finally, Ameritas Investment Partners Inc. raised its stake in JetBlue Airways Corp. by 93.0% in the third quarter. Ameritas Investment Partners Inc. now owns 98,294 shares of the company’s stock worth $1,695,000 after buying an additional 47,356 shares during the last quarter. 80.01% of the stock is currently owned by hedge funds and other institutional investors.
JetBlue Airways Corp. 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. It operates various types of aircrafts, including Airbus A321, Airbus A320 and Embraer E190. It also provides premium transcontinental product called Mint.
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