JetBlue Airways Corporation (NASDAQ:JBLU) Earning Very Positive News Coverage, Analysis Finds
News coverage about JetBlue Airways Corporation (NASDAQ:JBLU) has trended very positive on Thursday, Accern reports. The research firm rates the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. JetBlue Airways Corporation earned a coverage optimism score of 0.69 on Accern’s scale. Accern also gave news headlines about the transportation company an impact score of 77 out of 100, indicating that recent news coverage is likely to have an impact on the stock’s share price in the next several days.
Here are some of the news headlines that may have impacted Accern’s analysis:
- Eqis Capital Management Inc. Raises Stake in JetBlue Airways Corporation (JBLU) (expressnewsline.com)
- What’s Propelling Jetblue Airways Corporation (NASDAQ:JBLU) After Lower Shorts Reported? (overnewsmagazine.com)
- The JetBlue Airways Corporation (JBLU) Price Target Raised to $28.00 (campdesrecrues.com)
- JetBlue Airways Corporation (NASDAQ:JBLU) Director Sells $112,640.00 in Stock (americanbankingnews.com)
- JetBlue Airways Corporation (JBLU) CEO Sells $44,060.00 in Stock (americanbankingnews.com)
A number of research firms have recently issued reports on JBLU. Morgan Stanley restated an “equal weight” rating on shares of JetBlue Airways Corporation in a report on Friday, July 14th. Stifel Nicolaus reissued a “hold” rating and issued a $23.00 target price on shares of JetBlue Airways Corporation in a research report on Friday, May 26th. Zacks Investment Research raised shares of JetBlue Airways Corporation from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research report on Wednesday, July 12th. BidaskClub downgraded shares of JetBlue Airways Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, June 20th. Finally, Bank of America Corporation upped their price objective on shares of JetBlue Airways Corporation from $27.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, June 30th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $25.69.
Shares of JetBlue Airways Corporation (NASDAQ JBLU) remained flat at $22.13 during mid-day trading on Thursday. 4,625,525 shares of the company’s stock were exchanged. The company has a market capitalization of $7.28 billion, a PE ratio of 11.29 and a beta of 0.53. JetBlue Airways Corporation has a 52 week low of $15.70 and a 52 week high of $24.13. The company’s 50-day moving average price is $22.85 and its 200-day moving average price is $21.39.
JetBlue Airways Corporation (NASDAQ:JBLU) last announced its earnings results on Tuesday, July 25th. The transportation company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.08. JetBlue Airways Corporation had a return on equity of 16.89% and a net margin of 9.78%. The firm had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same period last year, the firm posted $0.53 EPS. The business’s revenue was up 12.1% compared to the same quarter last year. Equities research analysts expect that JetBlue Airways Corporation will post $2.01 earnings per share for the current fiscal year.
In other news, EVP George Martin J. St sold 2,500 shares of the firm’s stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $23.00, for a total transaction of $57,500.00. Following the completion of the sale, the executive vice president now directly owns 28,457 shares of the company’s stock, valued at approximately $654,511. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Joel Clinton Peterson sold 7,000 shares of JetBlue Airways Corporation stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $21.37, for a total value of $149,590.00. Following the completion of the sale, the director now directly owns 577,422 shares of the company’s stock, valued at approximately $12,339,508.14. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 44,740 shares of company stock valued at $989,736. Insiders own 0.60% of the company’s stock.
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JetBlue Airways Corporation 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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