JetBlue Airways Corporation (JBLU) Given Consensus Recommendation of “Hold” by Brokerages
JetBlue Airways Corporation (NASDAQ:JBLU) has been given a consensus rating of “Hold” by the sixteen research firms that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $25.47.
JBLU has been the subject of a number of recent research reports. Morgan Stanley increased their price objective on JetBlue Airways Corporation from $23.00 to $24.00 and gave the company an “equal weight” rating in a research report on Monday, July 17th. Bank of America Corporation increased their price objective on JetBlue Airways Corporation from $27.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, June 30th. BidaskClub downgraded JetBlue Airways Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th. Vetr upgraded JetBlue Airways Corporation from a “buy” rating to a “strong-buy” rating and set a $25.22 price objective for the company in a research report on Wednesday, April 26th. Finally, Zacks Investment Research upgraded JetBlue Airways Corporation from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Wednesday, July 12th.
JetBlue Airways Corporation (JBLU) traded down 0.05% during trading on Friday, hitting $21.81. The stock had a trading volume of 3,375,565 shares. The firm’s 50-day moving average price is $22.60 and its 200-day moving average price is $21.44. JetBlue Airways Corporation has a 1-year low of $15.70 and a 1-year high of $24.13. The stock has a market cap of $7.17 billion, a PE ratio of 11.07 and a beta of 0.53.
JetBlue Airways Corporation (NASDAQ:JBLU) last announced its quarterly earnings data on Tuesday, July 25th. The transportation company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.08. JetBlue Airways Corporation had a return on equity of 16.75% and a net margin of 9.78%. The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the prior year, the firm earned $0.53 EPS. The company’s quarterly revenue was up 12.1% compared to the same quarter last year. On average, equities research analysts predict that JetBlue Airways Corporation will post $2.03 earnings per share for the current fiscal year.
In other news, CEO Robin Hayes sold 2,000 shares of the company’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $22.87, for a total value of $45,740.00. Following the transaction, the chief executive officer now directly owns 408,362 shares of the company’s stock, valued at $9,339,238.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP James G. Hnat sold 6,000 shares of the company’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $21.98, for a total transaction of $131,880.00. Following the completion of the transaction, the executive vice president now directly owns 25,992 shares in the company, valued at $571,304.16. The disclosure for this sale can be found here. Insiders sold 28,740 shares of company stock valued at $646,976 in the last 90 days. Corporate insiders own 0.60% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Quantbot Technologies LP bought a new position in JetBlue Airways Corporation during the first quarter worth $138,000. Americafirst Capital Management LLC bought a new position in JetBlue Airways Corporation during the first quarter worth $141,000. James Investment Research Inc. bought a new position in JetBlue Airways Corporation during the first quarter worth $150,000. Kistler Tiffany Companies LLC bought a new position in JetBlue Airways Corporation during the first quarter worth $155,000. Finally, CENTRAL TRUST Co bought a new position in JetBlue Airways Corporation during the second quarter worth $162,000. 85.81% of the stock is currently owned by institutional investors and hedge funds.
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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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