JetBlue Airways Corporation (JBLU) Receiving Somewhat Positive Press Coverage, Accern Reports
Media coverage about JetBlue Airways Corporation (NASDAQ:JBLU) has trended somewhat positive recently, according to Accern. Accern identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. JetBlue Airways Corporation earned a news impact score of 0.14 on Accern’s scale. Accern also gave media headlines about the transportation company an impact score of 46.5733350106744 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:
- JetBlue Is Reducing Leverage: What It Means for Investors (finance.yahoo.com)
- Why Analysts Expect JetBlue Airways’ Profits to Dwindle (finance.yahoo.com)
- United (UAL) Shares Plummet, Airline Stocks Follow (finance.yahoo.com)
- JetBlue stops selling tickets on a dozen travel websites (finance.yahoo.com)
- JetBlue to stop selling tickets on a dozen travel websites (marketbeat.com)
JetBlue Airways Corporation (NASDAQ JBLU) opened at 20.34 on Friday. The company has a market capitalization of $6.69 billion, a P/E ratio of 10.32 and a beta of 0.59. The stock’s 50 day moving average price is $19.38 and its 200 day moving average price is $21.31. JetBlue Airways Corporation has a one year low of $16.85 and a one year high of $24.13.
JetBlue Airways Corporation (NASDAQ:JBLU) last released its quarterly earnings results on Tuesday, July 25th. The transportation company reported $0.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.08. The firm had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.82 billion. JetBlue Airways Corporation had a return on equity of 16.75% and a net margin of 9.78%. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.53 EPS. Equities analysts anticipate that JetBlue Airways Corporation will post $1.78 EPS for the current fiscal year.
JBLU has been the subject of a number of research reports. Bank of America Corporation increased their price objective on JetBlue Airways Corporation from $27.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, June 30th. BidaskClub upgraded JetBlue Airways Corporation from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. 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 report on Wednesday, July 12th. Morgan Stanley reiterated an “equal weight” rating on shares of JetBlue Airways Corporation in a report on Friday, July 14th. Finally, Cowen and Company increased their price objective on JetBlue Airways Corporation from $24.00 to $25.00 and gave the stock a “market perform” rating in a report on Tuesday, July 25th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $25.25.
In other news, Director Joel Clinton Peterson sold 5,120 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $22.00, for a total value of $112,640.00. Following the completion of the transaction, the director now directly owns 555,062 shares of the company’s stock, valued at approximately $12,211,364. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Robin Hayes sold 2,000 shares of the business’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $18.56, for a total value of $37,120.00. Following the completion of the transaction, the chief executive officer now directly owns 402,362 shares of the company’s stock, valued at $7,467,838.72. The disclosure for this sale can be found here. Over the last three months, insiders sold 31,860 shares of company stock valued at $646,973. Corporate insiders own 0.60% of the company’s stock.
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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