JetBlue Airways (JBLU) Getting Somewhat Positive Press Coverage, Study Shows
Media stories about JetBlue Airways (NASDAQ:JBLU) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by monitoring 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 earned a coverage optimism score of 0.06 on Accern’s scale. Accern also gave press coverage about the transportation company an impact score of 46.0470795495687 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news stories that may have impacted Accern Sentiment’s scoring:
- JetBlue Airways Co. (JBLU) CEO Sells $41,740.00 in Stock (americanbankingnews.com)
- Insider Selling: JetBlue Airways Co. (JBLU) EVP Sells 5,000 Shares of Stock (americanbankingnews.com)
- Airlines’ Malaise Could Produce Winners: JPMorgan (finance.yahoo.com)
- JetBlue, United and Delta Face Union Pressure as Airlines Remain A Labor Stronghold (finance.yahoo.com)
- Joby Aviation Secures $100M in Series B Funding to Make Electric Vertical Take-off and Landing Transportation a Reality (finance.yahoo.com)
Shares of JetBlue Airways (NASDAQ JBLU) traded down $0.61 during midday trading on Friday, reaching $20.33. 4,040,000 shares of the company’s stock were exchanged, compared to its average volume of 4,890,000. JetBlue Airways has a 52 week low of $18.05 and a 52 week high of $24.13. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.25. The firm has a market cap of $6,520.00, a P/E ratio of 5.79 and a beta of 0.59.
JetBlue Airways announced that its Board of Directors has authorized a share buyback plan on Wednesday, December 13th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the transportation company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its shares are undervalued.
Several equities analysts have recently issued reports on the stock. Cowen reissued a “market perform” rating and set a $24.00 price target (up previously from $22.00) on shares of JetBlue Airways in a report on Tuesday, December 12th. ValuEngine raised shares of JetBlue Airways from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Imperial Capital reissued a “buy” rating and set a $31.00 price target on shares of JetBlue Airways in a report on Tuesday, October 17th. Buckingham Research reissued a “neutral” rating on shares of JetBlue Airways in a report on Friday, January 26th. Finally, JPMorgan Chase & Co. downgraded shares of JetBlue Airways from an “overweight” rating to a “neutral” rating and set a $22.00 price objective for the company. in a report on Wednesday, November 1st. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company’s stock. JetBlue Airways has a consensus rating of “Hold” and an average target price of $24.32.
In other JetBlue Airways news, EVP George Martin J. St sold 3,000 shares of the company’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $23.00, for a total value of $69,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP James G. Hnat sold 2,000 shares of the company’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $21.05, for a total transaction of $42,100.00. The disclosure for this sale can be found here. Insiders sold a total of 20,545 shares of company stock valued at $442,303 over the last three months. 0.60% of the stock is owned by corporate insiders.
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About JetBlue Airways
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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