JetBlue Airways Corporation (NASDAQ:JBLU) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Friday, July 28th.
Several other equities analysts have also recently issued reports on the company. Bank of America Corporation upped 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. Morgan Stanley increased their price target on JetBlue Airways Corporation from $23.00 to $24.00 and gave the company an “equal weight” rating in a report on Monday, July 17th. Vetr raised JetBlue Airways Corporation from a “buy” rating to a “strong-buy” rating and set a $25.22 target price on the stock in a report on Wednesday, April 26th. Imperial Capital reaffirmed an “outperform” rating on shares of JetBlue Airways Corporation in a report on Friday, May 19th. Finally, Zacks Investment Research upgraded JetBlue Airways Corporation from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research note on Wednesday, July 12th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. JetBlue Airways Corporation currently has a consensus rating of “Hold” and an average target price of $25.69.
Shares of JetBlue Airways Corporation (JBLU) traded down 1.29% on Friday, reaching $22.14. The company had a trading volume of 4,717,903 shares. 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. The firm has a market capitalization of $7.28 billion, a price-to-earnings ratio of 11.24 and a beta of 0.53.
JetBlue Airways Corporation (NASDAQ:JBLU) last posted its quarterly earnings results on Tuesday, July 25th. The transportation company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.08. The company had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.82 billion. JetBlue Airways Corporation had a return on equity of 16.75% and a net margin of 9.78%. The firm’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.53 EPS. On average, analysts predict that JetBlue Airways Corporation will post $2.03 earnings per share for the current year.
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In other JetBlue Airways Corporation news, Director Joel Clinton Peterson sold 5,120 shares of the company’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $23.13, for a total value of $118,425.60. Following the completion of the transaction, the director now owns 560,182 shares in the company, valued at $12,957,009.66. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP James G. Hnat sold 6,000 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $21.98, for a total transaction of $131,880.00. Following the transaction, the executive vice president now owns 25,992 shares of the company’s stock, valued at approximately $571,304.16. The disclosure for this sale can be found here. Insiders have sold 43,740 shares of company stock valued at $972,026 over the last 90 days. 0.60% of the stock is currently owned by insiders.
Institutional investors have recently modified their holdings of the company. World Asset Management Inc raised its position in shares of JetBlue Airways Corporation by 0.7% in the second quarter. World Asset Management Inc now owns 22,526 shares of the transportation company’s stock valued at $514,000 after buying an additional 155 shares in the last quarter. Arcus Capital Partners LLC raised its position in shares of JetBlue Airways Corporation by 1.5% in the first quarter. Arcus Capital Partners LLC now owns 11,665 shares of the transportation company’s stock valued at $240,000 after buying an additional 175 shares in the last quarter. Curbstone Financial Management Corp raised its position in shares of JetBlue Airways Corporation by 1.0% in the first quarter. Curbstone Financial Management Corp now owns 22,775 shares of the transportation company’s stock valued at $469,000 after buying an additional 225 shares in the last quarter. Public Employees Retirement Association of Colorado raised its position in shares of JetBlue Airways Corporation by 2.8% in the second quarter. Public Employees Retirement Association of Colorado now owns 10,497 shares of the transportation company’s stock valued at $240,000 after buying an additional 283 shares in the last quarter. Finally, Capstone Asset Management Co. raised its position in shares of JetBlue Airways Corporation by 1.1% in the second quarter. Capstone Asset Management Co. now owns 33,135 shares of the transportation company’s stock valued at $756,000 after buying an additional 360 shares in the last quarter. Hedge funds and other institutional investors own 84.76% 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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