Shares of JetBlue Airways Co. (NASDAQ:JBLU) have earned an average recommendation of “Hold” from the sixteen analysts that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $21.67.
Several research analysts have weighed in on JBLU shares. Wolfe Research reaffirmed an “underperform” rating on shares of JetBlue Airways in a research report on Friday, August 24th. BidaskClub raised JetBlue Airways from a “hold” rating to a “buy” rating in a report on Wednesday, August 22nd. Cowen lowered their price objective on JetBlue Airways from $22.00 to $20.00 and set a “market perform” rating on the stock in a report on Wednesday, July 25th. Imperial Capital increased their price objective on JetBlue Airways from $24.00 to $26.00 and gave the company an “outperform” rating in a report on Thursday, September 27th. Finally, Bank of America set a $16.00 price objective on JetBlue Airways and gave the company a “sell” rating in a report on Wednesday, October 3rd.
In related news, EVP James G. Hnat sold 6,000 shares of the stock in a transaction that occurred on Thursday, September 13th. The stock was sold at an average price of $19.30, for a total transaction of $115,800.00. Following the completion of the sale, the executive vice president now owns 3,437 shares in the company, valued at approximately $66,334.10. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Robin Hayes sold 2,000 shares of the stock in a transaction that occurred on Wednesday, August 1st. The shares were sold at an average price of $17.97, for a total value of $35,940.00. Following the sale, the chief executive officer now owns 438,803 shares of the company’s stock, valued at approximately $7,885,289.91. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,000 shares of company stock worth $248,150. 0.63% of the stock is currently owned by insiders.
A number of large investors have recently made changes to their positions in the stock. Curbstone Financial Management Corp boosted its stake in JetBlue Airways by 15.4% during the 3rd quarter. Curbstone Financial Management Corp now owns 54,250 shares of the transportation company’s stock valued at $1,050,000 after purchasing an additional 7,250 shares during the period. Wilsey Asset Management Inc. boosted its stake in JetBlue Airways by 3.9% during the 3rd quarter. Wilsey Asset Management Inc. now owns 416,451 shares of the transportation company’s stock valued at $8,055,000 after purchasing an additional 15,703 shares during the period. California Public Employees Retirement System boosted its stake in JetBlue Airways by 8.2% during the 2nd quarter. California Public Employees Retirement System now owns 996,276 shares of the transportation company’s stock valued at $18,909,000 after purchasing an additional 75,651 shares during the period. Sentinel Trust Co. LBA boosted its stake in JetBlue Airways by 25.7% during the 2nd quarter. Sentinel Trust Co. LBA now owns 205,595 shares of the transportation company’s stock valued at $3,902,000 after purchasing an additional 41,980 shares during the period. Finally, HPM Partners LLC boosted its stake in JetBlue Airways by 13.5% during the 2nd quarter. HPM Partners LLC now owns 23,573 shares of the transportation company’s stock valued at $447,000 after purchasing an additional 2,796 shares during the period. Hedge funds and other institutional investors own 87.24% of the company’s stock.
Shares of JBLU stock opened at $16.36 on Wednesday. The company has a current ratio of 0.59, a quick ratio of 0.56 and a debt-to-equity ratio of 0.25. JetBlue Airways has a fifty-two week low of $16.03 and a fifty-two week high of $23.08. The stock has a market capitalization of $6.06 billion, a price-to-earnings ratio of 9.57, a PEG ratio of 1.28 and a beta of 0.49.
JetBlue Airways (NASDAQ:JBLU) last issued its earnings results on Tuesday, July 24th. The transportation company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.02. JetBlue Airways had a return on equity of 10.80% and a net margin of 11.30%. The company had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.93 billion. During the same period in the prior year, the firm posted $0.64 EPS. The business’s revenue was up 5.0% compared to the same quarter last year. Equities research analysts expect that JetBlue Airways will post 1.48 earnings per share for the current fiscal year.
JetBlue Airways Company Profile
JetBlue Airways Corporation, a passenger carrier company, provides air transportation services. As of December 31, 2017, the company operated a fleet of 53 Airbus A321 aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 101 destinations in 30 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S.
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