ValuEngine upgraded shares of JetBlue Airways (NASDAQ:JBLU) from a buy rating to a strong-buy rating in a report published on Sunday.
A number of other research analysts have also recently commented on the company. BidaskClub upgraded JetBlue Airways from a sell rating to a hold rating in a research note on Friday, December 22nd. Cowen reiterated a market perform rating and issued a $24.00 price target (up from $22.00) on shares of JetBlue Airways in a research note on Tuesday, December 12th. Stephens started coverage on JetBlue Airways in a research note on Wednesday, November 29th. They issued an equal weight rating and a $22.00 price target for the company. Zacks Investment Research upgraded JetBlue Airways from a strong sell rating to a hold rating in a report on Wednesday, November 15th. Finally, JPMorgan Chase & Co. downgraded 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. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. JetBlue Airways presently has a consensus rating of Hold and a consensus target price of $24.56.
Shares of JetBlue Airways (JBLU) traded down $0.79 on Friday, hitting $21.59. The stock had a trading volume of 5,207,500 shares, compared to its average volume of 4,310,950. JetBlue Airways has a one year low of $18.05 and a one year high of $24.13. The company has a market cap of $6,990.00, a PE ratio of 11.02 and a beta of 0.68. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.25.
JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings results on Tuesday, October 24th. The transportation company reported $0.55 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.03. JetBlue Airways had a return on equity of 15.95% and a net margin of 9.38%. The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same period in the prior year, the company earned $0.58 EPS. JetBlue Airways’s revenue was up 4.7% compared to the same quarter last year. research analysts anticipate that JetBlue Airways will post 1.76 earnings per share for the current fiscal year.
JetBlue Airways announced that its Board of Directors has authorized a share buyback program on Wednesday, December 13th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the transportation company to purchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its stock is undervalued.
In other JetBlue Airways news, EVP George Martin J. St sold 2,500 shares of the stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $21.59, for a total transaction of $53,975.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP James G. Hnat sold 2,000 shares of the stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $21.05, for a total value of $42,100.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,665 shares of company stock valued at $343,388. Company insiders own 0.60% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Investment Centers of America Inc. bought a new position in shares of JetBlue Airways during the 2nd quarter worth about $205,000. Keybank National Association OH bought a new position in shares of JetBlue Airways during the 2nd quarter worth about $210,000. Capstone Investment Advisors Netherlands B.V. bought a new position in shares of JetBlue Airways during the 2nd quarter worth about $237,000. Cetera Advisors LLC bought a new position in shares of JetBlue Airways during the 3rd quarter worth about $199,000. Finally, DekaBank Deutsche Girozentrale boosted its position in shares of JetBlue Airways by 82.0% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 10,653 shares of the transportation company’s stock worth $232,000 after purchasing an additional 4,801 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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