Investors Purchase High Volume of Call Options on JetBlue Airways Corp. (JBLU)
Shares of JetBlue Airways Corp. (NASDAQ:JBLU) was the recipient of some unusual options trading activity on Tuesday. Investors bought 8,821 call options on the company, Analyst Ratings Network.com reports. This represents an increase of approximately 1,193% compared to the average daily volume of 682 call options.
JBLU has been the subject of a number of recent research reports. Analysts at Barclays Capital cut their price target on shares of JetBlue Airways Corp. (NASDAQ:JBLU) from $7.50 to $7.00 in a research note to investors on Tuesday, September 10th. They now have an “equal weight” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of JetBlue Airways Corp. (NASDAQ:JBLU) in a research note to investors on Friday, August 23rd. They now have a $6.75 price target on the stock. Finally, analysts at Raymond James upgraded shares of JetBlue Airways Corp. (NASDAQ:JBLU) from an “underperform” rating to a “market perform” rating in a research note to investors on Friday, August 16th.
Three research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $6.75.
JetBlue Airways Corp. (NASDAQ:JBLU) opened at 6.765 on Wednesday. JetBlue Airways Corp. has a 1-year low of $4.76 and a 1-year high of $7.28. The stock has a 50-day moving average of $6.37 and a 200-day moving average of $6.52. The company has a market cap of $1.910 billion and a price-to-earnings ratio of 22.18.
JetBlue Airways Corp. (NASDAQ:JBLU) last announced its earnings results on Tuesday, July 30th. The company reported $0.11 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.15 by $0.04. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter in the prior year, the company posted $0.16 earnings per share. The company’s quarterly revenue was up 4.5% on a year-over-year basis. Analysts expect that JetBlue Airways Corp. will post $0.46 EPS for the current fiscal year.
JetBlue Airways Corporation (NASDAQ:JBLU) is a passenger airline that operates primarily on point-to-point routes with its fleet of 120 Airbus A320 aircraft and 49 EMBRAER 190 aircraft.
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