JetBlue Airways Corp. Stock Rating Upgraded by Wolfe Research (JBLU)
JetBlue Airways Corp. (NASDAQ:JBLU) was upgraded by equities research analysts at Wolfe Research from an “underperform” rating to an “outperform” rating in a research note issued to investors on Friday, TheFlyOnTheWall.com reports.
A number of other analysts have also recently weighed in on JBLU. Analysts at Zacks downgraded shares of JetBlue Airways Corp. from an “outperform” rating to a “neutral” rating in a research note on Friday, May 30th. They now have a $10.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. upgraded shares of JetBlue Airways Corp. from a “neutral” rating to an “overweight” rating in a research note on Thursday, May 1st. They now have a $10.00 price target on the stock, up previously from $9.50. They noted that the move was a valuation call. Finally, analysts at Argus upgraded shares of JetBlue Airways Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, April 16th. They now have a $10.00 price target on the stock, up previously from $8.80. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $9.94.
In other JetBlue Airways Corp. news, COO Robert Alan Maruster sold 82,824 shares of the stock on the open market in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $10.05, for a total transaction of $832,381.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of JetBlue Airways Corp. (NASDAQ:JBLU) traded up 2.92% on Friday, hitting $10.23. 9,123,616 shares of the company’s stock traded hands. JetBlue Airways Corp. has a 52-week low of $5.95 and a 52-week high of $10.63. The stock has a 50-day moving average of $9.03 and a 200-day moving average of $8.79. The company has a market cap of $3.036 billion and a P/E ratio of 20.54. JetBlue Airways Corp. also was the target of a large growth in short interest during the month of May. As of May 30th, there was short interest totalling 49,881,038 shares, a growth of 13.2% from the May 15th total of 44,070,749 shares. Approximately 20.2% of the shares of the company are short sold. Based on an average daily volume of 6,249,823 shares, the short-interest ratio is presently 8.0 days.
JetBlue Airways Corp. (NASDAQ:JBLU) last announced its earnings results on Thursday, April 24th. The company reported $0.01 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.09 by $0.08. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter last year, the company posted $0.05 earnings per share. JetBlue Airways Corp.’s revenue was up 3.8% compared to the same quarter last year. On average, analysts predict that JetBlue Airways Corp. will post $0.68 earnings per share 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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