JetBlue Airways Co. (JBLU) Earns “Outperform” Rating from Imperial Capital
JetBlue Airways Co. (NASDAQ:JBLU)‘s stock had its “outperform” rating reiterated by research analysts at Imperial Capital in a report issued on Friday.
A number of other brokerages have also recently issued reports on JBLU. Cowen and Company upped their price target on shares of JetBlue Airways from $23.00 to $24.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 26th. Vetr cut shares of JetBlue Airways from a “strong-buy” rating to a “buy” rating and set a $24.64 price target on the stock. in a research note on Tuesday, April 25th. JPMorgan Chase & Co. upgraded shares of JetBlue Airways from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $21.42 to $27.00 in a research note on Wednesday, January 25th. They noted that the move was a valuation call. Wolfe Research cut shares of JetBlue Airways from a “market perform” rating to an “underperform” rating in a research note on Friday, January 27th. Finally, Argus cut shares of JetBlue Airways from a “buy” rating to a “hold” rating in a research note on Friday, January 27th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. JetBlue Airways currently has an average rating of “Hold” and a consensus price target of $24.58.
JetBlue Airways (NASDAQ:JBLU) opened at 21.28 on Friday. JetBlue Airways has a 52-week low of $14.76 and a 52-week high of $23.15. The company has a market capitalization of $7.10 billion, a price-to-earnings ratio of 11.39 and a beta of 0.26. The company’s 50 day moving average is $21.36 and its 200-day moving average is $20.73.
JetBlue Airways (NASDAQ:JBLU) last released its earnings results on Tuesday, April 25th. The transportation company reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.01. The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.62 billion. JetBlue Airways had a net margin of 11.31% and a return on equity of 20.64%. The company’s revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.61 EPS. Equities analysts anticipate that JetBlue Airways will post $1.87 EPS for the current fiscal year.
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In other JetBlue Airways news, EVP James G. Hnat sold 9,127 shares of the company’s stock in a transaction dated Monday, March 13th. The shares were sold at an average price of $20.41, for a total transaction of $186,282.07. Following the transaction, the executive vice president now owns 26,932 shares in the company, valued at approximately $549,682.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robin Hayes sold 2,000 shares of the stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $21.76, for a total transaction of $43,520.00. The disclosure for this sale can be found here. Insiders have sold a total of 48,367 shares of company stock worth $1,023,906 in the last 90 days. Company insiders own 0.70% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. Menora Mivtachim Holdings LTD. acquired a new position in shares of JetBlue Airways during the fourth quarter valued at $117,000. Quantbot Technologies LP acquired a new position in shares of JetBlue Airways during the first quarter valued at $138,000. Americafirst Capital Management LLC acquired a new position in shares of JetBlue Airways during the first quarter valued at $141,000. James Investment Research Inc. acquired a new position in shares of JetBlue Airways during the first quarter valued at $150,000. Finally, Kistler Tiffany Companies LLC acquired a new position in shares of JetBlue Airways during the first quarter valued at $155,000. Hedge funds and other institutional investors own 80.57% of the company’s stock.
JetBlue Airways 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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