JetBlue Airways Co. (JBLU) Given Consensus Recommendation of “Hold” by Brokerages
Shares of JetBlue Airways Co. (NASDAQ:JBLU) have received a consensus rating of “Hold” from the twelve ratings firms that are currently covering the firm. One research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $24.70.
JBLU has been the subject of several research analyst reports. Argus downgraded shares of JetBlue Airways from a “buy” rating to a “hold” rating in a research report on Friday, January 27th. They noted that the move was a valuation call. Imperial Capital lowered their price objective on shares of JetBlue Airways from $31.00 to $29.00 and set an “outperform” rating for the company in a research report on Friday, January 27th. Zacks Investment Research downgraded shares of JetBlue Airways from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 14th. Cowen and Company boosted their price objective on shares of JetBlue Airways from $23.00 to $24.00 and gave the company a “market perform” rating in a research report on Wednesday, April 26th. Finally, Wolfe Research downgraded shares of JetBlue Airways from a “market perform” rating to an “underperform” rating in a research report on Friday, January 27th.
JetBlue Airways (NASDAQ:JBLU) traded up 0.83% during trading on Friday, reaching $23.00. The company’s stock had a trading volume of 3,146,157 shares. The stock has a market cap of $7.67 billion, a P/E ratio of 12.31 and a beta of 0.26. The firm’s 50-day moving average is $21.55 and its 200-day moving average is $20.88. JetBlue Airways has a 52-week low of $14.76 and a 52-week high of $23.15.
JetBlue Airways (NASDAQ:JBLU) last released its quarterly earnings results on Tuesday, April 25th. The transportation company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. JetBlue Airways had a net margin of 11.31% and a return on equity of 20.64%. The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.62 billion. During the same period in the previous year, the business earned $0.61 earnings per share. The firm’s quarterly revenue was down .7% on a year-over-year basis. Equities research analysts forecast that JetBlue Airways will post $1.87 EPS for the current year.
In other JetBlue Airways news, EVP James G. Hnat sold 9,127 shares of the firm’s stock in a transaction that occurred on Monday, March 13th. The shares were sold at an average price of $20.41, for a total transaction of $186,282.07. Following the completion of the transaction, the executive vice president now directly owns 26,932 shares of the company’s stock, valued at approximately $549,682.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robin Hayes sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $20.18, for a total transaction of $40,360.00. Following the transaction, the chief executive officer now directly owns 386,118 shares of the company’s stock, valued at $7,791,861.24. The disclosure for this sale can be found here. Insiders sold a total of 48,367 shares of company stock valued at $1,023,906 over the last ninety days. 0.70% of the stock is currently owned by insiders.
A number of institutional investors have recently bought and sold shares of JBLU. Menora Mivtachim Holdings LTD. acquired a new position in JetBlue Airways during the fourth quarter worth about $117,000. Quantbot Technologies LP acquired a new position in JetBlue Airways during the first quarter worth about $138,000. Americafirst Capital Management LLC acquired a new position in JetBlue Airways during the first quarter worth about $141,000. James Investment Research Inc. acquired a new position in JetBlue Airways during the first quarter worth about $150,000. Finally, Kistler Tiffany Companies LLC acquired a new position in JetBlue Airways during the first quarter worth about $155,000. 80.57% of the stock is owned by institutional investors.
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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