JetBlue Airways (NASDAQ:JBLU) was upgraded by ValuEngine from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Sunday.
JBLU has been the topic of a number of other reports. BidaskClub raised shares of JetBlue Airways from a “sell” rating to a “hold” rating in a research report on Friday, December 22nd. Cowen reaffirmed a “market perform” rating and issued a $24.00 target price (up from $22.00) on shares of JetBlue Airways in a research report on Tuesday, December 12th. Stephens started coverage on shares of JetBlue Airways in a research report on Wednesday, November 29th. They issued an “equal weight” rating and a $22.00 target price on the stock. Deutsche Bank increased their target price on shares of JetBlue Airways from $26.00 to $27.00 and gave the company a “buy” rating in a research report on Wednesday, October 25th. Finally, Imperial Capital reaffirmed a “buy” rating and issued a $31.00 target price on shares of JetBlue Airways in a research report on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $24.56.
Shares of JetBlue Airways (NASDAQ JBLU) traded down $0.20 during trading hours on Friday, hitting $22.34. 3,115,738 shares of the company’s stock were exchanged, compared to its average volume of 4,430,000. JetBlue Airways has a 52 week low of $18.05 and a 52 week high of $24.13. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.56 and a current ratio of 0.56. The stock has a market cap of $7,230.00, a P/E ratio of 11.40 and a beta of 0.68.
JetBlue Airways declared that its Board of Directors has initiated a stock buyback program on Wednesday, December 13th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the transportation company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.
In other JetBlue Airways news, CEO Robin Hayes sold 2,000 shares of the firm’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $21.38, for a total transaction of $42,760.00. Following the transaction, the chief executive officer now directly owns 398,535 shares of the company’s stock, valued at approximately $8,520,678.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joel Clinton Peterson sold 5,120 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $18.96, for a total transaction of $97,075.20. Following the transaction, the director now directly owns 539,702 shares in the company, valued at $10,232,749.92. The disclosure for this sale can be found here. Insiders have sold a total of 14,665 shares of company stock worth $298,448 over the last three months. 0.60% of the stock is currently owned by insiders.
A number of institutional investors have recently modified their holdings of JBLU. Cetera Advisors LLC purchased a new position in JetBlue Airways during the 3rd quarter worth $199,000. Investment Centers of America Inc. purchased a new position in JetBlue Airways during the 2nd quarter worth $205,000. Keybank National Association OH purchased a new position in JetBlue Airways during the 2nd quarter worth $210,000. Rational Advisors LLC purchased a new position in JetBlue Airways during the 3rd quarter worth $217,000. Finally, DekaBank Deutsche Girozentrale grew its position in 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 during 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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