JetBlue Airways (NASDAQ:JBLU) was upgraded by stock analysts at Wolfe Research from an “underperform” rating to a “market perform” rating in a research note issued to investors on Monday.
Other equities research analysts also recently issued research reports about the company. Deutsche Bank increased their price target on JetBlue Airways from $26.00 to $27.00 and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Imperial Capital reissued a “buy” rating and set a $31.00 price target on shares of JetBlue Airways in a research report on Tuesday, October 17th. Stephens started coverage on JetBlue Airways in a research report on Wednesday, November 29th. They set an “equal weight” rating and a $22.00 price target on the stock. BidaskClub raised JetBlue Airways from a “sell” rating to a “hold” rating in a research report on Saturday, January 13th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $23.00 price target (up previously from $20.00) on shares of JetBlue Airways in a research report on Wednesday, January 10th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $24.32.
JetBlue Airways (NASDAQ JBLU) opened at $19.96 on Monday. JetBlue Airways has a 12-month low of $18.05 and a 12-month high of $24.13. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.56 and a quick ratio of 0.56. The company has a market capitalization of $6,400.00, a P/E ratio of 5.69 and a beta of 0.59.
JetBlue Airways (NASDAQ:JBLU) last posted its earnings results on Thursday, January 25th. The transportation company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.02). JetBlue Airways had a net margin of 16.35% and a return on equity of 14.20%. The firm had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.75 billion. During the same period in the previous year, the company posted $0.50 EPS. JetBlue Airways’s revenue for the quarter was up 7.0% compared to the same quarter last year. sell-side analysts expect that JetBlue Airways will post 1.91 EPS for the current fiscal year.
JetBlue Airways announced that its board has authorized a stock repurchase program on Wednesday, December 13th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the transportation company to repurchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its shares are undervalued.
In other JetBlue Airways news, CEO Robin Hayes sold 2,000 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $21.38, for a total transaction of $42,760.00. Following the completion of the sale, the chief executive officer now directly owns 398,535 shares in the company, valued at $8,520,678.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP James G. Hnat sold 5,000 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $20.84, for a total value of $104,200.00. Following the sale, the executive vice president now owns 9,555 shares of the company’s stock, valued at $199,126.20. The disclosure for this sale can be found here. Insiders have sold 20,545 shares of company stock valued at $442,303 over the last 90 days. Corporate insiders own 0.60% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Legal & General Group Plc lifted its stake in JetBlue Airways by 8.8% during the third quarter. Legal & General Group Plc now owns 260,874 shares of the transportation company’s stock worth $4,834,000 after purchasing an additional 21,209 shares during the last quarter. Mitsubishi UFJ Asset Management UK Ltd. lifted its stake in JetBlue Airways by 50.9% during the fourth quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 68,200 shares of the transportation company’s stock worth $1,523,000 after purchasing an additional 23,000 shares during the last quarter. Palisade Capital Management LLC NJ lifted its stake in JetBlue Airways by 34.4% during the third quarter. Palisade Capital Management LLC NJ now owns 21,500 shares of the transportation company’s stock worth $398,000 after purchasing an additional 5,500 shares during the last quarter. Frontier Capital Management Co. LLC lifted its stake in JetBlue Airways by 47.0% during the fourth quarter. Frontier Capital Management Co. LLC now owns 5,293,229 shares of the transportation company’s stock worth $118,251,000 after purchasing an additional 1,692,657 shares during the last quarter. Finally, TIAA FSB lifted its stake in JetBlue Airways by 26.1% during the third quarter. TIAA FSB now owns 237,428 shares of the transportation company’s stock worth $4,400,000 after purchasing an additional 49,142 shares during the last quarter. Hedge funds and other institutional investors own 89.76% of the company’s stock.
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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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