JetBlue Airways Co. (NASDAQ:JBLU) has been given a consensus recommendation of “Hold” by the sixteen research firms that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, eight have given a hold recommendation, four have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $24.02.
Several equities research analysts recently issued reports on the stock. Wolfe Research raised shares of JetBlue Airways from an “underperform” rating to a “market perform” rating in a report on Monday, February 12th. JPMorgan Chase & Co. raised shares of JetBlue Airways from a “neutral” rating to an “overweight” rating and set a $26.00 target price for the company in a report on Tuesday, January 30th. Buckingham Research reissued a “neutral” rating on shares of JetBlue Airways in a report on Friday, January 26th. Imperial Capital reissued an “outperform” rating and issued a $31.00 target price on shares of JetBlue Airways in a report on Friday, January 26th. Finally, Cowen reissued a “market perform” rating and issued a $23.00 target price (down from $24.00) on shares of JetBlue Airways in a report on Friday, January 26th.
In other JetBlue Airways news, EVP James G. Hnat sold 5,000 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $20.84, for a total transaction of $104,200.00. Following the completion of the sale, the executive vice president now directly owns 9,555 shares of the company’s stock, valued at approximately $199,126.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 completion of the transaction, the chief executive officer now directly owns 398,535 shares of the company’s stock, valued at $8,520,678.30. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 20,545 shares of company stock valued at $442,303. Insiders own 0.60% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. Focused Wealth Management Inc purchased a new position in shares of JetBlue Airways in the fourth quarter valued at $189,000. Cetera Advisors LLC purchased a new position in shares of JetBlue Airways in the third quarter valued at $199,000. First Dallas Securities Inc. purchased a new position in shares of JetBlue Airways in the fourth quarter valued at $201,000. Rational Advisors LLC purchased a new position in shares of JetBlue Airways in the third quarter valued at $217,000. Finally, DekaBank Deutsche Girozentrale grew its holdings in shares of JetBlue Airways by 82.0% in the third quarter. DekaBank Deutsche Girozentrale now owns 10,653 shares of the transportation company’s stock valued at $232,000 after purchasing an additional 4,801 shares in the last quarter. 93.01% of the stock is owned by hedge funds and other institutional investors.
JetBlue Airways (NASDAQ JBLU) traded up $0.41 during trading on Tuesday, reaching $21.73. 5,643,000 shares of the company traded hands, compared to its average volume of 4,959,000. The stock has a market cap of $6,862.04, a price-to-earnings ratio of 6.17 and a beta of 0.59. JetBlue Airways has a one year low of $18.05 and a one year high of $24.13. The company has a quick ratio of 0.48, a current ratio of 0.50 and a debt-to-equity ratio of 0.21.
JetBlue Airways (NASDAQ:JBLU) last released its earnings results on Thursday, January 25th. The transportation company reported $0.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.02). The firm had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.75 billion. JetBlue Airways had a return on equity of 13.57% and a net margin of 16.35%. The company’s revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.50 earnings per share. analysts predict that JetBlue Airways will post 1.91 EPS for the current fiscal year.
JetBlue Airways announced that its Board of Directors has initiated a share repurchase plan on Wednesday, December 13th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the transportation company to repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.
ILLEGAL ACTIVITY NOTICE: This piece was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece on another publication, it was stolen and reposted in violation of U.S. and international copyright legislation. The correct version of this piece can be viewed at https://ledgergazette.com/2018/03/14/jetblue-airways-co-jblu-receives-consensus-rating-of-hold-from-brokerages.html.
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.
Receive News & Ratings for JetBlue Airways Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JetBlue Airways and related companies with MarketBeat.com's FREE daily email newsletter.