BidaskClub Upgrades JetBlue Airways (NASDAQ:JBLU) to “Sell”

JetBlue Airways (NASDAQ:JBLU) was upgraded by investment analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued on Tuesday, October 30th.

A number of other analysts have also commented on JBLU. ValuEngine lowered JetBlue Airways from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 10th. Zacks Investment Research upgraded JetBlue Airways from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 11th. Imperial Capital restated an “outperform” rating and set a $26.00 target price on shares of JetBlue Airways in a research report on Monday, July 16th. They noted that the move was a valuation call. Morgan Stanley decreased their target price on JetBlue Airways from $22.00 to $21.00 and set an “equal weight” rating for the company in a research report on Thursday, July 12th. Finally, Barclays decreased their target price on JetBlue Airways from $29.00 to $27.00 and set an “overweight” rating for the company in a research report on Monday, July 16th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $20.56.

JBLU stock traded up $0.45 during midday trading on Tuesday, reaching $18.05. The stock had a trading volume of 2,212,832 shares, compared to its average volume of 4,670,640. The company has a quick ratio of 0.57, a current ratio of 0.60 and a debt-to-equity ratio of 0.29. The firm has a market cap of $5.36 billion, a price-to-earnings ratio of 10.56, a PEG ratio of 1.59 and a beta of 0.65. JetBlue Airways has a twelve month low of $15.76 and a twelve month high of $23.08.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings data on Tuesday, October 23rd. The transportation company reported $0.43 EPS for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.01. The firm had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.01 billion. JetBlue Airways had a return on equity of 9.66% and a net margin of 9.27%. The company’s revenue was up 10.5% on a year-over-year basis. During the same period last year, the company earned $0.55 earnings per share. Sell-side analysts predict that JetBlue Airways will post 1.44 earnings per share for the current fiscal year.

In other news, EVP James G. Hnat sold 6,000 shares of JetBlue Airways stock in a transaction dated Thursday, September 13th. The stock was sold at an average price of $19.30, for a total transaction of $115,800.00. Following the transaction, the executive vice president now owns 3,437 shares in the company, valued at approximately $66,334.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robin Hayes sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $19.12, for a total value of $38,240.00. Following the completion of the sale, the chief executive officer now owns 436,803 shares in the company, valued at approximately $8,351,673.36. The disclosure for this sale can be found here. Insiders own 0.63% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Flagship Harbor Advisors LLC bought a new stake in JetBlue Airways in the 2nd quarter valued at approximately $147,000. Cerebellum GP LLC lifted its stake in JetBlue Airways by 75.3% in the 2nd quarter. Cerebellum GP LLC now owns 9,501 shares of the transportation company’s stock valued at $180,000 after acquiring an additional 4,081 shares in the last quarter. Lincoln National Corp bought a new stake in JetBlue Airways in the 2nd quarter valued at approximately $190,000. Private Advisor Group LLC bought a new stake in JetBlue Airways in the 3rd quarter valued at approximately $255,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in JetBlue Airways in the 3rd quarter valued at approximately $272,000. Hedge funds and other institutional investors own 86.87% of the company’s stock.

JetBlue Airways Company Profile

JetBlue Airways Corporation, a passenger carrier company, provides air transportation services. As of December 31, 2017, the company operated a fleet of 53 Airbus A321 aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 101 destinations in 30 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S.

Further Reading: The risks of owning bonds

Analyst Recommendations for JetBlue Airways (NASDAQ:JBLU)

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.

Leave a Reply