JetBlue Airways (NASDAQ:JBLU) had its price target hoisted by research analysts at Buckingham Research from $22.00 to $24.00 in a research note issued on Tuesday, BenzingaRatingsTable reports. The brokerage presently has a “buy” rating on the transportation company’s stock. Buckingham Research’s price target suggests a potential upside of 24.93% from the company’s current price.
A number of other research firms have also recently weighed in on JBLU. ValuEngine upgraded shares of JetBlue Airways from a “strong sell” rating to a “sell” rating in a research report on Thursday, October 31st. Morgan Stanley dropped their price objective on shares of JetBlue Airways from $20.00 to $19.00 and set an “equal weight” rating for the company in a report on Thursday, October 10th. UBS Group began coverage on shares of JetBlue Airways in a report on Tuesday, November 12th. They issued a “buy” rating and a $25.00 price objective for the company. BidaskClub raised shares of JetBlue Airways from a “strong sell” rating to a “sell” rating in a report on Saturday. Finally, Stifel Nicolaus raised shares of JetBlue Airways from a “hold” rating to a “buy” rating and upped their price objective for the company from $22.00 to $24.00 in a report on Monday, October 21st. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $21.67.
NASDAQ:JBLU opened at $19.21 on Tuesday. The firm has a 50-day simple moving average of $18.87 and a 200-day simple moving average of $18.41. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.50 and a current ratio of 0.53. JetBlue Airways has a one year low of $15.60 and a one year high of $19.93. The firm has a market cap of $5.55 billion, a P/E ratio of 10.06, a P/E/G ratio of 0.38 and a beta of 0.78.
JetBlue Airways (NASDAQ:JBLU) last released its earnings results on Tuesday, October 22nd. The transportation company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.08. The company had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.09 billion. JetBlue Airways had a net margin of 7.19% and a return on equity of 12.03%. JetBlue Airways’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.43 EPS. On average, research analysts predict that JetBlue Airways will post 1.91 EPS for the current fiscal year.
In related news, CEO Robin Hayes sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $19.62, for a total value of $49,050.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, General Counsel Brandon Nelson sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $19.47, for a total transaction of $38,940.00. Following the completion of the sale, the general counsel now directly owns 229 shares in the company, valued at approximately $4,458.63. The disclosure for this sale can be found here. Insiders have sold 13,310 shares of company stock worth $255,257 in the last three months. Corporate insiders own 0.79% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in JBLU. Private Capital Group LLC grew its position in shares of JetBlue Airways by 130.2% during the second quarter. Private Capital Group LLC now owns 2,044 shares of the transportation company’s stock worth $39,000 after acquiring an additional 1,156 shares during the last quarter. FNY Investment Advisers LLC purchased a new position in shares of JetBlue Airways during the fourth quarter worth approximately $69,000. Steward Partners Investment Advisory LLC grew its position in shares of JetBlue Airways by 56.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,142 shares of the transportation company’s stock worth $77,000 after acquiring an additional 1,500 shares during the last quarter. Usca Ria LLC purchased a new position in shares of JetBlue Airways during the third quarter worth approximately $82,000. Finally, Tower Research Capital LLC TRC grew its position in shares of JetBlue Airways by 124.7% during the third quarter. Tower Research Capital LLC TRC now owns 9,752 shares of the transportation company’s stock worth $163,000 after acquiring an additional 5,412 shares during the last quarter. 96.06% of the stock is currently owned by institutional investors.
JetBlue Airways Company Profile
JetBlue Airways Corporation, a passenger carrier company, provides air transportation services. As of December 31, 2018, the company operated a fleet of 63 Airbus A321 aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 105 destinations in the 31 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S.
Further Reading: Asset Allocation, Balancing Your Investments
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