JetBlue Airways (JBLU) Upgraded at BidaskClub

JetBlue Airways (NASDAQ:JBLU) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Other equities research analysts also recently issued reports about the company. Bank of America downgraded JetBlue Airways from a “buy” rating to an “underperform” rating and set a $22.00 price target for the company. in a research note on Tuesday. Stifel Nicolaus reaffirmed a “hold” rating and set a $23.00 price target (up from $20.00) on shares of JetBlue Airways in a research note on Wednesday. Stephens began coverage on JetBlue Airways in a research note on Wednesday, November 29th. They set an “equal weight” rating and a $22.00 price target for the company. JPMorgan Chase & Co. downgraded JetBlue Airways from an “overweight” rating to a “neutral” rating and set a $22.00 price target for the company. in a research note on Wednesday, November 1st. Finally, Cowen reaffirmed a “market perform” rating and set a $24.00 price target (up from $22.00) on shares of JetBlue Airways in a research note on Tuesday, December 12th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. JetBlue Airways presently has an average rating of “Hold” and an average target price of $24.09.

Shares of JetBlue Airways (NASDAQ:JBLU) opened at $22.93 on Friday. JetBlue Airways has a one year low of $18.05 and a one year 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 firm has a market capitalization of $7,350.00, a PE ratio of 11.70 and a beta of 0.68.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings results on Tuesday, October 24th. The transportation company reported $0.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.03. JetBlue Airways had a return on equity of 15.95% and a net margin of 9.38%. The company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same period last year, the business earned $0.58 EPS. The business’s quarterly revenue was up 4.7% on a year-over-year basis. equities research analysts anticipate that JetBlue Airways will post 1.76 earnings per share for the current fiscal year.

JetBlue Airways announced that its board has initiated a share buyback plan on Wednesday, December 13th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the transportation company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

In other JetBlue Airways news, EVP George Martin J. St sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $21.59, for a total value of $53,975.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Robin Hayes sold 2,000 shares of JetBlue Airways stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $22.47, for a total value of $44,940.00. Following the sale, the chief executive officer now directly owns 396,535 shares in the company, valued at approximately $8,910,141.45. The disclosure for this sale can be found here. Insiders sold a total of 16,665 shares of company stock worth $343,388 in the last ninety days. Insiders own 0.60% of the company’s stock.

Several large investors have recently made changes to their positions in JBLU. Schwab Charles Investment Management Inc. grew its holdings in shares of JetBlue Airways by 3.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,082,817 shares of the transportation company’s stock worth $24,721,000 after purchasing an additional 39,251 shares in the last quarter. Keybank National Association OH acquired a new stake in shares of JetBlue Airways during the 2nd quarter worth approximately $210,000. Franklin Resources Inc. grew its holdings in shares of JetBlue Airways by 6.9% during the 2nd quarter. Franklin Resources Inc. now owns 91,649 shares of the transportation company’s stock worth $2,093,000 after purchasing an additional 5,912 shares in the last quarter. Seven Eight Capital LP grew its holdings in shares of JetBlue Airways by 876.7% during the 2nd quarter. Seven Eight Capital LP now owns 20,276 shares of the transportation company’s stock worth $463,000 after purchasing an additional 18,200 shares in the last quarter. Finally, Teachers Advisors LLC grew its holdings in shares of JetBlue Airways by 8.8% during the 2nd quarter. Teachers Advisors LLC now owns 741,463 shares of the transportation company’s stock worth $16,928,000 after purchasing an additional 60,121 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors.

WARNING: This article was originally posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this article on another publication, it was copied illegally and reposted in violation of US and international copyright & trademark laws. The correct version of this article can be viewed at https://sportsperspectives.com/2018/01/13/jetblue-airways-jblu-upgraded-at-bidaskclub.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.

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.

Latest News

Leave a Reply