JetBlue Airways (NASDAQ:JBLU) Upgraded to Sell by BidaskClub

JetBlue Airways (NASDAQ:JBLU) was upgraded by stock analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a report issued on Friday, BidAskClub reports.

Several other research firms also recently weighed in on JBLU. Vertical Research raised JetBlue Airways from a “hold” rating to a “buy” rating and set a $17.98 price objective for the company in a research note on Friday, June 7th. Citigroup upgraded JetBlue Airways from a “neutral” rating to a “buy” rating and increased their target price for the company from $19.50 to $26.00 in a report on Tuesday. Barclays cut JetBlue Airways from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $27.00 to $20.00 in a report on Monday, March 11th. Zacks Investment Research cut JetBlue Airways from a “buy” rating to a “hold” rating in a report on Wednesday, March 13th. Finally, ValuEngine upgraded JetBlue Airways from a “sell” rating to a “hold” rating in a report on Friday, April 26th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $19.88.

NASDAQ:JBLU opened at $19.44 on Friday. The stock has a market cap of $5.79 billion, a PE ratio of 12.54 and a beta of 0.91. JetBlue Airways has a 1 year low of $15.19 and a 1 year high of $20.14. The company has a quick ratio of 0.50, a current ratio of 0.53 and a debt-to-equity ratio of 0.44.

JetBlue Airways (NASDAQ:JBLU) last announced its earnings results on Tuesday, April 23rd. The transportation company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. JetBlue Airways had a return on equity of 10.16% and a net margin of 1.81%. The firm had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same period in the prior year, the firm earned $0.27 EPS. The business’s revenue was up 6.7% on a year-over-year basis. As a group, research analysts forecast that JetBlue Airways will post 1.84 earnings per share for the current year.

In other news, EVP George Martin J. St sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $17.63, for a total value of $26,445.00. Following the completion of the transaction, the executive vice president now directly owns 45,227 shares in the company, valued at approximately $797,352.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Robin Hayes sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $18.27, for a total transaction of $45,675.00. Following the completion of the transaction, the chief executive officer now owns 480,666 shares of the company’s stock, valued at $8,781,767.82. The disclosure for this sale can be found here. Insiders sold a total of 9,000 shares of company stock valued at $160,220 in the last quarter. Corporate insiders own 0.79% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of JBLU. JPMorgan Chase & Co. increased its stake in shares of JetBlue Airways by 30.6% during the third quarter. JPMorgan Chase & Co. now owns 639,349 shares of the transportation company’s stock valued at $12,377,000 after buying an additional 149,968 shares during the period. Vanguard Group Inc boosted its position in JetBlue Airways by 0.3% during the third quarter. Vanguard Group Inc now owns 27,243,830 shares of the transportation company’s stock valued at $527,441,000 after purchasing an additional 77,999 shares in the last quarter. KBC Group NV boosted its holdings in JetBlue Airways by 88.2% in the fourth quarter. KBC Group NV now owns 2,213 shares of the transportation company’s stock worth $36,000 after acquiring an additional 1,037 shares in the last quarter. Rhumbline Advisers boosted its holdings in JetBlue Airways by 44.9% in the fourth quarter. Rhumbline Advisers now owns 769,292 shares of the transportation company’s stock worth $12,355,000 after acquiring an additional 238,263 shares in the last quarter. Finally, Dupont Capital Management Corp acquired a new stake in JetBlue Airways in the fourth quarter worth about $423,000. 91.56% of the stock is currently owned by hedge funds and other 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.

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Analyst Recommendations for JetBlue Airways (NASDAQ:JBLU)

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