JetBlue Airways Corporation (NASDAQ:JBLU) EVP James G. Hnat sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $18.95, for a total value of $18,950.00. Following the transaction, the executive vice president now directly owns 17,992 shares in the company, valued at approximately $340,948.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of JetBlue Airways Corporation (JBLU) traded up $0.27 during trading hours on Friday, reaching $19.19. 2,868,355 shares of the company were exchanged, compared to its average volume of 6,862,785. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.58 and a current ratio of 0.56. The firm has a market capitalization of $6,153.22, a P/E ratio of 9.89 and a beta of 0.65. JetBlue Airways Corporation has a 1 year low of $16.85 and a 1 year high of $24.13.
JetBlue Airways Corporation (NASDAQ:JBLU) last announced its quarterly earnings data on Tuesday, October 24th. The transportation company reported $0.55 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.03. The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.81 billion. JetBlue Airways Corporation had a net margin of 9.38% and a return on equity of 15.95%. The firm’s revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.58 earnings per share. analysts predict that JetBlue Airways Corporation will post 1.73 earnings per share for the current fiscal year.
Large investors have recently made changes to their positions in the stock. CENTRAL TRUST Co acquired a new stake in JetBlue Airways Corporation in the second quarter valued at about $162,000. IFP Advisors Inc lifted its position in JetBlue Airways Corporation by 38.1% in the second quarter. IFP Advisors Inc now owns 7,672 shares of the transportation company’s stock valued at $175,000 after purchasing an additional 2,117 shares during the period. Capital Management Associates NY acquired a new stake in JetBlue Airways Corporation in the second quarter valued at about $203,000. Investment Centers of America Inc. acquired a new stake in JetBlue Airways Corporation in the second quarter valued at about $205,000. Finally, Lincoln National Corp acquired a new stake in shares of JetBlue Airways Corporation during the 2nd quarter valued at approximately $210,000. Hedge funds and other institutional investors own 83.86% of the company’s stock.
Several equities analysts have issued reports on the company. J P Morgan Chase & Co lowered JetBlue Airways Corporation from an “overweight” rating to a “neutral” rating and set a $22.00 price objective on the stock. in a report on Wednesday. Deutsche Bank AG raised their price objective on JetBlue Airways Corporation from $26.00 to $27.00 and gave the stock a “buy” rating in a report on Wednesday, October 25th. Imperial Capital reaffirmed a “buy” rating and set a $31.00 price objective on shares of JetBlue Airways Corporation in a report on Tuesday, October 17th. Cowen and Company increased their target price on shares of JetBlue Airways Corporation from $21.00 to $22.00 and gave the stock a “market perform” rating in a research note on Thursday, October 12th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $20.00 target price (down previously from $21.00) on shares of JetBlue Airways Corporation in a research note on Wednesday, October 4th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $25.02.
About JetBlue Airways Corporation
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.
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