JetBlue Airways (JBLU) Stock Rating Upgraded by BidaskClub

JetBlue Airways (NASDAQ:JBLU) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a report released on Friday.

Several other equities research analysts have also commented on JBLU. Cowen reiterated a “hold” rating on shares of JetBlue Airways in a research note on Friday, September 1st. Standpoint Research initiated coverage on shares of JetBlue Airways in a research note on Friday, September 1st. They issued an “accumulate” rating and a $26.00 price objective for the company. ValuEngine lowered shares of JetBlue Airways from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. Macquarie initiated coverage on shares of JetBlue Airways in a research note on Monday, September 25th. They issued a “neutral” rating and a $21.00 price objective for the company. Finally, Zacks Investment Research lowered shares of JetBlue Airways from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $24.56.

JetBlue Airways (NASDAQ JBLU) opened at $22.44 on Friday. JetBlue Airways has a 1 year low of $18.05 and a 1 year high of $24.13. The firm has a market cap of $7,200.00, a PE ratio of 11.45 and a beta of 0.68. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.56 and a quick ratio of 0.56.

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

JetBlue Airways announced that its Board of Directors has initiated a stock buyback program on Wednesday, December 13th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the transportation company to buy shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

In other 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 shares were sold at an average price of $21.59, for a total transaction of $53,975.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP James G. Hnat sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $21.05, for a total transaction of $42,100.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,785 shares of company stock valued at $448,492. 0.60% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of JBLU. Cetera Advisors LLC purchased a new stake in shares of JetBlue Airways during the 3rd quarter worth approximately $199,000. Investment Centers of America Inc. purchased a new stake in shares of JetBlue Airways during the 2nd quarter worth approximately $205,000. Lincoln National Corp purchased a new position in JetBlue Airways in the 2nd quarter valued at approximately $210,000. Keybank National Association OH purchased a new position in JetBlue Airways in the 2nd quarter valued at approximately $210,000. Finally, Rational Advisors LLC purchased a new position in JetBlue Airways in the 3rd quarter valued at approximately $217,000. Institutional investors own 89.81% of the company’s stock.

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About JetBlue Airways

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)

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