JetBlue Airways Co. (JBLU) Receives Consensus Rating of “Hold” from Brokerages

Shares of JetBlue Airways Co. (NASDAQ:JBLU) have been assigned a consensus recommendation of “Hold” from the nineteen research firms that are presently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $19.80.

JBLU has been the subject of several analyst reports. Imperial Capital boosted their price target on JetBlue Airways from $24.00 to $27.00 and gave the company an “outperform” rating in a report on Tuesday, December 4th. Wolfe Research downgraded JetBlue Airways from a “market perform” rating to an “underperform” rating in a report on Friday, December 7th. BidaskClub downgraded JetBlue Airways from a “buy” rating to a “hold” rating in a report on Thursday, December 13th. Zacks Investment Research upgraded JetBlue Airways from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a report on Wednesday, January 2nd. Finally, JPMorgan Chase & Co. downgraded JetBlue Airways from an “overweight” rating to a “neutral” rating and set a $18.00 price target for the company. in a report on Thursday, January 10th.

In related news, CEO Robin Hayes sold 2,500 shares of the stock in a transaction on Monday, February 11th. The stock was sold at an average price of $18.18, for a total value of $45,450.00. Following the completion of the sale, the chief executive officer now directly owns 429,156 shares in the company, valued at approximately $7,802,056.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders have sold 7,500 shares of company stock valued at $125,650. Insiders own 0.63% of the company’s stock.

Large investors have recently bought and sold shares of the business. Clearline Capital LP boosted its position in JetBlue Airways by 75.4% in the 3rd quarter. Clearline Capital LP now owns 171,253 shares of the transportation company’s stock valued at $3,315,000 after buying an additional 73,609 shares during the last quarter. Mackay Shields LLC increased its stake in shares of JetBlue Airways by 784.6% in the fourth quarter. Mackay Shields LLC now owns 792,055 shares of the transportation company’s stock valued at $12,720,000 after purchasing an additional 702,514 shares during the period. Enlightenment Research LLC acquired a new stake in shares of JetBlue Airways in the fourth quarter valued at approximately $47,000. Quantbot Technologies LP acquired a new stake in shares of JetBlue Airways in the third quarter valued at approximately $844,000. Finally, Flagship Harbor Advisors LLC increased its stake in shares of JetBlue Airways by 13.1% in the fourth quarter. Flagship Harbor Advisors LLC now owns 7,145 shares of the transportation company’s stock valued at $114,000 after purchasing an additional 830 shares during the period. 89.82% of the stock is owned by institutional investors.

Shares of NASDAQ:JBLU traded up $0.08 during trading on Wednesday, hitting $16.89. 1,508,821 shares of the stock were exchanged, compared to its average volume of 5,423,645. The firm has a market capitalization of $5.15 billion, a price-to-earnings ratio of 10.90, a price-to-earnings-growth ratio of 0.46 and a beta of 0.89. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.61 and a quick ratio of 0.58. JetBlue Airways has a 12-month low of $15.19 and a 12-month high of $20.82.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings results on Thursday, January 24th. The transportation company reported $0.50 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.07. JetBlue Airways had a return on equity of 10.92% and a net margin of 2.44%. The business had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same quarter in the previous year, the company earned $2.08 EPS. The company’s quarterly revenue was up 11.9% on a year-over-year basis. On average, equities analysts anticipate that JetBlue Airways will post 1.94 earnings per share for the current year.

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.

Featured Article: What is Depreciation?

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.