JetBlue Airways Co. (NASDAQ:JBLU) Given Average Rating of “Hold” by Analysts

Shares of JetBlue Airways Co. (NASDAQ:JBLU) have received an average rating of “Hold” from the nineteen brokerages that are currently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and six have given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $20.45.

A number of equities research analysts have recently weighed in on the company. Imperial Capital reiterated an “outperform” rating and issued a $26.00 price target (up from $24.00) on shares of JetBlue Airways in a report on Thursday, June 20th. Susquehanna Bancshares assumed coverage on JetBlue Airways in a report on Tuesday, May 28th. They issued a “positive” rating and a $22.00 price target for the company. ValuEngine downgraded W&T Offshore from a “hold” rating to a “sell” rating in a report on Friday, April 26th. Credit Suisse Group reiterated a “hold” rating on shares of FactSet Research Systems in a report on Monday, July 8th. Finally, Zacks Investment Research downgraded German American Bancorp. from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th.

In related news, EVP George Martin J. St sold 1,500 shares of the company’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $17.63, for a total transaction 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 document filed with the SEC, which is available through this link. Also, CEO Robin Hayes sold 2,500 shares of the company’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $18.27, for a total value of $45,675.00. Following 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. Over the last 90 days, insiders have sold 9,000 shares of company stock valued at $166,045. 0.79% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. State Treasurer State of Michigan grew its stake in JetBlue Airways by 0.6% during the 1st quarter. State Treasurer State of Michigan now owns 109,223 shares of the transportation company’s stock worth $1,787,000 after buying an additional 600 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in JetBlue Airways by 2.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 31,877 shares of the transportation company’s stock worth $522,000 after acquiring an additional 648 shares during the period. Crossmark Global Holdings Inc. boosted its position in JetBlue Airways by 1.9% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 34,310 shares of the transportation company’s stock worth $634,000 after acquiring an additional 655 shares during the period. OLD National Bancorp IN boosted its position in JetBlue Airways by 4.6% during the 2nd quarter. OLD National Bancorp IN now owns 15,850 shares of the transportation company’s stock worth $293,000 after acquiring an additional 700 shares during the period. Finally, Curbstone Financial Management Corp boosted its position in JetBlue Airways by 1.5% during the 1st quarter. Curbstone Financial Management Corp now owns 52,450 shares of the transportation company’s stock worth $858,000 after acquiring an additional 800 shares during the period. Hedge funds and other institutional investors own 91.48% of the company’s stock.

JBLU stock traded down $0.25 during midday trading on Friday, hitting $19.26. 1,810,727 shares of the company’s stock were exchanged, compared to its average volume of 3,568,033. 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 has a 12-month low of $15.19 and a 12-month high of $20.14. The business has a 50 day moving average of $18.59. The firm has a market capitalization of $5.82 billion, a PE ratio of 12.42, a price-to-earnings-growth ratio of 0.43 and a beta of 0.90.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.04. JetBlue Airways had a return on equity of 10.16% and a net margin of 1.81%. The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same period in the previous year, the business earned $0.27 EPS. JetBlue Airways’s revenue for the quarter was up 6.7% compared to the same quarter last year. On average, sell-side analysts forecast that JetBlue Airways will post 1.94 earnings per share for the current fiscal year.

About JetBlue Airways

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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