ValuEngine Lowers JetBlue Airways (NASDAQ:JBLU) to Sell

JetBlue Airways (NASDAQ:JBLU) was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday, ValuEngine reports.

A number of other research analysts also recently commented on JBLU. BidaskClub upgraded JetBlue Airways from a “strong sell” rating to a “sell” rating in a report on Saturday, July 27th. TheStreet upgraded JetBlue Airways from a “c+” rating to a “b” rating in a report on Tuesday, July 23rd. Credit Suisse Group increased their price objective on JetBlue Airways from $19.00 to $20.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. Susquehanna Bancshares initiated coverage on JetBlue Airways in a report on Tuesday, May 28th. They issued a “positive” rating and a $22.00 price objective on the stock. Finally, Bank of America reiterated an “underperform” rating and issued a $16.00 price objective (down previously from $19.00) on shares of JetBlue Airways in a report on Thursday, April 4th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. JetBlue Airways has an average rating of “Hold” and a consensus price target of $20.45.

Shares of JBLU traded down $0.10 during mid-day trading on Thursday, reaching $19.03. The company’s stock had a trading volume of 3,207,449 shares, compared to its average volume of 4,258,610. JetBlue Airways has a 12-month low of $15.19 and a 12-month high of $20.14. The firm has a market capitalization of $5.67 billion, a PE ratio of 12.28, a PEG ratio of 0.42 and a beta of 0.90. The company has a current ratio of 0.51, a quick ratio of 0.50 and a debt-to-equity ratio of 0.42. The firm’s 50 day moving average price is $19.02.

JetBlue Airways (NASDAQ:JBLU) last released its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. JetBlue Airways had a return on equity of 11.35% and a net margin of 5.53%. The business had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.10 billion. During the same quarter in the prior year, the business posted $0.38 EPS. The business’s revenue for the quarter was up 9.2% on a year-over-year basis. Sell-side analysts forecast that JetBlue Airways will post 2 EPS for the current fiscal year.

In other JetBlue Airways news, EVP George Martin J. St sold 1,500 shares of the stock in a transaction that occurred 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 sale, the executive vice president now directly owns 45,227 shares of the company’s stock, valued at approximately $797,352.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robin Hayes sold 2,500 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now directly 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 three months, insiders sold 12,000 shares of company stock valued at $224,335. Insiders own 0.79% of the company’s stock.

A number of institutional investors have recently bought and sold shares of JBLU. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in JetBlue Airways during the 1st quarter worth approximately $25,000. Investors Research Corp purchased a new position in shares of JetBlue Airways during the 1st quarter worth approximately $25,000. First Command Bank purchased a new position in shares of JetBlue Airways during the 1st quarter worth approximately $35,000. Executive Wealth Management LLC purchased a new position in shares of JetBlue Airways during the 2nd quarter worth approximately $37,000. Finally, FinTrust Capital Advisors LLC raised its stake in shares of JetBlue Airways by 81.4% during the 2nd quarter. FinTrust Capital Advisors LLC now owns 2,422 shares of the transportation company’s stock worth $45,000 after buying an additional 1,087 shares in the last quarter. 91.12% of the stock is owned by 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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