JetBlue Airways (NASDAQ:JBLU) Stock Rating Upgraded by BidaskClub

JetBlue Airways (NASDAQ:JBLU) was upgraded by investment analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Tuesday, BidAskClub reports.

A number of other equities analysts also recently issued reports on the stock. Bank of America set a $152.00 price target on shares of Caterpillar and gave the company a “buy” rating in a report on Thursday, April 4th. Credit Suisse Group reiterated a “hold” rating on shares of FactSet Research Systems in a report on Monday. ValuEngine downgraded shares of W&T Offshore from a “hold” rating to a “sell” rating in a report on Friday, April 26th. Zacks Investment Research downgraded shares of German American Bancorp. from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. Finally, Cowen reiterated an “outperform” rating and issued a $1,420.00 price target (up previously from $1,390.00) on shares of Alphabet in a report on Thursday, April 11th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $20.15.

JetBlue Airways stock traded down $0.25 during trading hours on Tuesday, reaching $18.69. 4,394,100 shares of the stock were exchanged, compared to its average volume of 4,552,899. The stock has a market capitalization of $5.78 billion, a PE ratio of 12.06 and a beta of 0.90. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.50 and a current ratio of 0.53. JetBlue Airways has a 52-week low of $15.19 and a 52-week high of $20.14. The company’s 50 day moving average price is $18.42.



JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $0.16 EPS for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.04. The company had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.87 billion. JetBlue Airways had a net margin of 1.81% and a return on equity of 10.16%. JetBlue Airways’s quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.27 EPS. Equities research analysts anticipate that JetBlue Airways will post 1.94 earnings per share for the current fiscal year.

In related news, CEO Robin Hayes sold 2,500 shares of the stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $18.43, for a total value of $46,075.00. Following the sale, the chief executive officer now directly owns 478,743 shares of the company’s stock, valued at approximately $8,823,233.49. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP George Martin J. St sold 1,500 shares of the stock in a transaction dated Monday, May 20th. The shares were 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 in the company, valued at $797,352.01. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,500 shares of company stock worth $118,195. 0.79% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in JBLU. Bronfman E.L. Rothschild L.P. boosted its stake in shares of JetBlue Airways by 819.4% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 1,563 shares of the transportation company’s stock worth $25,000 after purchasing an additional 1,393 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in shares of JetBlue Airways during the 1st quarter worth about $25,000. Investors Research Corp acquired a new stake in shares of JetBlue Airways during the 1st quarter worth about $25,000. First Command Bank acquired a new stake in shares of JetBlue Airways during the 1st quarter worth about $35,000. Finally, Quantamental Technologies LLC acquired a new stake in shares of JetBlue Airways during the 1st quarter worth about $57,000. 91.54% of the stock is currently 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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