TheStreet Upgrades JetBlue Airways (NASDAQ:JBLU) to B-

TheStreet upgraded shares of JetBlue Airways (NASDAQ:JBLU) from a c+ rating to a b- rating in a research report report published on Monday, TheStreetRatingsTable reports.

A number of other brokerages have also recently weighed in on JBLU. Morgan Stanley dropped their price target on JetBlue Airways from $20.00 to $19.00 and set an equal weight rating on the stock in a research note on Thursday, October 10th. JPMorgan Chase & Co. raised JetBlue Airways from a neutral rating to an overweight rating and lifted their price target for the stock from $23.00 to $24.00 in a research note on Monday, October 28th. Credit Suisse Group lifted their price target on JetBlue Airways from $19.00 to $20.00 and gave the stock a neutral rating in a research note on Wednesday, July 24th. UBS Group began coverage on JetBlue Airways in a research note on Tuesday. They issued a buy rating and a $25.00 price target on the stock. Finally, Zacks Investment Research raised JetBlue Airways from a hold rating to a buy rating and set a $18.00 price target on the stock in a research note on Monday, September 2nd. Three analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $21.36.

NASDAQ:JBLU traded down $0.03 during mid-day trading on Monday, reaching $19.55. 88,353 shares of the stock were exchanged, compared to its average volume of 5,603,555. The business has a fifty day moving average price of $17.87 and a 200 day moving average price of $18.16. The firm has a market capitalization of $5.70 billion, a PE ratio of 12.61, a PEG ratio of 0.61 and a beta of 0.85. JetBlue Airways has a 1-year low of $15.19 and a 1-year high of $19.93. The company has a current ratio of 0.53, a quick ratio of 0.50 and a debt-to-equity ratio of 0.43.

JetBlue Airways (NASDAQ:JBLU) last released its earnings results on Tuesday, October 22nd. The transportation company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.08. The firm had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.09 billion. JetBlue Airways had a return on equity of 12.03% and a net margin of 7.19%. JetBlue Airways’s revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.43 earnings per share. On average, sell-side analysts forecast that JetBlue Airways will post 1.94 earnings per share for the current year.

In other JetBlue Airways news, CEO Robin Hayes sold 2,500 shares of JetBlue Airways stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $19.62, for a total transaction of $49,050.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Stephen J. Priest sold 1,810 shares of JetBlue Airways stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $19.28, for a total value of $34,896.80. Following the transaction, the chief financial officer now directly owns 21,850 shares in the company, valued at approximately $421,268. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,810 shares of company stock worth $253,362. Company insiders own 0.79% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Executive Wealth Management LLC acquired a new stake in shares of JetBlue Airways during the 2nd quarter valued at about $37,000. Private Capital Group LLC lifted its holdings in JetBlue Airways by 130.2% in the 2nd quarter. Private Capital Group LLC now owns 2,044 shares of the transportation company’s stock worth $39,000 after purchasing an additional 1,156 shares during the last quarter. FinTrust Capital Advisors LLC lifted its holdings in JetBlue Airways by 81.4% in the 2nd quarter. FinTrust Capital Advisors LLC now owns 2,422 shares of the transportation company’s stock worth $45,000 after purchasing an additional 1,087 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in JetBlue Airways in the 2nd quarter worth approximately $59,000. Finally, Usca Ria LLC acquired a new stake in JetBlue Airways in the 3rd quarter worth approximately $82,000. 93.41% 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.

Recommended Story: The role of implied volatility with call option volume

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.