JPMorgan Chase & Co. lowered shares of JetBlue Airways (NASDAQ:JBLU) from an overweight rating to a neutral rating in a report published on Thursday, Marketbeat.com reports. JPMorgan Chase & Co. currently has $18.00 price target on the transportation company’s stock.
JBLU has been the topic of a number of other research reports. Zacks Investment Research raised shares of JetBlue Airways from a sell rating to a hold rating in a research note on Wednesday, September 12th. Imperial Capital raised their target price on shares of JetBlue Airways from $24.00 to $26.00 and gave the company an outperform rating in a research note on Thursday, September 27th. Citigroup lifted their price target on shares of JetBlue Airways from $21.50 to $22.00 and gave the stock a neutral rating in a research note on Wednesday, October 3rd. Bank of America set a $16.00 price target on shares of JetBlue Airways and gave the stock a sell rating in a research note on Wednesday, October 3rd. Finally, BidaskClub downgraded shares of JetBlue Airways from a hold rating to a sell rating in a research note on Friday, October 5th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. JetBlue Airways presently has a consensus rating of Hold and a consensus price target of $20.30.
Shares of JBLU opened at $17.25 on Thursday. The firm has a market capitalization of $5.25 billion, a price-to-earnings ratio of 10.09, a P/E/G ratio of 1.24 and a beta of 0.83. JetBlue Airways has a fifty-two week low of $15.19 and a fifty-two week high of $23.08. The company has a current ratio of 0.60, a quick ratio of 0.57 and a debt-to-equity ratio of 0.29.
JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings results on Tuesday, October 23rd. The transportation company reported $0.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.01. The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.01 billion. JetBlue Airways had a net margin of 9.27% and a return on equity of 9.66%. JetBlue Airways’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter last year, the business earned $0.55 EPS. Sell-side analysts forecast that JetBlue Airways will post 1.47 earnings per share for the current fiscal year.
In other news, CEO Robin Hayes sold 2,500 shares of JetBlue Airways stock in a transaction dated Thursday, December 13th. The shares were sold at an average price of $17.70, for a total value of $44,250.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.63% of the company’s stock.
A number of institutional investors have recently bought and sold shares of JBLU. Janus Henderson Group PLC boosted its stake in JetBlue Airways by 23.1% during the 2nd quarter. Janus Henderson Group PLC now owns 15,728 shares of the transportation company’s stock valued at $299,000 after purchasing an additional 2,956 shares during the period. Legal & General Group Plc boosted its stake in JetBlue Airways by 1.8% during the 2nd quarter. Legal & General Group Plc now owns 319,944 shares of the transportation company’s stock valued at $6,073,000 after purchasing an additional 5,761 shares during the period. PNC Financial Services Group Inc. boosted its stake in JetBlue Airways by 32.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 21,319 shares of the transportation company’s stock valued at $404,000 after purchasing an additional 5,176 shares during the period. Renaissance Technologies LLC acquired a new position in JetBlue Airways during the 2nd quarter valued at about $29,956,000. Finally, Oregon Public Employees Retirement Fund boosted its stake in JetBlue Airways by 2.9% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 127,529 shares of the transportation company’s stock valued at $2,421,000 after purchasing an additional 3,590 shares during the period. 88.89% of the stock is owned by hedge funds and other institutional investors.
JetBlue Airways Company Profile
JetBlue Airways Corporation, a passenger carrier company, provides air transportation services. As of December 31, 2017, the company operated a fleet of 53 Airbus A321 aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 101 destinations in 30 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S.
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