Vertical Research Initiates Coverage on JetBlue Airways (NASDAQ:JBLU)

Vertical Research initiated coverage on shares of JetBlue Airways (NASDAQ:JBLU) in a research report sent to investors on Monday, February 4th, The Fly reports. The brokerage issued a hold rating and a $19.00 price target on the transportation company’s stock.

A number of other brokerages have also recently issued reports on JBLU. Credit Suisse Group began coverage on shares of JetBlue Airways in a research note on Monday, November 19th. They issued an underperform rating and a $16.00 price objective for the company. BidaskClub cut shares of JetBlue Airways from a buy rating to a hold rating in a research note on Thursday, December 13th. Zacks Investment Research upgraded shares of JetBlue Airways from a hold rating to a buy rating and set a $18.00 price objective for the company in a research note on Wednesday, January 2nd. TheStreet cut shares of JetBlue Airways from a b- rating to a c+ rating in a research note on Monday, October 15th. Finally, Morgan Stanley increased their price objective on shares of JetBlue Airways to $20.25 and gave the company an outperform rating in a research note on Tuesday, October 30th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $20.28.

Shares of NASDAQ JBLU traded up $0.23 during trading hours on Monday, hitting $16.93. 5,229,738 shares of the stock were exchanged, compared to its average volume of 4,040,224. The company has a current ratio of 0.60, a quick ratio of 0.57 and a debt-to-equity ratio of 0.29. The company has a market cap of $5.25 billion, a P/E ratio of 10.92, a P/E/G ratio of 0.84 and a beta of 0.92. JetBlue Airways has a one year low of $15.19 and a one year high of $22.80.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings data on Thursday, January 24th. The transportation company reported $0.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.07. The business had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $1.95 billion. JetBlue Airways had a net margin of 2.44% and a return on equity of 10.97%. JetBlue Airways’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.08 EPS. Equities research analysts forecast that JetBlue Airways will post 2.08 EPS for the current fiscal year.

In other JetBlue Airways news, CEO Robin Hayes sold 2,500 shares of the stock in a transaction dated Thursday, January 10th. The shares were sold at an average price of $16.16, for a total transaction of $40,400.00. Following the sale, the chief executive officer now owns 431,656 shares of the company’s stock, valued at approximately $6,975,560.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last three months, insiders have sold 7,500 shares of company stock worth $130,100. Insiders own 0.63% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Flagship Harbor Advisors LLC boosted its stake in shares of JetBlue Airways by 13.1% in the 4th quarter. Flagship Harbor Advisors LLC now owns 7,145 shares of the transportation company’s stock valued at $114,000 after purchasing an additional 830 shares during the last quarter. Macquarie Group Ltd. boosted its stake in shares of JetBlue Airways by 0.8% in the 4th quarter. Macquarie Group Ltd. now owns 110,200 shares of the transportation company’s stock valued at $1,769,000 after purchasing an additional 900 shares during the last quarter. Mitsubishi UFJ Asset Management UK Ltd. raised its position in shares of JetBlue Airways by 1.7% in the 4th quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 59,200 shares of the transportation company’s stock valued at $951,000 after acquiring an additional 1,000 shares during the period. KBC Group NV raised its position in shares of JetBlue Airways by 88.2% in the 4th quarter. KBC Group NV now owns 2,213 shares of the transportation company’s stock valued at $36,000 after acquiring an additional 1,037 shares during the period. Finally, Commonwealth Equity Services LLC raised its position in shares of JetBlue Airways by 1.5% in the 4th quarter. Commonwealth Equity Services LLC now owns 72,568 shares of the transportation company’s stock valued at $1,165,000 after acquiring an additional 1,052 shares during the period. 88.62% of the stock is currently owned by institutional investors.

About JetBlue Airways

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.

Featured Story: Diversification in Investing

The Fly

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.