JetBlue Airways (NASDAQ:JBLU) Raised to “Sell” at BidaskClub

BidaskClub upgraded shares of JetBlue Airways (NASDAQ:JBLU) from a strong sell rating to a sell rating in a research report released on Tuesday, BidAskClub reports.

Other equities analysts also recently issued research reports about the company. Cowen reiterated an outperform rating and set a $1,420.00 price objective (up previously from $1,390.00) on shares of Alphabet in a research report on Thursday, April 11th. Vertical Research raised JetBlue Airways from a hold rating to a buy rating and set a $17.98 price objective for the company in a research note on Friday, June 7th. Barclays reaffirmed a buy rating and issued a $75.00 price objective on shares of Weibo in a research note on Monday, March 11th. Credit Suisse Group reaffirmed a hold rating on shares of FactSet Research Systems in a research note on Monday. Finally, Susquehanna Bancshares initiated coverage on JetBlue Airways in a research note on Tuesday, May 28th. They set a positive rating and a $22.00 target price for the company. Three 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. The stock has an average rating of Hold and an average target price of $20.15.

Shares of JetBlue Airways stock opened at $18.68 on Tuesday. The firm has a fifty day simple moving average of $18.44. The company has a market cap of $5.62 billion, a P/E ratio of 12.05 and a beta of 0.90. The company has a quick ratio of 0.50, a current ratio of 0.53 and a debt-to-equity ratio of 0.44. JetBlue Airways has a 52 week low of $15.19 and a 52 week high of $20.14.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $0.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.04. JetBlue Airways had a return on equity of 10.16% and a net margin of 1.81%. The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the prior year, the company posted $0.27 EPS. JetBlue Airways’s quarterly revenue was up 6.7% on a year-over-year basis. On average, equities analysts anticipate that JetBlue Airways will post 1.93 EPS for the current year.

In related news, EVP George Martin J. St sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $17.63, for a total value of $26,445.00. Following the sale, the executive vice president now owns 45,227 shares of the company’s stock, valued at approximately $797,352.01. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Robin Hayes sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $18.27, for a total value of $45,675.00. Following the completion of the sale, the chief executive officer now directly owns 480,666 shares in the company, valued at approximately $8,781,767.82. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,000 shares of company stock worth $166,045. Insiders own 0.79% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the stock. BlackRock Inc. lifted its stake in shares of JetBlue Airways by 1.3% during the 1st quarter. BlackRock Inc. now owns 26,538,600 shares of the transportation company’s stock worth $434,171,000 after purchasing an additional 340,505 shares during the period. FMR LLC raised its position in shares of JetBlue Airways by 4.4% in the 1st quarter. FMR LLC now owns 14,149,941 shares of the transportation company’s stock worth $231,493,000 after buying an additional 596,824 shares during the period. LSV Asset Management raised its position in shares of JetBlue Airways by 8.3% in the 1st quarter. LSV Asset Management now owns 8,323,042 shares of the transportation company’s stock worth $136,164,000 after buying an additional 634,765 shares during the period. AJO LP raised its position in shares of JetBlue Airways by 121.9% in the 1st quarter. AJO LP now owns 6,676,381 shares of the transportation company’s stock worth $109,226,000 after buying an additional 3,667,010 shares during the period. Finally, Thompson Siegel & Walmsley LLC raised its position in shares of JetBlue Airways by 251.2% in the 1st quarter. Thompson Siegel & Walmsley LLC now owns 4,041,171 shares of the transportation company’s stock worth $66,113,000 after buying an additional 2,890,530 shares during the period. 91.54% of the stock is currently owned by hedge funds and other institutional investors.

About JetBlue Airways

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.

Featured Story: What is a Leveraged Buyout (LBO)?

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.