JetBlue Airways (JBLU) Upgraded to Peer Perform by Wolfe Research

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Wolfe Research upgraded shares of JetBlue Airways (NASDAQ:JBLU) from an underperform rating to a peer perform rating in a research note released on Friday morning, Marketbeat Ratings reports.

Other equities research analysts have also issued research reports about the stock. ValuEngine raised shares of JetBlue Airways from a sell rating to a hold rating in a report on Thursday, July 19th. BidaskClub lowered shares of JetBlue Airways from a buy rating to a hold rating in a report on Friday, August 31st. Imperial Capital lowered their price target on shares of JetBlue Airways from $26.00 to $24.00 and set an outperform rating on the stock in a report on Wednesday, July 25th. Zacks Investment Research raised shares of JetBlue Airways from a strong sell rating to a hold rating in a report on Wednesday, July 11th. Finally, Morgan Stanley lowered their price target on shares of JetBlue Airways from $22.00 to $21.00 and set an equal weight rating on the stock in a report on Thursday, July 12th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $21.67.

JetBlue Airways stock traded up $0.15 on Friday, hitting $16.36. The company’s stock had a trading volume of 7,414,409 shares, compared to its average volume of 4,890,528. The firm has a market capitalization of $6.06 billion, a PE ratio of 9.57, a price-to-earnings-growth ratio of 1.28 and a beta of 0.49. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.59 and a quick ratio of 0.56. JetBlue Airways has a one year low of $16.03 and a one year high of $23.08.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings results on Tuesday, July 24th. The transportation company reported $0.38 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.02. The firm had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.93 billion. JetBlue Airways had a net margin of 11.30% and a return on equity of 10.80%. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.64 EPS. Analysts predict that JetBlue Airways will post 1.48 earnings per share for the current fiscal year.

In related news, EVP George Martin J. St sold 3,000 shares of the company’s stock in a transaction dated Monday, July 16th. The shares were sold at an average price of $19.39, for a total transaction of $58,170.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Robin Hayes sold 2,000 shares of the company’s stock in a transaction dated Wednesday, August 1st. The stock was sold at an average price of $17.97, for a total transaction of $35,940.00. Following the transaction, the chief executive officer now owns 438,803 shares in the company, valued at approximately $7,885,289.91. The disclosure for this sale can be found here. Insiders sold a total of 13,000 shares of company stock worth $248,150 in the last 90 days. 0.63% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of JBLU. HPM Partners LLC lifted its position in JetBlue Airways by 13.5% during the 2nd quarter. HPM Partners LLC now owns 23,573 shares of the transportation company’s stock valued at $447,000 after purchasing an additional 2,796 shares during the period. Janus Henderson Group PLC lifted its position 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. Oregon Public Employees Retirement Fund lifted its position 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. Vident Investment Advisory LLC lifted its position in JetBlue Airways by 2.0% during the 2nd quarter. Vident Investment Advisory LLC now owns 184,775 shares of the transportation company’s stock valued at $3,507,000 after purchasing an additional 3,610 shares during the period. Finally, Private Capital Group LLC lifted its position in JetBlue Airways by 178.8% during the 1st quarter. Private Capital Group LLC now owns 5,780 shares of the transportation company’s stock valued at $117,000 after purchasing an additional 3,707 shares during the period. Institutional investors and hedge funds own 87.24% of the company’s stock.

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.

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Analyst Recommendations for JetBlue Airways (NASDAQ:JBLU)

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