JetBlue Airways (JBLU) Lowered to “Strong Sell” at BidaskClub

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BidaskClub downgraded shares of JetBlue Airways (NASDAQ:JBLU) from a sell rating to a strong sell rating in a report released on Friday morning.

Several other analysts also recently weighed in on JBLU. ValuEngine downgraded shares of JetBlue Airways from a sell rating to a strong sell rating in a research report on Tuesday, July 10th. Zacks Investment Research upgraded shares of JetBlue Airways from a strong sell rating to a hold rating in a research report on Wednesday, July 11th. Imperial Capital restated an outperform rating and set a $26.00 price objective on shares of JetBlue Airways in a research report on Monday, July 16th. They noted that the move was a valuation call. Macquarie set a $18.00 price objective on shares of JetBlue Airways and gave the stock a hold rating in a research report on Monday, October 8th. Finally, Bank of America set a $16.00 target price on shares of JetBlue Airways and gave the company a sell rating in a report on Wednesday, October 3rd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company. The company presently has an average rating of Hold and an average price target of $21.67.

Shares of NASDAQ:JBLU opened at $16.36 on Friday. The company has a market cap of $6.06 billion, a PE ratio of 9.57, a P/E/G ratio of 1.28 and a beta of 0.49. The company has a quick ratio of 0.56, a current ratio of 0.59 and a debt-to-equity ratio of 0.25. JetBlue Airways has a twelve month low of $16.03 and a twelve month high of $23.08.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings data on Tuesday, July 24th. The transportation company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.02. The business had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.93 billion. JetBlue Airways had a net margin of 11.30% and a return on equity of 10.80%. The company’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.64 EPS. On average, equities research analysts forecast that JetBlue Airways will post 1.48 EPS for the current year.

In other JetBlue Airways news, EVP James G. Hnat sold 6,000 shares of the business’s stock in a transaction on Thursday, September 13th. The shares were sold at an average price of $19.30, for a total value of $115,800.00. Following the transaction, the executive vice president now directly owns 3,437 shares of the company’s stock, valued at approximately $66,334.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robin Hayes sold 2,000 shares of the business’s stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $17.97, for a total transaction of $35,940.00. Following the completion of the transaction, the chief executive officer now directly owns 438,803 shares in the company, valued at $7,885,289.91. The disclosure for this sale can be found here. Insiders sold a total of 10,000 shares of company stock worth $189,980 over the last ninety days. Corporate insiders own 0.63% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Curbstone Financial Management Corp increased its stake in JetBlue Airways by 15.4% in the 3rd quarter. Curbstone Financial Management Corp now owns 54,250 shares of the transportation company’s stock valued at $1,050,000 after buying an additional 7,250 shares during the period. Wilsey Asset Management Inc. increased its stake in JetBlue Airways by 3.9% in the 3rd quarter. Wilsey Asset Management Inc. now owns 416,451 shares of the transportation company’s stock valued at $8,055,000 after buying an additional 15,703 shares during the period. California Public Employees Retirement System increased its stake in JetBlue Airways by 8.2% in the 2nd quarter. California Public Employees Retirement System now owns 996,276 shares of the transportation company’s stock valued at $18,909,000 after buying an additional 75,651 shares during the period. Sentinel Trust Co. LBA increased its stake in JetBlue Airways by 25.7% in the 2nd quarter. Sentinel Trust Co. LBA now owns 205,595 shares of the transportation company’s stock valued at $3,902,000 after buying an additional 41,980 shares during the period. Finally, HPM Partners LLC increased its stake in JetBlue Airways by 13.5% in the 2nd quarter. HPM Partners LLC now owns 23,573 shares of the transportation company’s stock valued at $447,000 after buying an additional 2,796 shares during the period. 87.24% 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, 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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