JetBlue Airways Corp. (NASDAQ:JBLU) was upgraded by research analysts at Wolfe Research from an “underperform” rating to an “outperform” rating in a report released on Friday, TheFlyOnTheWall.com reports.
JetBlue Airways Corp. (NASDAQ:JBLU) traded up 2.92% on Friday, hitting $10.23. The stock had a trading volume of 8,831,086 shares. JetBlue Airways Corp. has a 1-year low of $5.95 and a 1-year high of $10.63. The stock’s 50-day moving average is $9.03 and its 200-day moving average is $8.79. The company has a market cap of $3.036 billion and a P/E ratio of 20.54. JetBlue Airways Corp. also saw a large increase in short interest during the month of May. As of May 30th, there was short interest totalling 49,881,038 shares, an increase of 13.2% from the May 15th total of 44,070,749 shares. Based on an average daily volume of 6,249,823 shares, the short-interest ratio is presently 8.0 days. Currently, 20.2% of the company’s stock are short sold.
JetBlue Airways Corp. (NASDAQ:JBLU) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.01 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.09 by $0.08. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the prior year, the company posted $0.05 earnings per share. The company’s quarterly revenue was up 3.8% on a year-over-year basis. Analysts expect that JetBlue Airways Corp. will post $0.68 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks downgraded shares of JetBlue Airways Corp. from an “outperform” rating to a “neutral” rating in a research note on Friday, May 30th. They now have a $10.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. upgraded shares of JetBlue Airways Corp. from a “neutral” rating to an “overweight” rating in a research note on Thursday, May 1st. They now have a $10.00 price target on the stock, up previously from $9.50. They noted that the move was a valuation call. Finally, analysts at Argus upgraded shares of JetBlue Airways Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, April 16th. They now have a $10.00 price target on the stock, up previously from $8.80. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $9.94.
In other JetBlue Airways Corp. news, COO Robert Alan Maruster unloaded 82,824 shares of the company’s stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $10.05, for a total value of $832,381.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
JetBlue Airways Corporation (NASDAQ:JBLU) is a passenger airline that operates primarily on point-to-point routes with its fleet of 120 Airbus A320 aircraft and 49 EMBRAER 190 aircraft.
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