JetBlue Airways (NASDAQ:JBLU) Upgraded to Buy by Stifel Nicolaus

Stifel Nicolaus upgraded shares of JetBlue Airways (NASDAQ:JBLU) from a hold rating to a buy rating in a research report report published on Monday, BenzingaRatingsTable reports. The firm currently has $24.00 price target on the transportation company’s stock, up from their prior price target of $22.00.

JBLU has been the subject of several other reports. TheStreet cut JetBlue Airways from a b rating to a c+ rating in a report on Wednesday, August 28th. BidaskClub upgraded JetBlue Airways from a strong sell rating to a sell rating in a report on Wednesday, October 9th. Zacks Investment Research upgraded JetBlue Airways from a hold rating to a buy rating and set a $18.00 target price for the company in a report on Monday, September 2nd. ValuEngine cut JetBlue Airways from a hold rating to a sell rating in a report on Thursday, August 1st. Finally, Buckingham Research raised JetBlue Airways from a neutral rating to a buy rating and upped their price target for the company from $18.00 to $22.00 in a research report on Monday, October 7th. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $20.86.

JBLU stock traded up $1.05 during trading on Monday, hitting $18.58. 8,884,323 shares of the company traded hands, compared to its average volume of 4,587,099. The firm has a market capitalization of $5.02 billion, a PE ratio of 11.98, a P/E/G ratio of 0.52 and a beta of 0.84. JetBlue Airways has a 1 year low of $15.19 and a 1 year high of $19.83. The company has a 50-day moving average of $16.87 and a 200-day moving average of $17.90. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.48 and a current ratio of 0.51.

JetBlue Airways (NASDAQ:JBLU) last issued its earnings results on Tuesday, October 22nd. The transportation company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.07. The company had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.09 billion. JetBlue Airways had a return on equity of 11.35% and a net margin of 5.53%. JetBlue Airways’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.43 EPS. Sell-side analysts expect that JetBlue Airways will post 1.9 EPS for the current year.

In other news, CEO Robin Hayes sold 2,500 shares of the stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $16.62, for a total value of $41,550.00. Following the completion of the transaction, the chief executive officer now owns 468,393 shares of the company’s stock, valued at approximately $7,784,691.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Brandon Nelson sold 3,000 shares of the stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $19.43, for a total value of $58,290.00. Following the completion of the transaction, the senior vice president now directly owns 4,429 shares of the company’s stock, valued at approximately $86,055.47. The disclosure for this sale can be found here. Insiders have sold a total of 14,335 shares of company stock valued at $262,095 in the last ninety days. 0.79% of the stock is currently owned by corporate insiders.

Large investors have recently made changes to their positions in the company. Executive Wealth Management LLC bought a new position in shares of JetBlue Airways in the 2nd quarter worth approximately $37,000. Private Capital Group LLC raised its position in shares of JetBlue Airways by 130.2% in the 2nd quarter. Private Capital Group LLC now owns 2,044 shares of the transportation company’s stock worth $39,000 after acquiring an additional 1,156 shares in the last quarter. FinTrust Capital Advisors LLC raised its position in shares of JetBlue Airways by 81.4% in the 2nd quarter. FinTrust Capital Advisors LLC now owns 2,422 shares of the transportation company’s stock worth $45,000 after acquiring an additional 1,087 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new position in shares of JetBlue Airways in the 2nd quarter worth approximately $59,000. Finally, Advisory Services Network LLC raised its position in shares of JetBlue Airways by 17.3% in the 2nd quarter. Advisory Services Network LLC now owns 6,852 shares of the transportation company’s stock worth $127,000 after acquiring an additional 1,011 shares in the last quarter. 91.07% of the stock is 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.

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