JetBlue Airways (NASDAQ:JBLU) Upgraded by BidaskClub to “Sell”

BidaskClub upgraded shares of JetBlue Airways (NASDAQ:JBLU) from a strong sell rating to a sell rating in a research note published on Saturday morning, BidAskClub reports.

A number of other equities research analysts have also commented on JBLU. UBS Group began coverage on shares of JetBlue Airways in a report on Tuesday, November 12th. They set a buy rating and a $25.00 price objective on the stock. Evercore ISI reaffirmed a buy rating and issued a $24.00 target price on shares of JetBlue Airways in a research note on Monday, December 16th. ValuEngine raised shares of JetBlue Airways from a strong sell rating to a sell rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. upgraded shares of JetBlue Airways from a neutral rating to an overweight rating and increased their price target for the company from $23.00 to $24.00 in a research report on Monday, October 28th. Finally, Morgan Stanley cut their price target on shares of JetBlue Airways from $20.00 to $19.00 and set an equal weight rating on the stock in a research report on Thursday, October 10th. Three analysts have rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company. The company has an average rating of Hold and a consensus price target of $21.67.

Shares of NASDAQ:JBLU opened at $19.05 on Friday. JetBlue Airways has a 12 month low of $15.60 and a 12 month high of $19.93. The company’s 50-day moving average price is $18.87 and its two-hundred day moving average price is $18.41. The company has a quick ratio of 0.50, a current ratio of 0.53 and a debt-to-equity ratio of 0.43. The firm has a market cap of $5.55 billion, a P/E ratio of 9.97, a P/E/G ratio of 0.38 and a beta of 0.78.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.08. JetBlue Airways had a net margin of 7.19% and a return on equity of 12.03%. The firm had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same quarter in the prior year, the firm earned $0.43 EPS. The company’s revenue was up 3.9% on a year-over-year basis. As a group, equities analysts predict that JetBlue Airways will post 1.91 earnings per share for the current fiscal year.

In related news, CEO Robin Hayes sold 2,500 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $19.62, for a total value of $49,050.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Stephen J. Priest sold 1,810 shares of the firm’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $19.28, for a total transaction of $34,896.80. Following the completion of the transaction, the chief financial officer now directly owns 21,850 shares of the company’s stock, valued at $421,268. The disclosure for this sale can be found here. Insiders sold 13,310 shares of company stock valued at $255,257 over the last three months. 0.79% of the stock is owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the business. Private Capital Group LLC boosted its position in JetBlue Airways by 130.2% during the second quarter. Private Capital Group LLC now owns 2,044 shares of the transportation company’s stock worth $39,000 after purchasing an additional 1,156 shares during the period. FNY Investment Advisers LLC bought a new position in JetBlue Airways during the fourth quarter worth $69,000. Steward Partners Investment Advisory LLC boosted its position in JetBlue Airways by 56.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,142 shares of the transportation company’s stock worth $77,000 after purchasing an additional 1,500 shares during the period. Usca Ria LLC bought a new position in JetBlue Airways during the third quarter worth $82,000. Finally, Tower Research Capital LLC TRC boosted its position in JetBlue Airways by 124.7% during the third quarter. Tower Research Capital LLC TRC now owns 9,752 shares of the transportation company’s stock worth $163,000 after purchasing an additional 5,412 shares during the period. 96.06% 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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Analyst Recommendations for JetBlue Airways (NASDAQ:JBLU)

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