JetBlue Airways (NASDAQ:JBLU) Given Outperform Rating at Imperial Capital

JetBlue Airways (NASDAQ:JBLU)‘s stock had its “outperform” rating reiterated by equities researchers at Imperial Capital in a research report issued to clients and investors on Wednesday, April 24th, Briefing.com Automated Import reports. They currently have a $24.00 target price on the transportation company’s stock, up from their prior target price of $23.00. Imperial Capital’s price target indicates a potential upside of 34.76% from the stock’s previous close. Imperial Capital also issued estimates for JetBlue Airways’ Q2 2019 earnings at $0.51 EPS, Q3 2019 earnings at $0.66 EPS, Q4 2019 earnings at $0.63 EPS and FY2019 earnings at $1.95 EPS.

JBLU has been the topic of a number of other reports. Credit Suisse Group reiterated a “hold” rating and issued a $17.00 price objective on shares of JetBlue Airways in a research report on Thursday, February 7th. ValuEngine lowered JetBlue Airways from a “hold” rating to a “sell” rating in a research report on Friday, February 15th. Zacks Investment Research upgraded JetBlue Airways from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research report on Wednesday, January 2nd. JPMorgan Chase & Co. lowered JetBlue Airways from an “overweight” rating to a “neutral” rating and set a $18.00 price target on the stock. in a research report on Thursday, January 10th. Finally, Bank of America restated an “underperform” rating and set a $16.00 price target (down from $19.00) on shares of JetBlue Airways in a research report on Thursday, April 4th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $19.52.

Shares of JBLU stock traded down $0.03 during trading hours on Wednesday, reaching $17.81. The company’s stock had a trading volume of 2,313,262 shares, compared to its average volume of 4,816,536. The firm has a market cap of $5.37 billion, a P/E ratio of 11.49, a P/E/G ratio of 3.36 and a beta of 0.93. JetBlue Airways has a one year low of $15.19 and a one year high of $20.14. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.50 and a current ratio of 0.53.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $0.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.04. The firm had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.87 billion. JetBlue Airways had a return on equity of 10.16% and a net margin of 1.81%. The business’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period last year, the company earned $0.27 EPS. As a group, equities analysts predict that JetBlue Airways will post 1.89 EPS for the current year.

In other JetBlue Airways news, CEO Robin Hayes sold 2,500 shares of the business’s stock in a transaction on Wednesday, April 10th. The stock was sold at an average price of $16.81, for a total value of $42,025.00. Following the sale, the chief executive officer now directly owns 453,076 shares of the company’s stock, valued at $7,616,207.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 7,500 shares of company stock worth $127,500 over the last 90 days. 0.79% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. FMR LLC boosted its holdings in JetBlue Airways by 4.4% in the first quarter. FMR LLC now owns 14,149,941 shares of the transportation company’s stock worth $231,493,000 after acquiring an additional 596,824 shares in the last quarter. HighTower Advisors LLC boosted its holdings in JetBlue Airways by 15.9% in the first quarter. HighTower Advisors LLC now owns 24,926 shares of the transportation company’s stock worth $408,000 after acquiring an additional 3,413 shares in the last quarter. Zebra Capital Management LLC bought a new stake in JetBlue Airways in the first quarter worth $404,000. MetLife Investment Advisors LLC boosted its holdings in JetBlue Airways by 0.5% in the first quarter. MetLife Investment Advisors LLC now owns 186,854 shares of the transportation company’s stock worth $3,057,000 after acquiring an additional 1,006 shares in the last quarter. Finally, SEI Investments Co boosted its holdings in JetBlue Airways by 110.0% in the first quarter. SEI Investments Co now owns 184,785 shares of the transportation company’s stock worth $3,023,000 after acquiring an additional 96,797 shares in the last quarter. 91.70% of the stock is currently owned by institutional investors and hedge funds.

JetBlue Airways Company Profile

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.

See Also: Trading based on a resistance level

Analyst Recommendations for JetBlue Airways (NASDAQ:JBLU)

Receive News & Ratings for JetBlue Airways Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JetBlue Airways and related companies with MarketBeat.com's FREE daily email newsletter.