JetBlue Airways (NASDAQ:JBLU) PT Raised to $17.00 at Goldman Sachs Group

JetBlue Airways (NASDAQ:JBLU) had its price target lifted by Goldman Sachs Group from $12.00 to $17.00 in a report issued on Monday, The Fly reports. They currently have a buy rating on the transportation company’s stock.

Several other brokerages have also recently issued reports on JBLU. Barclays reduced their price target on shares of JetBlue Airways from $23.00 to $16.00 and set an equal weight rating on the stock in a research report on Thursday, March 26th. BidaskClub upgraded shares of JetBlue Airways from a sell rating to a hold rating in a report on Friday, June 5th. Cowen cut their price objective on shares of JetBlue Airways from $10.00 to $9.00 and set a market perform rating on the stock in a report on Tuesday, April 28th. Bank of America upgraded shares of JetBlue Airways from an underperform rating to a neutral rating in a report on Monday, June 8th. Finally, UBS Group cut their price objective on shares of JetBlue Airways from $12.00 to $9.00 and set a neutral rating on the stock in a report on Friday, May 8th. One analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company’s stock. JetBlue Airways presently has a consensus rating of Hold and a consensus price target of $15.47.

Shares of NASDAQ JBLU opened at $10.67 on Monday. JetBlue Airways has a 1 year low of $6.61 and a 1 year high of $21.65. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.61 and a quick ratio of 0.58. The company’s 50-day moving average is $10.83 and its 200 day moving average is $13.83. The stock has a market capitalization of $2.88 billion, a P/E ratio of 13.17 and a beta of 1.38.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings results on Thursday, May 7th. The transportation company reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.41) by ($0.01). JetBlue Airways had a net margin of 3.32% and a return on equity of 8.63%. The company had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter in the prior year, the firm earned $0.16 EPS. JetBlue Airways’s quarterly revenue was down 15.1% compared to the same quarter last year. Research analysts anticipate that JetBlue Airways will post -3.79 earnings per share for the current year.

In other JetBlue Airways news, General Counsel Brandon Nelson sold 3,000 shares of the stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $9.81, for a total value of $29,430.00. Following the transaction, the general counsel now directly owns 2,441 shares in the company, valued at $23,946.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.93% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JBLU. Panagora Asset Management Inc. increased its stake in shares of JetBlue Airways by 1,010.1% in the fourth quarter. Panagora Asset Management Inc. now owns 92,441 shares of the transportation company’s stock worth $1,730,000 after purchasing an additional 84,114 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of JetBlue Airways by 28.9% in the fourth quarter. AQR Capital Management LLC now owns 5,544,538 shares of the transportation company’s stock worth $103,794,000 after purchasing an additional 1,243,199 shares in the last quarter. Norges Bank purchased a new stake in shares of JetBlue Airways in the fourth quarter worth $44,347,000. Amundi Pioneer Asset Management Inc. increased its stake in shares of JetBlue Airways by 23.3% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 1,365,859 shares of the transportation company’s stock worth $25,569,000 after purchasing an additional 258,123 shares in the last quarter. Finally, Amalgamated Bank increased its stake in shares of JetBlue Airways by 5.8% in the fourth quarter. Amalgamated Bank now owns 67,615 shares of the transportation company’s stock worth $1,266,000 after purchasing an additional 3,734 shares in the last quarter. Institutional investors and hedge funds own 88.77% of the company’s stock.

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.

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The Fly

Analyst Recommendations for JetBlue Airways (NASDAQ:JBLU)

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