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

JetBlue Airways Corporation (NASDAQ:JBLU)‘s stock had its “buy” rating reiterated by Imperial Capital in a research note issued on Tuesday, October 17th. They currently have a $31.00 price objective on the transportation company’s stock. Imperial Capital’s price objective points to a potential upside of 60.46% from the stock’s current price. Imperial Capital also issued estimates for JetBlue Airways Corporation’s Q3 2017 earnings at $0.52 EPS, Q4 2017 earnings at $0.34 EPS, FY2017 earnings at $1.75 EPS, Q1 2018 earnings at $0.25 EPS, Q2 2018 earnings at $0.61 EPS, Q3 2018 earnings at $0.64 EPS, Q4 2018 earnings at $0.50 EPS, FY2018 earnings at $2.00 EPS and FY2019 earnings at $1.05 EPS.

A number of other brokerages also recently issued reports on JBLU. Bank of America Corporation boosted their price objective on shares of JetBlue Airways Corporation from $27.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, June 30th. Buckingham Research downgraded shares of JetBlue Airways Corporation from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $28.00 to $24.00 in a research report on Wednesday, July 26th. Cowen and Company reissued a “hold” rating on shares of JetBlue Airways Corporation in a research report on Friday, September 1st. Zacks Investment Research downgraded shares of JetBlue Airways Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. Finally, Macquarie started coverage on shares of JetBlue Airways Corporation in a research report on Monday, September 25th. They issued a “neutral” rating and a $21.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. JetBlue Airways Corporation has an average rating of “Hold” and a consensus target price of $25.02.

JetBlue Airways Corporation (NASDAQ JBLU) traded up $0.13 during trading hours on Tuesday, reaching $19.32. 4,172,269 shares of the company were exchanged, compared to its average volume of 6,745,633. JetBlue Airways Corporation has a 52 week low of $16.85 and a 52 week high of $24.13. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.25. The company has a market cap of $6,153.21, a price-to-earnings ratio of 9.89 and a beta of 0.65.

JetBlue Airways Corporation (NASDAQ:JBLU) last posted its quarterly earnings results on Tuesday, October 24th. The transportation company reported $0.55 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.03. The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.81 billion. JetBlue Airways Corporation had a net margin of 9.38% and a return on equity of 15.95%. The firm’s revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.58 EPS. research analysts predict that JetBlue Airways Corporation will post 1.73 EPS for the current fiscal year.

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In related news, EVP George Martin J. St sold 2,500 shares of the stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $18.79, for a total value of $46,975.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robin Hayes sold 2,000 shares of the stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $19.89, for a total transaction of $39,780.00. Following the completion of the sale, the chief executive officer now directly owns 404,362 shares of the company’s stock, valued at $8,042,760.18. The disclosure for this sale can be found here. Insiders sold a total of 24,860 shares of company stock worth $474,419 in the last quarter. Company insiders own 0.60% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. CENTRAL TRUST Co purchased a new stake in JetBlue Airways Corporation during the 2nd quarter valued at approximately $162,000. IFP Advisors Inc grew its holdings in JetBlue Airways Corporation by 38.1% during the 2nd quarter. IFP Advisors Inc now owns 7,672 shares of the transportation company’s stock valued at $175,000 after buying an additional 2,117 shares in the last quarter. Soros Fund Management LLC purchased a new stake in JetBlue Airways Corporation during the 1st quarter valued at approximately $200,000. Capital Management Associates NY purchased a new stake in JetBlue Airways Corporation during the 2nd quarter valued at approximately $203,000. Finally, Investment Centers of America Inc. purchased a new stake in JetBlue Airways Corporation during the 2nd quarter valued at approximately $205,000. 85.38% of the stock is owned by institutional investors and hedge funds.

JetBlue Airways Corporation Company Profile

JetBlue Airways Corporation is a passenger carrier company. The Company provides air transportation services across the United States, the Caribbean and Latin America. Its segments include Domestic, and Caribbean & Latin America. It operates various kinds of aircrafts, including Airbus A321, Airbus A320 and Embraer E190.

Analyst Recommendations for JetBlue Airways Corporation (NASDAQ:JBLU)

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