The stock of JetBlue Airways Corporation (NASDAQ:JBLU) is a huge mover today! About 3.73 million shares traded hands. JetBlue Airways Corporation (NASDAQ:JBLU) has declined 20.81% since March 1, 2016 and is downtrending. It has underperformed by 30.05% the S&P500.
The move comes after 8 months positive chart setup for the $5.96 billion company. It was reported on Oct, 4 by Barchart.com. We have $23.55 PT which if reached, will make NASDAQ:JBLU worth $1.85B more.
Analysts await JetBlue Airways Corporation (NASDAQ:JBLU) to report earnings on October, 25. They expect $0.57 earnings per share, down 1.72% or $0.01 from last year’s $0.58 per share. JBLU’s profit will be $188.94 million for 7.89 P/E if the $0.57 EPS becomes a reality. After $0.53 actual earnings per share reported by JetBlue Airways Corporation for the previous quarter, Wall Street now forecasts 7.55% EPS growth.
JetBlue Airways Corporation (NASDAQ:JBLU) Ratings Coverage
Out of 7 analysts covering Jetblue Airways (NASDAQ:JBLU), 5 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 71% are positive. Jetblue Airways has been the topic of 13 analyst reports since July 29, 2015 according to StockzIntelligence Inc. Argus Research maintained the stock with “Buy” rating in Tuesday, September 8 report. The firm has “Neutral” rating given on Tuesday, October 13 by JP Morgan. The rating was initiated by Imperial Capital on Friday, September 16 with “Outperform”. The stock of JetBlue Airways Corporation (NASDAQ:JBLU) has “Hold” rating given on Friday, September 4 by Evercore. Barclays Capital maintained the shares of JBLU in a report on Thursday, September 17 with “Equal-Weight” rating. Imperial Capital maintained it with “Outperform” rating and $30 target price in Wednesday, July 29 report. The firm has “Overweight” rating by Barclays Capital given on Friday, April 15. Credit Suisse maintained it with “Neutral” rating and $21 target price in Tuesday, April 12 report. Evercore upgraded the stock to “Buy” rating in Friday, January 29 report. The company was upgraded on Wednesday, April 27 by Cowen & Co.
According to Zacks Investment Research, “JetBlue Airways is a low-fare, low-cost passenger airline, which provides high-quality customer service primarily on point-to-point routes and is based in New York’s John F. Kennedy International Airport.”
Insitutional Activity: The institutional sentiment increased to 0.91 in 2016 Q2. Its up 0.05, from 0.86 in 2016Q1. The ratio is positive, as 68 funds sold all JetBlue Airways Corporation shares owned while 124 reduced positions. 44 funds bought stakes while 131 increased positions. They now own 251.88 million shares or 5.90% less from 267.66 million shares in 2016Q1.
Ardevora Asset Mgmt Ltd Liability Partnership accumulated 1% or 1.44M shares. Metropolitan Life Insur Company Ny holds 0.04% or 303,719 shares in its portfolio. Citigroup owns 1.17M shares or 0.02% of their US portfolio. Barclays Public Ltd Company last reported 0% of its portfolio in the stock. Advsrs Asset Inc last reported 0.01% of its portfolio in the stock. Point72 Asset Mgmt L P accumulated 185,900 shares or 0.02% of the stock. Moreover, Invesco Ltd has 0% invested in JetBlue Airways Corporation (NASDAQ:JBLU) for 489,795 shares. Krasney Ltd Liability owns 279,096 shares or 1.07% of their US portfolio. Grantham Mayo Van Otterloo Limited Co has 2.25 million shares for 0.15% of their US portfolio. Aqr Cap Management Ltd Co holds 0.12% or 4.06 million shares in its portfolio. State Of Tennessee Treasury Department accumulated 0.02% or 210,000 shares. Cibc has invested 0.01% of its portfolio in JetBlue Airways Corporation (NASDAQ:JBLU). The Texas-based Dimensional Fund Advsr Lp has invested 0.08% in JetBlue Airways Corporation (NASDAQ:JBLU). Suntrust Banks has 0% invested in the company for 13,135 shares. Gateway Investment Advisers Limited Company has invested 0.05% of its portfolio in JetBlue Airways Corporation (NASDAQ:JBLU).
Insider Transactions: Since April 5, 2016, the stock had 0 insider buys, and 13 selling transactions for $1.82 million net activity. The insider HNAT JAMES G sold $17,081. Another trade for 5,000 shares valued at $80,904 was made by Hayes Robin on Wednesday, July 6. PETERSON JOEL CLINTON also sold $80,932 worth of JetBlue Airways Corporation (NASDAQ:JBLU) on Thursday, September 1. CHECKETTS DAVID W sold $260,440 worth of stock or 13,500 shares. 9,000 JetBlue Airways Corporation (NASDAQ:JBLU) shares with value of $155,073 were sold by St George Martin J.
JBLU Company Profile
JetBlue Airways Corporation (JetBlue), incorporated on August 24, 1998, is a passenger carrier company. The Firm provides air transportation services across the United States, the Caribbean and Latin America. The Firm operates various types of aircrafts, including Airbus A321, Airbus A320 and Embraer E190. It also provides premium transcontinental product called Mint. Mint includes approximately 20 fully lie-flat seats, over four of which are in suites with a privacy door. The Firm has installed Fly-Fi in-flight Internet service across its Airbus fleet. The Firm provides three branded fares: Blue, Blue Plus and Blue Flex. Each of these fares include different offerings, such as free checked bags, reduced change fees and additional TrueBlue points. The Firm also accepts Apple Pay in-flight, which enables the iPhone users to use their phones for all onboard purchases. The Company’s Airbus A321 aircraft in a single cabin layout has approximately 190 seats and those with its Mint offering have over 160 seats. The Company’s Airbus A320 aircraft has approximately 150 seats while its Embraer E190 aircraft has over 100 seats.
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