JetBlue Airways Corporation (NASDAQ:JBLU) Shares Advances 1.06% Thursday Premarket Trade
- Author: Essie Rivera Jan 28, 2017,
Jan 28, 2017, 0:11
In JetBlue Airways Corporation (NASDAQ:JBLU)'s latest quarter, EPS moved to $0.58 from $0.53 in preceding quarter and revenues reached at $1,732.00M compared to $1,643.00M. The firm presently has a $24.49 target price on the stock. There are 7 equity research firms advocating a Hold and 0 consider it Sell.
JetBlue (NASDAQ:JBLU) reports operating income fell 10% to $296M in Q4 on revenue of $1.6B.
Many research firms have provided their ratings on JetBlue Airways Corporation (NASDAQ:JBLU) where Raymond James provided Mkt Perform rating on the stock on 21-Dec-16. They also projected Low Price Target as $15 while High Price Target is set at $15.
In his research note, the analyst told his clients that "We trim our '17 EPS estimate to $1.98 from $2.05 and start '18 at $2.10".
According to ZACKS data, different Brokerage Firms rated JBLU stock about their BUY, SELL or HOLD recommendations.
JetBlue Airways Corporation (NASDAQ:JBLU) stock slumped 3.08% during yesterday's trading session despite strong fourth quarter 2016 earnings release as the airline expects weak January key matrices. JetBlue Airways Corporation has a 12 month low of $14.76 and a 12 month high of $23.67. The Market Capitalization of the company stands at 6.81 Billion. The stock's 50 day moving average is $22.06 and its 200-day moving average is $18.88.
COPYRIGHT VIOLATION NOTICE: This news story was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this news story on another publication, it was illegally stolen and republished in violation of United States & worldwide copyright laws. The correct version of this news story can be read at https://www.thecerbatgem.com/2017/01/25/jetblue-airways-corporation-jblu-stock-rating-upgraded-by-vetr-inc.html. The shares were sold at an average price of $22.66, for a total transaction of $45,320.00. Following the completion of the sale, the chief executive officer now owns 355,881 shares in the company, valued at $6,203,005.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. (NASDAQ:CSCO) is 1.8. The rating scale runs from 1 to 5 with 5 indicating a Strong Sell, 1 indicating a Strong Buy and 3 indicating a Hold. The company's stock has grown by 6.05 percent in the past 5 years. This insider holds 351,881 shares with a market value around $7424689.1 as of recent close. Nisa Investment Advisors LLC increased its stake in JetBlue Airways Corporation by 128.6% in the third quarter.
The company's net income dropped to $172 million, or 50 cents per share, in the quarter ended December 31, from $190 million, or 56 cents per share, a year earlier. UBS Asset Management Americas Inc.'s holdings in JetBlue Airways Corporation were worth $935,000 at the end of the most recent quarter. The reported earnings topped the analyst's consensus by $0.59 with the surprise factor around 295.00%.
The stock was assessed in terms of profitability as current quarter EPS estimate trends showed $1.69 at current month while compared with $1.69 in a month ago. Finally, American Century Companies Inc. boosted its position in shares of JetBlue Airways Corporation by 52.8% in the second quarter. The Company provides air transportation services across the United States, the Caribbean and Latin America. As of December 31, 2014, the company operated a fleet of 25 Airbus A321 aircrafts, 130 Airbus A320 aircrafts, and 60 Embraer E190 aircrafts.