JetBlue Airways Corporation (NASDAQ:JBLU) Insiders Look Pessimistic About Prospects
Oct 21 2016 by Johnny Bowman
The consensus 12-month price target from brokerage firms covering the stock is $22.36.
The Stock now has Analyst' mean Recommendation of 2.1 where the scale is from 1 to 5, 1 means Strong Buy and 5 means Sell. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Hnat James G offloaded 1,000 shares in the company at a per-share price of $18.03 and ended up generating $18,030 in proceeds.
Over the past 50 days, JetBlue Airways Corporation's stock is -3.74% off of the high and 13.25% removed from the low. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to Zacks Investment Research, based on 9 analysts' forecasts, the consensus EPS forecast for the quarter is $0.59. It is now trading -3.69% below its 20 day moving average and -7.1% below its 50 day moving average. Following the sale, the executive vice president now owns 27,564 shares of the company's stock, valued at approximately $496,978.92.
In today's session JetBlue Airways Corporation (JBLU) registered an unusually high (27,836) contracts volume of call trades.
The Company now has ROA (Return on Assets) of 5.4 percent, Return on Equity (ROE) of 16.1 Percent and Return on Investment (ROI) of 9.3% with Gross margin of 67.1 percent and Operating & Profit margin of 16.1% and 11.4% respectively.
St George Martin J (EVP Commercial) of JBLU [NASD] sold 9000 shares worth of $155073 at the average price of $17.23 on01 Sep 2016.
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Customers of Southwest Airlines Co., JetBlue Airways Corp. and Virgin America Inc. can resume online flight bookings after technical difficulties with Sabre Corp. computer systems prevented reservations from being made on their websites.
Price Potential: Even though the stock has posted 0.06% rise in value, its new closing price reflects a -34.15% fall in value from company's one year high of $27.
Shares of JetBlue Airways Corporation (NASDAQ:JBLU) inclined 0.06% to $17.78. They expect $0.57 earnings per share, down 1.72% or $0.01 from last year's $0.58 per share. During the same quarter in the previous year, the company posted $0.44 EPS. Credit Suisse Group AG reissued an "underweight" rating on shares of JetBlue Airways Corp.in a research note on Saturday, June 25th. Also, CEO Robin Hayes sold 2,000 shares of the firm's stock in a transaction on Monday, October 10th. Exane Derivatives now owns 6,623 shares of the company's stock valued at $110,000 after buying an additional 4,200 shares during the last quarter. The disclosure for this sale can be found here. Nisa Investment Advisors LLC boosted its stake in shares of JetBlue Airways Corp.by 128.6% in the third quarter. The Hedge Fund company now holds 240,658 shares of JBLU which is valued at $4,298,152.
Institutional sponsorship just refers to ownership of a stock by mutual funds, banks, pension funds and other large institutions. Cribstone Capital Management LLC bought a new stake in shares of JetBlue Airways Corp. during the second quarter worth about $115,000. Acrospire Investment Management LLC now owns 6,500 shares of the company's stock valued at $108,000 after buying an additional 1,200 shares during the last quarter. LLC boosted its position in JetBlue Airways Corp.by 0.3% in the second quarter. The 1 year EPS growth rate is 2.25. Public Employees Retirement Association of Colorado now owns 10,340 shares of the company's stock worth $171,000 after buying an additional 286 shares during the last quarter. Exane Derivatives raised its stake in shares of JetBlue Airways Corp.by 173.3% in the second quarter.
JetBlue Airways Corporation is a passenger carrier company. The Firm provides air transportation services across the United States, the Caribbean and Latin America. It also provides premium transcontinental product called Mint. The Company operates Airbus A321 Airbus A320 and EMBRAER 190 aircraft types.