Opinion

JetBlue Airways Corporation (NASDAQ:JBLU) Analyst Opinion

JetBlue Airways Corporation (NASDAQ:JBLU) stock is presently standing at about $20.04 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 13 analysts covering the company is $25.00, which suggests the stock could still rise over 20 percent. The highest analyst price target is $33.00, which implies a rally of 35 percent. And a quick view of analyst notes show that 6 are rating the stock a buy while 2 rate JBLU a strong buy. There are 6 equity research firms advocating a Hold and 1 consider it Sell.

Argus analysts provided their view on JetBlue Airways Corporation (NASDAQ:JBLU) recently. The rating firm issued a Hold rating to this company in a research note released on Jan 27, 2017. JP Morgan analysts disclosed their opinion on JetBlue Airways Corporation (NASDAQ:JBLU) recently. The rating firm gave a Overweight rating to this stock in a research note published on Jan 25, 2017. According to a research note disclosed on Dec 21, 2016, analysts at Raymond James have lowered their rating on these shares from Outperform to Mkt Perform.

JetBlue Airways Corporation (NASDAQ:JBLU) Transactions Roundup

Several insiders were part of recent insider activity for the stock. Its EVP & General Counsel HNAT JAMES G sold 9,127 company shares for 186280, in a transaction on 2017-03-13. Following the transaction, the EVP & General Counsel is left with a stake of 26,932 shares, currently valued at $539717. Meanwhile, CEO and President Hayes Robin sold 2,000 shares worth $40360, through a transaction dated 2017-03-01. Following the completion of the transaction, the insider is left with a stake of 386,118 shares, amounting $7737804.72. JBLU Director PETERSON JOEL CLINTON also sold 5,120 shares, at a stock price of $19.56. This transaction occurred on 2017-02-01 totals $100150. After this transaction, the insider’s stake stands at 574,173 shares, with a market value of $11506427.

Executives hold 0.90 percent of the stock. David Barger is one of the biggest insider owners in JetBlue Airways Corporation (NASDAQ:JBLU), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 830,544 shares which have current market value of around $16644101.76.Joel C. Peterson is another major inside shareholder in the company. The insider owns 579,282 shares as of 0.17%, currently worth $11608811.28. Robin Hayes is ranked as third insider holder of the stock. This insider holds 388,118 shares with a market value around $7777884.72 as of recent close.

JetBlue Airways Corporation (NASDAQ:JBLU) Earnings Outlook

In JetBlue Airways Corporation (NASDAQ:JBLU)’s latest quarter, EPS moved to $0.50 from $0.58 in preceding quarter and revenues reached at $1,641.00M compared to $1,732.00M. Analysts had expected JetBlue Airways Corporation (NASDAQ:JBLU) to post net income of about $0.49 per share on $1,640.22M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $0.19 to $0.39. That is compared with the $0.59 in EPS it reported during the same period a year ago.

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