JetBlue Airways Corporation (NASDAQ:JBLU) is now being followed by Vertical Research, as they initiated the stock at Hold on February 04. Analysts at JP Morgan, shed their positive views on January 10 by lowering it fromOverweight to Neutral. Brokerage firm Imperial Capital, looks cautious as they stick to prior recommendation of Outperform, in a call on January 09. However, they did change the target price from $27 to $25. Imperial Capital, reiterated their call for Outperform, on December 04. On the other hand, they had set new target price to $27 versus $24.
JetBlue Airways Corporation (JBLU) hit an intraday high Tuesday at $18.36. The shares finished at $17.89, after trading as low as $17.85 earlier in the session. It dropped -2.03% in recent trade and currently has a stock-market value of $5.44B. Trading activity significantly weakened as the volume at ready counter decreased to 4,126,310 shares versus 4,496,740 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 4,455,652 shares. The stock is now 17.77% above against its bear-market low of $15.19 on December 24, 2018. It has retreated -27.45% since it’s 52-week high of $22.8 reached in March. Now the market price is down -10.06% on the year and up 11.39% YTD.
JBLU’s 50 day simple moving average (SMA 50) price is $17.4 and its 200-day simple moving average (SMA 200) price is $18.29. The company’s stock currently has a total float of 302.36M shares. Its weekly volatility is hovering around 1.71% and felt 2.39% volatility in price over a month. On the upside, the share price will test short term resistance at around $18.22. On a downside, the stock is likely to find some support, which begins at $17.71. The failure to get near-term support could push it to $17.52.
Separately, it has been reported that multiple insider activity took place at JetBlue Airways Corporation (JBLU). CEO Hayes Robin sold 2,500 shares for $429,156 in transaction occurred on 2019/02/11. After making this transaction, the CEO owns a direct stake of 45,450 shares, worth $7,677,601, as per the last closing price. On 2019/01/10 Hayes Robin, CEO at JBLU, dumped 2,500 shares at an average price of $16.16 per share. The selling total is valued at $7,722,326.
CEO, Hayes Robin had divested 2,500 shares for $434,156 through a trade on 2018/12/13. Following this activity, the insider holds 44,250 shares worth $7,767,051 as of recent close. Wall Street’s most bullish JetBlue Airways Corporation (NASDAQ:JBLU) analysts are predicting the share price to blow past $27 per share during the next 12 months. The current median share price forecast by them is $20, suggesting that the stock could increase 11.79% in that time frame. The average price target of $21.12 calls for a nearly 18.05% increase in the stock price.
When looking at valuations, JetBlue Airways Corporation (JBLU) has a pricey P/E of 27.19x as compared to industry average of 13.44x. Moreover, it trades for 7.69 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 1.25x price/book and 0.71x price/sales. Compared to others, JetBlue Airways Corporation is in a different league with regards to profitability, having net margins of 10.5%. To put some perspective around this, the industry’s average net margin is 6.03%. JBLU’s ROE is 17.5%, which is also considerably better than the industry’s ROE of 13.23%. It’s also not liquid in the near term, with a current ratio of 0.6. The stock has a debt/capital of 0.36.
Shares of JetBlue Airways Corporation (JBLU) have gained 5.9% since the company’s last earnings report. Over the past 12 fiscal quarters, JetBlue Airways Corporation (NASDAQ:JBLU) has topped consensus earnings estimates in 10 quarters (83%), missed earnings in 2 quarters (16%), whereas at 0 occasion EPS met analyst expectations. JBLU last reported earnings on January 24, 2019 when it released Dec-18 results that exceeded expectations. The company raked in $0.5 per share, -97.18% change on the same period last year. That was better than consensus for $0.42. Revenue for the recent quarter stood at $1.97 billion, up 12% on last year and above the $1.96 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $1.89 billion to $1.93 billion, which should be compared with $1.85 billion generated last year. EPS is seen in a range of $0.2 to $0.3, against the $0.25 reported a year ago.