JetBlue Airways Corporation (JBLU) is Upgraded by Cowen to Outperform, Price Target at $24

JetBlue Airways Corporation (JBLU) was Upgraded by Cowen to ” Outperform” and the brokerage firm has set the Price Target at $24. Earlier the firm had a rating of “Market Perform ” on the company shares. Cowen advised their investors in a research report released on Apr 27, 2016.

Many Wall Street Analysts have commented on JetBlue Airways Corporation. Shares were Upgraded by Barclays on Apr 15, 2016 to ” Overweight” and Lowered the Price Target to $ 26 from a previous price target of $29 .Shares were Reiterated by Deutsche Bank on Apr 1, 2016 to “Buy” and Lowered the Price Target to $ 31 from a previous price target of $32 .

On the company’s financial health, JetBlue Airways Corporation reported $0.59 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.53. The company had revenue of $1616.00 million for the quarter, compared to analysts expectations of $1617.26 million. The company’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 EPS.

JetBlue Airways Corporation closed down -0.09 points or -0.44% at $20.44 with 61,87,646 shares getting traded on Friday. Post opening the session at $20.02, the shares hit an intraday low of $19.85 and an intraday high of $20.45 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Apr 6, 2016, Robin Hayes (CEO and President) sold 5,000 shares at $20.32 per share price. According to the SEC, on Jan 6, 2016, Joel Clinton Peterson (director) sold 5,491 shares at $21.84 per share price. On Nov 3, 2015, James G Hnat (EVP & General Counsel) sold 4,000 shares at $25.35 per share price, according to the Form-4 filing with the securities and exchange commission.

JetBlue Airways Corporation is a passenger carrier company. The Company provides air transportation services across the United States Caribbean and Latin America. The Company operates Airbus A321 Airbus A320 and EMBRAER 190 aircraft types. The Company’s firm aircraft orders consists of approximately 33 Airbus A321 aircraft 25 Airbus A320 new engine option (A320neo) aircraft 45 Airbus A321 new engine option aircraft 24 EMBRAER 190 aircraft and 10 spare engines. It operates fleet which consists of approximately 13 Airbus A321 aircraft 130 Airbus A320 aircraft and 60 EMBRAER 190 aircraft. The Company served approximately 87 BlueCities in 27 states the District of Columbia the Commonwealth of Puerto Rico the United States Virgin Islands and 17 countries in the Caribbean and Latin America.

JetBlue Airways Corporation

Leave a Reply

JetBlue Airways Corporation - Is it time to Sell?

Top Brokerage Firms are advising their investors on JetBlue Airways Corporation. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.