JetBlue Airways Corporation (JBLU) is Initiated by Imperial Capital to Outperform, Price Target at $21

JetBlue Airways Corporation (JBLU) was Initiated by Imperial Capital to “Outperform” and the brokerage firm has set the Price Target at $21. Imperial Capital advised their investors in a research report released on Sep 16, 2016.

On the company’s financial health, JetBlue Airways Corporation reported $0.53 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jul 26, 2016. Analyst had a consensus of $0.49. The company had revenue of $1643.00 million for the quarter, compared to analysts expectations of $1643.39 million. The company’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 EPS.

JetBlue Airways Corporation closed down -0.01 points or -0.06% at $17.18 with 6,965,324 shares getting traded on Wednesday. Post opening the session at $17.19, the shares hit an intraday low of $16.9035 and an intraday high of $17.24 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Sep 6, 2016, Joel Clinton Peterson (director) sold 5,120 shares at $15.81 per share price. According to the SEC, on Aug 16, 2016, James G Hnat (EVP & General Counsel) sold 1,000 shares at $17.08 per share price. On Jul 7, 2016, Robin Hayes (CEO and President) sold 5,000 shares at $16.18 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

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