JetBlue Airways Corporation (JBLU) was Reiterated by Imperial Capital to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 26 from a previous price target of $23 . Imperial Capital advised their investors in a research report released on Nov 22, 2016.
Many Wall Street Analysts have commented on JetBlue Airways Corporation. JetBlue Airways Corporation was Initiated by Citigroup to “Neutral” on Nov 18, 2016. Company shares were Reiterated by Imperial Capital on Oct 28, 2016 to “Outperform”, Firm has raised the Price Target to $ 23 from a previous price target of $21 .Imperial Capital Initiated JetBlue Airways Corporation on Sep 16, 2016 to “Outperform”, Price Target of the shares are set at $21.
On the company’s financial health, JetBlue Airways Corporation reported $0.58 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Oct 25, 2016. Analyst had a consensus of $0.60. The company had revenue of $1732.00 million for the quarter, compared to analysts expectations of $1725.78 million. The company’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.58 EPS.
JetBlue Airways Corporation closed down -0.01 points or -0.05% at $20.73 with 77,01,215 shares getting traded on Monday. Post opening the session at $20.7, the shares hit an intraday low of $20.45 and an intraday high of $20.86 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Nov 17, 2016, James G Hnat (EVP & General Counsel) sold 6,000 shares at $20.23 per share price. According to the SEC, on Nov 3, 2016, David W Checketts (director) sold 13,500 shares at $17.50 per share price. On Nov 3, 2016, Robin Hayes (CEO and President) sold 2,000 shares at $17.43 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.