JetBlue Airways Co. (NASDAQ:JBLU – Get Free Report) was the recipient of some unusual options trading activity on Thursday. Investors purchased 25,284 call options on the stock. This represents an increase of 95% compared to the typical daily volume of 12,961 call options.
JetBlue Airways Price Performance
Shares of JBLU stock opened at $5.30 on Friday. The stock has a 50 day moving average price of $5.55 and a 200 day moving average price of $6.05. JetBlue Airways has a 52-week low of $3.42 and a 52-week high of $7.58. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.50 and a current ratio of 0.54. The firm has a market capitalization of $1.80 billion, a P/E ratio of -2.15 and a beta of 1.93.
JetBlue Airways (NASDAQ:JBLU – Get Free Report) last released its earnings results on Tuesday, July 30th. The transportation company reported $0.08 earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.26. JetBlue Airways had a negative return on equity of 10.29% and a negative net margin of 10.18%. The business had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same period last year, the company earned $0.45 earnings per share. The business’s revenue for the quarter was down 8.0% compared to the same quarter last year. As a group, sell-side analysts predict that JetBlue Airways will post -1.1 earnings per share for the current year.
Institutional Inflows and Outflows
Wall Street Analysts Forecast Growth
Several research analysts recently commented on the company. Citigroup dropped their price target on JetBlue Airways from $6.90 to $6.50 and set a “neutral” rating for the company in a research report on Wednesday, May 29th. TD Cowen lifted their target price on JetBlue Airways from $5.00 to $6.00 and gave the stock a “hold” rating in a report on Friday. Five research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $5.75.
View Our Latest Report on JBLU
About JetBlue Airways
JetBlue Airways Corporation provides air transportation services. The company operates a fleet of Airbus A321, Airbus A220, Airbus A321neo, Airbus A320 Restyled, Airbus A320, Airbus A321 with Mint, Airbus A321neo with Mint, Airbus A321neoLR with Mint, and Embraer E190 aircraft. It also serves 100 destinations across the United States, the Caribbean and Latin America, Canada, and Europe.
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