Imperial Capital Initiates Coverage on JetBlue Airways Corporation to Outperform

Imperial Capital Initiates Coverage on JetBlue Airways Corporation(NASDAQ:JBLU). The shares have been rated Outperform. The rating by Imperial Capital was issued on Sep 16, 2016.

In a different note, On Jul 27, 2016, JP Morgan said it Maintains its rating on JetBlue Airways Corporation. In the research note, the firm Lowers the price-target to $24.50 per share. The shares have been rated ‘Neutral’ by the firm.

JetBlue Airways Corporation (JBLU) made into the market gainers list on Thursdays trading session with the shares advancing 0.64% or 0.11 points. Due to strong positive momentum, the stock ended at $17.3, which is also near the day’s high of $17.65. The stock began the session at $17.34 and the volume stood at 63,05,818 shares. The 52-week high of the shares is $27.16 and the 52 week low is $14.76. The company has a current market capitalization of $5,599 M and it has 32,36,34,900 shares in outstanding.

JetBlue Airways Corporation(JBLU) last announced its earnings results on Jul 26, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.64B. Analysts had an estimated revenue of $1.65B. Earnings per share were $0.53. Analysts had estimated an EPS of $0.49.

Several Insider Transactions has been reported to the SEC. On Sep 6, 2016, Joel Clinton Peterson (director) sold 5,120 shares at $15.81 per share price.Also, 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.

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