JBLU stock: buy or sell?
August 19th, 2019
JetBlue Airways Corporation, a passenger carrier company, provides air transportation services. As of December 31, 2017, the company operated a fleet of 53 Airbus A321 aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft.
Should I buy JBLU stock?Trading stocks requires experience and discipline, and your buying and selling decisions must come following a methodology. That's why is so important to define your own trading plan that matches with your character as inversor. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.
None of our preferred buy setups matches with JetBlue Airways stock situation right now, therefore this is not a suitable entry point.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is JetBlue Airways stock a buy?
Financial institutions and banks publish stock ratings everyday.At Stocks2.com, we detected 15 ratings published for JBLU stock in the last month. The general sentiment of these ratings is bullish for JBLU stock, with 8 positive ratings.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-7-8||Credit Suisse Group||Underperform||Neutral|
|2019-7-24||Credit Suisse Group||n/a||Neutral|
|2019-4-4||Bank of America||Underperform||Underperform|
|2019-1-10||JPMorgan Chase & Co.||Overweight||Neutral|
JBLU stock analysis
JetBlue Airways shares stayed constant -0.33% to $18.34 today.
JetBlue Airways shares stayed steady -0.33% to $18.34 today. Since SMA100d and SMA200d crossed up on July/10, JBLU price slid a -3.42%. Since price and SMA200d lines crossed up on June, JBLU climbed $1.10 (6.38%).
After sliding a chilling -5.71% in a week last week, JetBlue Airways closed this week at $18.34 and stayed stable an unpleasant -0.33%.
Since late June when SMA20w and SMA40w crossed up, JBLU price slipped $-0.25 per share (-1.34%). Since price and SMA40w lines crossed up early June, JBLU climbed $1.11 (6.44%).
JBLU stock price history
JBLU IPO was on April 12th, 2002 at $11.12 per share1. Since then, JBLU stock grew a 64.90%, with a yearly average of 3.80%. If you had invested $1,000 in JBLU stock in 2002, it would worth $649.00 today.
1: Adjusted price after possible price splits or reverse-splits.
JBLU stock historical price chart
JBLU stock reached 52-week highs on September at $20.14, and all-time highs 2003-10-09 with a price of 31.43.
JBLU stock price target is $23.10How much a stock will be priced tomorrow or next week is quite unpredictable However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. We detected 10 price forecasts for JBLU stock published in the last month:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-7-24||Credit Suisse Group||Raises Target||$19.00||$20.00||5.3%|
|2019-7-16||Buckingham Research||Raises Target||$20.00||$21.00||5%|
|2019-6-20||Imperial Capital||Raises Target||$24.00||$26.00||8.3%|
|2019-4-4||Bank of America||Reiterates||$19.00||$16.00||-15.8%|
|2019-3-8||Imperial Capital||Lowers Target||$25.00||$23.00||-8%|
|2019-1-9||Imperial Capital||Lowers Target||$27.00||$25.00||-7.4%|
Financials and fundamental analysis
Earnings date and Earnings per ShareSince last April, when JetBlue Airways posted its last earnings report, it jumped a shining 8.14%. As soon as we get its posted EPS from the earnings report, we will extend this review.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared to 2017, last anual sales report draw a wonderful growth of 9.21% to $7,658.00 million dollars. However, its profit margin (compared to sales) collapsed to 2.45%, that is $188.00 million. To have an updated picture of the financial situation of JetBlue Airways, we have calculated the trailing twelve month (TTM) sales and income figures. TTM values are the sum of the last 4 quarters and aproximate to an annual fiscal report ending in 2019-Q1 that can be compared to 2018 fiscal year results. Annual JetBlue Airways TTM sales up to March 2019 were $7,775.00 and earnings were $141.00 M USD. If we compare this TTM figures with the last reported annuality, we can esteem JetBlue Airways business evolution since December 2018: Annual revenues up to March, compared to lastest yearly report, gained a slightly good 1.53%. Regarding profit margin, JetBlue Airways remained stable -0.64% to 2.45%
|2013||$5,440 M||-||$168 M3.1%||-|
|2014||$5,817 M||6.93%||$401 M6.9%||138.69%|
|2015||$6,416 M||10.30%||$677 M10.6%||68.83%|
|2016||$6,632 M||3.37%||$759 M11.4%||12.11%|
|2017||$7,012 M||5.73%||$1,125 M16.0%||48.22%|
|2018||$7,658 M||9.21%||$188 M2.5%||-83.29%|
|TTM||$7,775 M||1.53%||$141 M1.8%||-25.00%|
Quarterly financial resultsJetBlue Airways reported $1,871.00 M in sales for 2019-Q1, a -4.93% less compared to previous quarter. Reported quarter income marked $42.00 million with a profit margin of 2.24%. Profit margin eased a -6.34% compared to previous quarter when profit margin was 8.59%. When comparing sales to same quarter last year, JetBlue Airways sales marked an excellent gain and soared a 6.67%. Looking back to recent quarterly results, JetBlue Airways posted 2 positive quarters in a row.
|2017-Q2||$1,840 M||-||$211 M11.5%||-|
|2017-Q3||$1,810 M||-1.63%||$179 M9.9%||-15.17%|
|2017-Q4||$1,761 M||-2.71%||$677 M38.4%||278.21%|
|2018-Q1||$1,754 M||-0.40%||$88 M5.0%||-87.00%|
|2018-Q2||$1,928 M||9.92%||$-120 M-6.2%||-236.36%|
|2018-Q3||$2,008 M||4.15%||$50 M2.5%||-141.67%|
|2018-Q4||$1,968 M||-1.99%||$169 M8.6%||238.00%|
|2019-Q1||$1,871 M||-4.93%||$42 M2.2%||-75.15%|
JetBlue Airways ownershipWhen you are planning to buy a stock, it's always worth to overview its ownership structure.
JetBlue Airways shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 0.78% of all shares.
Bearish positions for JBLU stock account 0.00%, no big difference from last month.
For a better context understanding, the following table shows ownership data compared to other related companies:
|Market cap||$5.7 B||$11.9 B||$2.3 B||$0.0 M||$38.0 B|
|Total shares||312.9 M||460.6 M||16.3 M||0.0 M||654.7 M|
|Float shares||295.3 M||396.1 M||11.4 M||122.8 M||574.5 M|
|- Institutional holdings (%)||94.7%||7.8%||81.5%||89.7%||0.0%|
|- Insider holdings (%)||0.8%||39.8%||20.8%||0.4%||49.6%|
|Shares in short selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Monday, August 19th, 2019|
|Day range||$18.33 - $18.62|
|Average true range||$0.45|
|50d mov avg||$18.97|
|100d mov avg||$18.26|
|200d mov avg||$17.80|
JetBlue Airways performanceTo better understand JetBlue Airways performance you must compare its gains with other related stocks in same sector or industry. We compared JetBlue Airways against American Airlines, Allegiant Travel, Alaska Air, Delta Air Lines, Hawaiian, Southwest Airlines, Spirit Airlines, SkyWest and United Continental in the following table:
|DALDelta Air Lines||6.42%||15.85%||7.01%|