JetBlue Airways Corporation Can’t Be More Safe. Option Traders Like It

 JetBlue Airways Corporation Can't Be More Safe. Option Traders Like It

In today’s session JetBlue Airways Corporation (JBLU) registered an unusually high (27,836) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious JBLU increase. With 27,836 contracts traded and 41264 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: JBLU161216C00020000 closed last at: $0.45 or 28.6% up. About 1.36 million shares traded hands. JetBlue Airways Corporation (NASDAQ:JBLU) has declined 11.29% since March 14, 2016 and is downtrending. It has underperformed by 16.90% the S&P500.

Analysts await JetBlue Airways Corporation (NASDAQ:JBLU) to report earnings on October, 25. They expect $0.57 earnings per share, down 1.72% or $0.01 from last year’s $0.58 per share. JBLU’s profit will be $180.47M for 7.79 P/E if the $0.57 EPS becomes a reality. After $0.53 actual earnings per share reported by JetBlue Airways Corporation for the previous quarter, Wall Street now forecasts 7.55% EPS growth.

JetBlue Airways Corporation (NASDAQ:JBLU) Ratings Coverage

Out of 7 analysts covering Jetblue Airways (NASDAQ:JBLU), 5 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 71% are positive. $43 is the highest target while $21 is the lowest. The $27.57 average target is 55.32% above today’s ($17.75) stock price. Jetblue Airways has been the topic of 13 analyst reports since July 29, 2015 according to StockzIntelligence Inc. Imperial Capital initiated JetBlue Airways Corporation (NASDAQ:JBLU) rating on Friday, September 16. Imperial Capital has “Outperform” rating and $21 price target. The stock of JetBlue Airways Corporation (NASDAQ:JBLU) earned “Buy” rating by Argus Research on Tuesday, September 8. The stock has “Hold” rating given by Evercore on Friday, September 4. The company was maintained on Wednesday, July 29 by Imperial Capital. The stock of JetBlue Airways Corporation (NASDAQ:JBLU) earned “Overweight” rating by Barclays Capital on Friday, April 15. The stock has “Equal-Weight” rating given by Barclays Capital on Thursday, September 17. Cowen & Co upgraded it to “Outperform” rating and $24 target price in Wednesday, April 27 report. The firm has “Neutral” rating by JP Morgan given on Tuesday, October 13. The firm has “Neutral” rating given on Wednesday, October 28 by Credit Suisse. The rating was upgraded by Evercore to “Buy” on Friday, January 29.

According to Zacks Investment Research, “JetBlue Airways is a low-fare, low-cost passenger airline, which provides high-quality customer service primarily on point-to-point routes and is based in New York’s John F. Kennedy International Airport.”

Insitutional Activity: The institutional sentiment increased to 0.91 in Q2 2016. Its up 0.05, from 0.86 in 2016Q1. The ratio increased, as 68 funds sold all JetBlue Airways Corporation shares owned while 124 reduced positions. 44 funds bought stakes while 131 increased positions. They now own 251.88 million shares or 5.90% less from 267.66 million shares in 2016Q1.
The Pennsylvania-based Ajo Lp has invested 0.01% in JetBlue Airways Corporation (NASDAQ:JBLU). The United Kingdom-based Hsbc Pcl has invested 0% in JetBlue Airways Corporation (NASDAQ:JBLU). Vident Investment Advisory Llc has 94,678 shares for 0.22% of their US portfolio. Teachers Retirement System Of The State Of Kentucky, a Kentucky-based fund reported 224,138 shares. Citigroup, a New York-based fund reported 1.17M shares. Of Vermont holds 0% or 300 shares in its portfolio. Lazard Asset Mgmt Limited Liability has 85,219 shares for 0% of their US portfolio. Wellington Mgmt Gru Ltd Liability Partnership last reported 0.02% of its portfolio in the stock. Princeton Alpha Management L P last reported 0.07% of its portfolio in the stock. Bowling Portfolio Limited Liability Corporation accumulated 73,139 shares or 0.2% of the stock. Moreover, Gateway Investment Advisers Ltd Liability Com has 0.05% invested in JetBlue Airways Corporation (NASDAQ:JBLU) for 350,474 shares. Raymond James Services Advsrs Inc, a Florida-based fund reported 29,974 shares. Palisade Management Llc Nj holds 0.02% of its portfolio in JetBlue Airways Corporation (NASDAQ:JBLU) for 29,010 shares. Allianz Asset Mngmt Ag holds 0.02% or 2.61M shares in its portfolio. Moreover, Reilly Fincl Advisors Ltd Liability Corp has 0.01% invested in JetBlue Airways Corporation (NASDAQ:JBLU) for 2,000 shares.

Insider Transactions: Since April 29, 2016, the stock had 0 buys, and 15 insider sales for $1.94 million net activity. $80,904 worth of JetBlue Airways Corporation (NASDAQ:JBLU) was sold by Hayes Robin on Wednesday, July 6. Another trade for 13,500 shares valued at $260,440 was made by CHECKETTS DAVID W on Thursday, May 5. Shares for $91,363 were sold by PETERSON JOEL CLINTON on Monday, June 6. On Monday, August 15 HNAT JAMES G sold $17,081 worth of the stock or 1,000 shares. St George Martin J sold $155,073 worth of stock or 9,000 shares.

JetBlue Airways Corporation is a passenger carrier company. The company has a market cap of $5.62 billion. The Firm provides air transportation services across the United States, the Caribbean and Latin America. It has a 7.89 P/E ratio. It operates various types of aircrafts, including Airbus A321, Airbus A320 and Embraer E190.

JBLU Company Profile

JetBlue Airways Corporation (JetBlue), incorporated on August 24, 1998, is a passenger carrier company. The Firm provides air transportation services across the United States, the Caribbean and Latin America. The Firm operates various types of aircrafts, including Airbus A321, Airbus A320 and Embraer E190. It also provides premium transcontinental product called Mint. Mint includes approximately 20 fully lie-flat seats, over four of which are in suites with a privacy door. The Firm has installed Fly-Fi in-flight Internet service across its Airbus fleet. The Firm provides three branded fares: Blue, Blue Plus and Blue Flex. Each of these fares include different offerings, such as free checked bags, reduced change fees and additional TrueBlue points. The Firm also accepts Apple Pay in-flight, which enables the iPhone users to use their phones for all onboard purchases. The Company’s Airbus A321 aircraft in a single cabin layout has approximately 190 seats and those with its Mint offering have over 160 seats. The Company’s Airbus A320 aircraft has approximately 150 seats while its Embraer E190 aircraft has over 100 seats.

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