Stifel Nicolaus Reaffirms Their Hold Rating on JetBlue Airways

By Jason Carr

In a report issued on May 25, Joseph DeNardi from Stifel Nicolaus reiterated a Hold rating on JetBlue Airways (NASDAQ: JBLU), with a price target of $23. The company’s shares closed yesterday at $22.95, close to its 52-week high of $23.15.

According to TipRanks.com, DeNardi is a 3-star analyst with an average return of 9.2% and a 68.4% success rate. DeNardi covers the Services sector, focusing on stocks such as Allegiant Travel Company, Southwest Airlines, and United Continental.

JetBlue Airways has an analyst consensus of Moderate Buy, with a price target consensus of $27.

Based on JetBlue Airways’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $1.6 billion and quarterly net profit of $85 million. In comparison, last year the company earned revenue of $1.62 billion and had a net profit of $199 million.

Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is negative on the stock. Earlier this month, James Hnat, the EVP & GC of JBLU sold 15,000 shares for a total of $324,900.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

JetBlue Airways Corp. provides air transportation services. It carries more than 30 million customers a year to 86 cities in the U.S., Caribbean, and Latin America with an average of 850 daily flights. The company offers flights and tickets to more than 82 destinations, with accommodations such as free TV, free snacks, and most legroom. JetBlue Airways was founded by David Gary Neeleman in August 1998 and is headquartered in Long Island City, NY.