TD Cowen Reaffirms Their Hold Rating on JetBlue Airways (JBLU)
In a report released today, Thomas Fitzgerald CFA from TD Cowen maintained a Hold rating on JetBlue Airways, with a price target of $5.00.
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According to TipRanks, Fitzgerald CFA is a 4-star analyst with an average return of 13.7% and a 65.69% success rate. Fitzgerald CFA covers the Industrials sector, focusing on stocks such as JetBlue Airways, Southwest Airlines, and Delta Air Lines.
In addition to TD Cowen, JetBlue Airways also received a Hold from Citi’s John Godyn in a report issued on May 14. However, yesterday, UBS maintained a Sell rating on JetBlue Airways (NASDAQ: JBLU).
Based on JetBlue Airways’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.24 billion and a GAAP net loss of $319 million. In comparison, last year the company earned a revenue of $2.14 billion and had a GAAP net loss of $208 million
Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of JBLU in relation to earlier this year. Earlier this month, Thomas Winkelmann, a Director at JBLU sold 35,473.00 shares for a total of $166,856.89.
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