ValuEngine Upgrades JetBlue To STRONG BUY

For today’s bulletin, we take a look at our latest STRONG BUY and BUY upgrades and focus on one of our top upgrades for the day, JetBlue $JBLU. We also provide a link to download a FREE STOCK REPORT on the company.

VALUATION WATCH: Overvalued stocks now make up 58.15% of our stocks assigned a valuation and 22.11% of those equities are calculated to be overvalued by 20% or more. Because overvaluation has declined below 60%, we have rescinded our latest Valuation Watch. Thirteen sectors are calculated to be overvalued.

For today’s edition of our upgrade list, we used our website’s advanced screening functions to search for UPGRADES to BUY or STRONG BUY with complete forecast and valuation data. They are presented by one-month forecast return. JetBlue is rated a STRONG BUY. The rest of today’s upgrades are rated BUY.

Ticker Company Name Market Price Valuation Last 12-M Return 1-M Forecast Return 1-Yr Forecast Return P/E Ratio Sector Name
JBLU JETBLUE AIRWAYS 22.08 18.28% 1.15% 1.08% 12.95% 12.22 Transportation
PIR PIER 1 IMPORTS 5.24 0.69% -23.28% 0.49% 5.89% 14.16 Retail-Wholesale
MTSI MA-COM TECH SOL 32.26 37.27% -39.38% 0.49% 5.83% 22.51 Computer and Technology
SMLP SUMMIT MIDSTRM 19.75 -8.38% -12.22% 0.46% 5.56% 11.90 Oils-Energy
MLHR HERMAN MILLER 34.2 4.14% 0.44% 0.46% 5.47% 15.69 Business Services

For today’s bulletin, we take a look at JetBlue Airways Corporation (JBLU). JetBlue Airways Corporation 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. .JetBlue carries more than 38 million customers a year to 101 cities in the U.S., Caribbean, and Latin America with an average of 1,000 daily flights.

JetBlue is one of those airlines passengers either love, or hate. Low cost, but low frills. And, like so many airlines these days, the company is constantly trying to squeeze more money from ever more-crowded planes where passengers are –literally– being squeezed more-and-more with every new seating arrangement.

We’ve seen some good days for airlines over the past year or two, as their money-making schemes increase the bottom line. However, JetBlue did not necessarily reflect this in their last quarterly earnings report. Back in October, the company reported operating income of $310 million, a decrease of 12.4% from the third quarter of 2016. Pre-tax income of $293 million, a decrease of 11.2% from the third quarter of 2016. Third quarter net income of $179 million, or $0.55 per diluted share. This compares to JetBlue’s third quarter 2016 net income of $199 million, or $0.58 per diluted share.

Company CEO Robin Hayes had a variety of explanations for this reduced performance. Hayes noted that

third quarter results were impacted by two hurricanes that reduced our EPS by approximately 6 cents. We are confident that the adjustments we are making to our network will limit any ongoing financial impact in 2018. Despite the short-term challenges, we remain focused on our long-term margin commitments to our shareholders. I’d like to thank our 21,000 Crew members in our operation and support centers, who successfully managed the unprecedented challenge of over 30 consecutive days of irregular operations

Looking forward to the next quarter and the rest of the year, JetBlue management expects capacity to increase between 4.5% and 5.5% year over year in the fourth quarter 2017. For the full year 2017, JetBlue expects capacity to increase between 4.0% and 5.0%. Revenue per available seat mile (RASM) growth is expected to range between (3.0%) and 0.0% for the fourth quarter 2017 compared to the same period in 2016. Cost per available seat mile (CASM) excluding fuel is expected to grow between 5.0% and 7.0% for the fourth quarter of 2017. For the full year 2017, JetBlue expects year over year CASM excluding fuel to grow between 4.0% and 5.0%.

Below is our latest data for JetBlue Airways Corporation (JBLU):

ValuEngine updated its recommendation from BUY to STRONG BUY for JETBLUE AIRWAYS on 2017-12-11. Based on the information we have gathered and our resulting research, we feel that JETBLUE AIRWAYS has the probability to OUTPERFORM average market performance for the next year. The company exhibits ATTRACTIVE P/E Ratio and Sharpe Ratio.

You can download a free copy of detailed report on JetBlue Airways Corporation (JBLU) from the link below.

ValuEngine Forecast
1-Month 22.43 1.09%
3-Month 22.92 3.27%
6-Month 23.21 4.60%
1-Year 25.10 13.12%
2-Year 28.50 28.46%
3-Year 31.99 44.18%
Valuation & Rankings
Valuation 18.80% overvalued Valuation Rank(?) 24
1-M Forecast Return 1.09% 1-M Forecast Return Rank 99
12-M Return 2.64% Momentum Rank(?) 43
Sharpe Ratio 0.94 Sharpe Ratio Rank(?) 88
5-Y Avg Annual Return 28.59% 5-Y Avg Annual Rtn Rank 93
Volatility 30.51% Volatility Rank(?) 51
Expected EPS Growth 1.48% EPS Growth Rank(?) 21
Market Cap (billions) 6.48 Size Rank 84
Trailing P/E Ratio 12.28 Trailing P/E Rank(?) 88
Forward P/E Ratio 12.10 Forward P/E Ratio Rank 75
PEG Ratio 8.32 PEG Ratio Rank 4
Price/Sales 0.94 Price/Sales Rank(?) 72
Market/Book 1.56 Market/Book Rank(?) 65
Beta 0.66 Beta Rank 56
Alpha -0.06 Alpha Rank 42


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