JetBlue Airways Corporation (JBLU): Today's Featured Transportation Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

JetBlue Airways Corporation ( JBLU) pushed the Transportation industry lower today making it today's featured Transportation laggard. The industry as a whole closed the day up 0.7%. By the end of trading, JetBlue Airways Corporation fell $0.09 (-1.1%) to $8.32 on average volume. Throughout the day, 4,979,964 shares of JetBlue Airways Corporation exchanged hands as compared to its average daily volume of 5,777,700 shares. The stock ranged in price between $8.30-$8.48 after having opened the day at $8.44 as compared to the previous trading day's close of $8.41. Other companies within the Transportation industry that declined today were: Frontline ( FRO), down 5.8%, Republic Airways Holdings ( RJET), down 4.3%, Quality Distribution ( QLTY), down 3.6% and Teekay Tankers ( TNK), down 3.3%.

JetBlue Airways Corporation, a passenger airline company, provides air transportation services. JetBlue Airways Corporation has a market cap of $2.4 billion and is part of the services sector. The company has a P/E ratio of 21.9, above the S&P 500 P/E ratio of 17.7. Shares are up 49.6% year to date as of the close of trading on Wednesday. Currently there is 1 analyst that rates JetBlue Airways Corporation a buy, 3 analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates JetBlue Airways Corporation as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, revenue growth, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the positive front, Globus Maritime ( GLBS), up 12.2%, Sino-Global Shipping America ( SINO), up 11.8%, Navios Maritime Holdings ( NM), up 9.6% and FreeSeas ( FREE), up 9.3% , were all gainers within the transportation industry with US Airways Group ( LCC) being today's featured transportation industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the transportation industry could consider iShares Dow Jones Transportation ( IYT) while those bearish on the transportation industry could consider ProShares UltraShort Industrials ( SIJ).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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