JetBlue Airways Corp. (NASDAQ:JBLU) has earned a consensus rating of “Buy” from the fifteen brokerages that are presently covering the firm. One analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $20.79.
Several research analysts have weighed in on JBLU shares. JPMorgan Chase & Co. cut their price objective on JetBlue Airways Corp. from $24.50 to $21.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 27th. Morgan Stanley reissued a “hold” rating and issued a $19.00 price objective on shares of JetBlue Airways Corp. in a research report on Sunday, August 21st. Vetr raised JetBlue Airways Corp. from a “buy” rating to a “strong-buy” rating and set a $19.52 price objective on the stock in a research report on Monday, September 19th. Credit Suisse Group AG reissued an “underweight” rating on shares of JetBlue Airways Corp. in a research report on Saturday, June 25th. Finally, Imperial Capital started coverage on JetBlue Airways Corp. in a research report on Friday, September 16th. They issued an “outperform” rating and a $21.00 price objective on the stock.
In other JetBlue Airways Corp. news, CEO Robin Hayes sold 5,000 shares of JetBlue Airways Corp. stock in a transaction that occurred on Wednesday, July 6th. The shares were sold at an average price of $16.18, for a total transaction of $80,900.00. Following the completion of the sale, the chief executive officer now directly owns 359,881 shares in the company, valued at $5,822,874.58. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP James G. Hnat sold 10,000 shares of JetBlue Airways Corp. stock in a transaction that occurred on Friday, September 16th. The shares were sold at an average price of $17.27, for a total transaction of $172,700.00. The disclosure for this sale can be found here. Corporate insiders own 0.70% of the company’s stock.
A number of large investors have recently made changes to their positions in JBLU. Norges Bank bought a new stake in shares of JetBlue Airways Corp. during the fourth quarter valued at about $33,966,000. Sigma Planning Corp raised its stake in shares of JetBlue Airways Corp. by 4.5% in the first quarter. Sigma Planning Corp now owns 13,886 shares of the company’s stock valued at $293,000 after buying an additional 596 shares during the last quarter. OLD National Bancorp IN raised its stake in shares of JetBlue Airways Corp. by 4.2% in the first quarter. OLD National Bancorp IN now owns 43,618 shares of the company’s stock valued at $921,000 after buying an additional 1,744 shares during the last quarter. Quantitative Systematic Strategies LLC bought a new stake in shares of JetBlue Airways Corp. during the first quarter valued at about $1,325,000. Finally, Sumitomo Life Insurance Co. raised its stake in shares of JetBlue Airways Corp. by 65.9% in the first quarter. Sumitomo Life Insurance Co. now owns 59,660 shares of the company’s stock valued at $1,260,000 after buying an additional 23,692 shares during the last quarter. Institutional investors and hedge funds own 79.66% of the company’s stock.
JetBlue Airways Corp. (NASDAQ:JBLU) opened at 17.27 on Wednesday. The company has a market cap of $5.59 billion, a PE ratio of 7.67 and a beta of 0.44. JetBlue Airways Corp. has a 12 month low of $14.76 and a 12 month high of $27.09. The company has a 50 day moving average price of $16.67 and a 200-day moving average price of $18.17.
JetBlue Airways Corp. (NASDAQ:JBLU) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.04. JetBlue Airways Corp. had a return on equity of 22.84% and a net margin of 11.73%. The business earned $1.60 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the prior year, the company posted $0.44 earnings per share. JetBlue Airways Corp.’s revenue was up 1.9% compared to the same quarter last year. Equities analysts predict that JetBlue Airways Corp. will post $2.19 earnings per share for the current fiscal year.
About JetBlue Airways Corp.
JetBlue Airways Corporation is a passenger carrier company. The Company provides air transportation services across the United States, the Caribbean and Latin America. It operates various types of aircrafts, including Airbus A321, Airbus A320 and Embraer E190. It also provides premium transcontinental product called Mint.
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