Vetr upgraded shares of JetBlue Airways Corp. (NASDAQ:JBLU) from a buy rating to a strong-buy rating in a research report report published on Tuesday morning. The firm currently has $20.12 price objective on the stock.
A number of other equities analysts have also recently commented on JBLU. Cowen and Company reaffirmed a buy rating and issued a $23.00 target price on shares of JetBlue Airways Corp. in a report on Monday, June 13th. Raymond James Financial Inc. reaffirmed an outperform rating on shares of JetBlue Airways Corp. in a report on Wednesday, June 15th. Zacks Investment Research cut shares of JetBlue Airways Corp. from a hold rating to a strong sell rating in a report on Thursday, June 16th. Credit Suisse Group AG reaffirmed an underweight rating on shares of JetBlue Airways Corp. in a report on Saturday, June 25th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of JetBlue Airways Corp. from $24.50 to $21.00 and set a neutral rating on the stock in a research note on Wednesday, July 27th. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. JetBlue Airways Corp. presently has an average rating of Buy and an average target price of $23.37.
Shares of JetBlue Airways Corp. (NASDAQ:JBLU) opened at 17.39 on Tuesday. The firm has a market capitalization of $5.63 billion, a PE ratio of 7.72 and a beta of 0.35. JetBlue Airways Corp. has a 12 month low of $14.76 and a 12 month high of $27.09. The stock has a 50 day moving average of $16.80 and a 200-day moving average of $17.98.
JetBlue Airways Corp. (NASDAQ:JBLU) last announced its earnings results on Tuesday, July 26th. The company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.04. The business had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.65 billion. JetBlue Airways Corp. had a net margin of 11.73% and a return on equity of 22.84%. The company’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.44 EPS. On average, equities research analysts anticipate that JetBlue Airways Corp. will post $2.19 EPS for the current fiscal year.
In related news, EVP James G. Hnat sold 10,000 shares of the business’s stock in a transaction dated Friday, September 16th. The shares were sold at an average price of $17.27, for a total value of $172,700.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Joel Clinton Peterson sold 5,120 shares of the business’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $18.27, for a total transaction of $93,542.40. Following the completion of the sale, the director now owns 604,893 shares in the company, valued at $11,051,395.11. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its position in shares of JetBlue Airways Corp. by 0.3% in the first quarter. Wellington Management Group LLP now owns 5,007,499 shares of the company’s stock valued at $105,758,000 after buying an additional 14,295 shares during the last quarter. Geode Capital Management LLC increased its position in shares of JetBlue Airways Corp. by 11.2% in the first quarter. Geode Capital Management LLC now owns 2,548,480 shares of the company’s stock valued at $53,823,000 after buying an additional 256,507 shares during the last quarter. Retirement Systems of Alabama increased its position in shares of JetBlue Airways Corp. by 123.2% in the second quarter. Retirement Systems of Alabama now owns 923,915 shares of the company’s stock valued at $15,300,000 after buying an additional 509,898 shares during the last quarter. Alambic Investment Management L.P. purchased a new position in shares of JetBlue Airways Corp. during the second quarter valued at $444,000. Finally, Capital Fund Management S.A. increased its position in shares of JetBlue Airways Corp. by 401.9% in the second quarter. Capital Fund Management S.A. now owns 976,431 shares of the company’s stock valued at $16,170,000 after buying an additional 781,870 shares during the last quarter. Institutional investors and hedge funds own 79.64% of the company’s stock.
JetBlue Airways Corp. Company Profile
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.
To view Vetr’s full report, visit Vetr’s official website.
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