JetBlue Airways Corp. (NASDAQ:JBLU) was downgraded by Vetr from a “strong-buy” rating to a “buy” rating in a note issued to investors on Monday. They currently have a $19.72 price target on the stock. Vetr‘s price target points to a potential upside of 10.60% from the stock’s current price.
Several other analysts also recently weighed in on the company. Imperial Capital began coverage on JetBlue Airways Corp. in a research report on Friday, September 16th. They set an “outperform” rating and a $21.00 target price for the company. Credit Suisse Group AG set a $20.00 target price on JetBlue Airways Corp. and gave the stock a “hold” rating in a research report on Monday, September 12th. Morgan Stanley reiterated a “hold” rating and set a $19.00 target price on shares of JetBlue Airways Corp. in a research report on Sunday, August 21st. JPMorgan Chase & Co. decreased their target price on JetBlue Airways Corp. from $24.50 to $21.00 and set a “neutral” rating for the company in a research report on Wednesday, July 27th. Finally, Zacks Investment Research downgraded JetBlue Airways Corp. from a “hold” rating to a “strong sell” rating in a research report on Thursday, June 16th. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. JetBlue Airways Corp. currently has a consensus rating of “Buy” and an average price target of $23.51.
JetBlue Airways Corp. (NASDAQ:JBLU) opened at 17.83 on Monday. The company has a 50-day moving average of $16.73 and a 200-day moving average of $18.00. The company has a market cap of $5.77 billion, a PE ratio of 7.92 and a beta of 0.35. JetBlue Airways Corp. has a 52 week low of $14.76 and a 52 week high of $27.09.
JetBlue Airways Corp. (NASDAQ:JBLU) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.04. The company earned $1.60 billion during the quarter, compared to the consensus estimate of $1.65 billion. JetBlue Airways Corp. had a return on equity of 22.84% and a net margin of 11.73%. JetBlue Airways Corp.’s revenue was up 1.9% on a year-over-year basis. During the same period last year, the company earned $0.44 earnings per share. On average, equities analysts expect that JetBlue Airways Corp. will post $2.19 EPS for the current year.
In other news, Director Joel Clinton Peterson sold 5,120 shares of the business’s stock in a transaction dated Thursday, September 1st. The stock was sold at an average price of $15.81, for a total transaction of $80,947.20. Following the sale, the director now owns 599,773 shares in the company, valued at $9,482,411.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP James G. Hnat sold 10,000 shares of the business’s stock in a transaction dated Friday, September 16th. The stock was sold at an average price of $17.27, for a total value of $172,700.00. The disclosure for this sale can be found here. Insiders own 0.70% of the company’s stock.
Several large investors have recently modified their holdings of the company. Eqis Capital Management Inc. raised its stake in shares of JetBlue Airways Corp. by 14.8% in the third quarter. Eqis Capital Management Inc. now owns 13,954 shares of the company’s stock worth $241,000 after buying an additional 1,803 shares during the last quarter. Northwestern Mutual Investment Management Company LLC raised its stake in shares of JetBlue Airways Corp. by 0.4% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 55,617 shares of the company’s stock worth $921,000 after buying an additional 222 shares during the last quarter. Mason Street Advisors LLC acquired a new stake in shares of JetBlue Airways Corp. during the second quarter worth $2,433,000. Public Employees Retirement System of Ohio increased its stake in JetBlue Airways Corp. by 0.6% in the second quarter. Public Employees Retirement System of Ohio now owns 551,118 shares of the company’s stock worth $9,127,000 after buying an additional 3,381 shares during the period. Finally, Calvert Investment Management Inc. increased its stake in JetBlue Airways Corp. by 10.7% in the second quarter. Calvert Investment Management Inc. now owns 27,008 shares of the company’s stock worth $447,000 after buying an additional 2,615 shares during the period. 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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