JetBlue Airways Corp. (NASDAQ:JBLU) was upgraded by research analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday. The firm presently has a $20.12 price target on the stock. Vetr‘s target price suggests a potential upside of 12.65% from the stock’s current price.
A number of other brokerages also recently weighed in on JBLU. Zacks Investment Research downgraded shares of JetBlue Airways Corp. from a “hold” rating to a “strong sell” rating in a report on Thursday, June 16th. JPMorgan Chase & Co. cut their price target on shares of JetBlue Airways Corp. from $24.50 to $21.00 and set a “neutral” rating on the stock in a report on Wednesday, July 27th. Cowen and Company reissued a “buy” rating and issued a $23.00 price target on shares of JetBlue Airways Corp. in a report on Monday, June 13th. Raymond James Financial Inc. reissued an “outperform” rating on shares of JetBlue Airways Corp. in a report on Wednesday, June 15th. Finally, Morgan Stanley reissued a “hold” rating and issued a $18.00 price target on shares of JetBlue Airways Corp. in a report on Thursday, July 28th. Three research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. JetBlue Airways Corp. currently has an average rating of “Buy” and an average target price of $23.51.
Shares of JetBlue Airways Corp. (NASDAQ:JBLU) opened at 17.86 on Tuesday. The company has a market cap of $5.78 billion, a P/E ratio of 7.93 and a beta of 0.36. JetBlue Airways Corp. has a 52 week low of $14.76 and a 52 week high of $27.09. The firm has a 50-day moving average of $16.76 and a 200 day moving average of $18.00.
JetBlue Airways Corp. (NASDAQ:JBLU) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.04. The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.65 billion. JetBlue Airways Corp. had a net margin of 11.73% and a return on equity of 22.84%. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.44 EPS. Equities analysts anticipate that JetBlue Airways Corp. will post $2.19 earnings per share for the current fiscal year.
In related news, Director Joel Clinton Peterson sold 5,120 shares of the company’s stock in a transaction that occurred on Thursday, September 1st. The shares were sold at an average price of $15.81, for a total value of $80,947.20. Following the transaction, the director now directly owns 599,773 shares in the company, valued at $9,482,411.13. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP James G. Hnat sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, September 16th. The stock was 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. Insiders own 0.70% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Acrospire Investment Management LLC boosted its position in JetBlue Airways Corp. by 22.6% in the second quarter. Acrospire Investment Management LLC now owns 6,500 shares of the company’s stock valued at $108,000 after buying an additional 1,200 shares during the period. Exane Derivatives boosted its position in JetBlue Airways Corp. by 173.3% in the second quarter. Exane Derivatives now owns 6,623 shares of the company’s stock valued at $110,000 after buying an additional 4,200 shares during the period. Cribstone Capital Management LLC bought a new position in JetBlue Airways Corp. during the second quarter valued at $115,000. Advisor Group Inc. bought a new position in JetBlue Airways Corp. during the second quarter valued at $163,000. Finally, Advance Capital I Inc. bought a new position in JetBlue Airways Corp. during the second quarter valued at $167,000. Institutional investors 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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