Vetr downgraded shares of JetBlue Airways Corp. (NASDAQ:JBLU) from a strong-buy rating to a buy rating in a research report report published on Monday morning. The firm currently has $19.72 target price on the stock.
JBLU has been the subject of a number of other reports. Morgan Stanley reiterated a hold rating and issued a $19.00 target price on shares of JetBlue Airways Corp. in a report on Sunday, August 21st. Credit Suisse Group AG set a $20.00 price target on JetBlue Airways Corp. and gave the company a hold rating in a research note on Monday, September 12th. Imperial Capital initiated coverage on JetBlue Airways Corp. in a research note on Friday, September 16th. They issued an outperform rating and a $21.00 price target on the stock. Raymond James Financial Inc. restated an outperform rating on shares of JetBlue Airways Corp. in a research note on Wednesday, June 15th. Finally, Cowen and Company restated a buy rating and issued a $23.00 price target on shares of JetBlue Airways Corp. in a research note on Monday, June 13th. Three research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $23.51.
Shares of JetBlue Airways Corp. (NASDAQ:JBLU) opened at 17.62 on Monday. The stock has a market cap of $5.70 billion, a P/E ratio of 7.82 and a beta of 0.36. The stock has a 50 day moving average price of $16.78 and a 200-day moving average price of $18.00. 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 released its earnings results on Tuesday, July 26th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.04. The firm earned $1.60 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the business posted $0.44 earnings per share. Equities analysts predict that JetBlue Airways Corp. will post $2.19 EPS for the current fiscal year.
In other JetBlue Airways Corp. news, Director Joel Clinton Peterson sold 5,120 shares of JetBlue Airways Corp. stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $18.27, for a total value of $93,542.40. Following the sale, the director now owns 604,893 shares of the company’s stock, valued at approximately $11,051,395.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through 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 value of $172,700.00. The disclosure for this sale can be found here. 0.70% of the stock is owned by corporate insiders.
Large investors have recently made changes to their positions in the stock. Bank of Montreal Can acquired a new stake in shares of JetBlue Airways Corp. during the second quarter worth $51,541,000. Vanguard Group Inc. raised its stake in shares of JetBlue Airways Corp. by 6.2% in the second quarter. Vanguard Group Inc. now owns 26,892,818 shares of the company’s stock worth $445,345,000 after buying an additional 1,560,560 shares in the last quarter. Norges Bank acquired a new stake in shares of JetBlue Airways Corp. during the fourth quarter worth $33,966,000. Renaissance Technologies LLC raised its stake in shares of JetBlue Airways Corp. by 21.9% in the first quarter. Renaissance Technologies LLC now owns 5,542,500 shares of the company’s stock worth $117,058,000 after buying an additional 994,100 shares in the last quarter. Finally, NWI Management LP raised its stake in shares of JetBlue Airways Corp. by 86.1% in the second quarter. NWI Management LP now owns 2,010,000 shares of the company’s stock worth $33,286,000 after buying an additional 930,000 shares in the last quarter. 79.64% of the stock is currently owned by institutional investors.
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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