JBLU has been the topic of a number of other reports. Zacks Investment Research upgraded JetBlue Airways Corp. from a hold rating to a buy rating and set a $20.00 price target on the stock in a research note on Tuesday, October 4th. Imperial Capital assumed coverage on JetBlue Airways Corp. in a research report on Friday, September 16th. They set an outperform rating and a $21.00 price objective on the stock. Credit Suisse Group AG reaffirmed an underweight rating on shares of JetBlue Airways Corp. in a research report on Saturday, June 25th. Morgan Stanley reaffirmed a hold rating and set a $19.00 price objective on shares of JetBlue Airways Corp. in a research report on Sunday, August 21st. Finally, 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. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. JetBlue Airways Corp. presently has a consensus rating of Buy and a consensus price target of $23.42.
Shares of JetBlue Airways Corp. (NASDAQ:JBLU) opened at 17.77 on Monday. The stock has a 50 day moving average price of $17.12 and a 200-day moving average price of $17.83. JetBlue Airways Corp. has a 52-week low of $14.76 and a 52-week high of $27.00. The firm has a market cap of $5.75 billion, a PE ratio of 7.89 and a beta of 0.35.
JetBlue Airways Corp. (NASDAQ:JBLU) last released its quarterly earnings results on Tuesday, July 26th. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.65 billion. During the same period in the prior year, the firm earned $0.44 earnings per share. The firm’s revenue was up 1.9% compared to the same quarter last year. On average, equities analysts anticipate 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 Thursday, September 1st. The shares were sold at an average price of $15.81, for a total value of $80,947.20. Following the completion of the sale, the director now directly owns 599,773 shares of the company’s stock, valued at approximately $9,482,411.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robin Hayes sold 2,000 shares of JetBlue Airways Corp. stock in a transaction that occurred on Monday, October 10th. The stock was sold at an average price of $17.42, for a total transaction of $34,840.00. Following the completion of the sale, the chief executive officer now directly owns 357,881 shares of the company’s stock, valued at $6,234,287.02. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in JetBlue Airways Corp. by 6.2% in the second quarter. Vanguard Group Inc. now owns 26,892,818 shares of the company’s stock valued at $445,345,000 after buying an additional 1,560,560 shares during the last quarter. BlackRock Fund Advisors boosted its stake in JetBlue Airways Corp. by 5.0% in the second quarter. BlackRock Fund Advisors now owns 11,927,998 shares of the company’s stock valued at $197,528,000 after buying an additional 571,609 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in shares of JetBlue Airways Corp. by 5.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 9,134,796 shares of the company’s stock worth $151,272,000 after buying an additional 440,996 shares during the period. State Street Corp raised its position in shares of JetBlue Airways Corp. by 1.0% in the second quarter. State Street Corp now owns 8,515,703 shares of the company’s stock worth $141,021,000 after buying an additional 85,943 shares during the period. Finally, Donald Smith & CO. Inc. raised its position in shares of JetBlue Airways Corp. by 3.4% in the second quarter. Donald Smith & CO. Inc. now owns 5,723,215 shares of the company’s stock worth $199,053,000 after buying an additional 186,548 shares during the period. 79.57% of the stock is owned by hedge funds and other 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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