JetBlue Airways Corporation (JBLU) Receives Consensus Rating of “Hold” from Analysts

Shares of JetBlue Airways Corporation (NASDAQ:JBLU) have received a consensus recommendation of “Hold” from the thirteen analysts that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $25.03.

Several brokerages have recently commented on JBLU. Morgan Stanley lifted their price target on shares of JetBlue Airways Corporation from $22.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Tuesday, June 13th. Stifel Nicolaus reiterated a “hold” rating and set a $23.00 price target on shares of JetBlue Airways Corporation in a research report on Friday, May 26th. Vetr cut shares of JetBlue Airways Corporation from a “strong-buy” rating to a “buy” rating and set a $24.64 price target for the company. in a research report on Tuesday, April 25th. Imperial Capital reiterated an “outperform” rating on shares of JetBlue Airways Corporation in a research report on Friday, May 19th. Finally, Cowen and Company lifted their price objective on shares of JetBlue Airways Corporation from $23.00 to $24.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 26th.

In other JetBlue Airways Corporation news, EVP James G. Hnat sold 15,000 shares of JetBlue Airways Corporation stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $21.67, for a total value of $325,050.00. Following the transaction, the executive vice president now owns 48,992 shares of the company’s stock, valued at $1,061,656.64. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Joel Clinton Peterson sold 5,120 shares of JetBlue Airways Corporation stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $20.48, for a total transaction of $104,857.60. Following the completion of the transaction, the director now directly owns 569,042 shares in the company, valued at approximately $11,653,980.16. The disclosure for this sale can be found here. In the last ninety days, insiders sold 44,740 shares of company stock worth $968,614. Insiders own 0.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Menora Mivtachim Holdings LTD. bought a new position in shares of JetBlue Airways Corporation during the fourth quarter worth $117,000. Quantbot Technologies LP bought a new position in shares of JetBlue Airways Corporation during the first quarter worth $138,000. Americafirst Capital Management LLC bought a new position in shares of JetBlue Airways Corporation during the first quarter worth $141,000. James Investment Research Inc. bought a new position in shares of JetBlue Airways Corporation during the first quarter worth $150,000. Finally, Kistler Tiffany Companies LLC bought a new position in shares of JetBlue Airways Corporation during the first quarter worth $155,000. 84.92% of the stock is currently owned by hedge funds and other institutional investors.

JetBlue Airways Corporation (NASDAQ JBLU) traded down 1.44% during mid-day trading on Tuesday, reaching $22.59. 3,093,187 shares of the company traded hands. The firm has a market cap of $7.54 billion, a PE ratio of 12.09 and a beta of 0.52. The stock’s 50-day moving average price is $22.18 and its 200-day moving average price is $21.22. JetBlue Airways Corporation has a one year low of $14.76 and a one year high of $23.37.

JetBlue Airways Corporation (NASDAQ:JBLU) last issued its quarterly earnings results on Tuesday, April 25th. The transportation company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.24 by $0.01. JetBlue Airways Corporation had a net margin of 9.61% and a return on equity of 16.42%. The company had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.62 billion. During the same quarter in the previous year, the company earned $0.61 EPS. JetBlue Airways Corporation’s revenue was down .7% on a year-over-year basis. Analysts forecast that JetBlue Airways Corporation will post $1.89 earnings per share for the current fiscal year.

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JetBlue Airways Corporation 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. Its segments include Domestic, and Caribbean & Latin America. It operates various kinds of aircrafts, including Airbus A321, Airbus A320 and Embraer E190.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:JBLU”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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