JetBlue Airways Corporation (NASDAQ:JBLU) has been assigned a consensus recommendation of “Hold” from the nineteen analysts that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $25.11.
Several equities analysts have recently weighed in on the company. Morgan Stanley reduced their price target on JetBlue Airways Corporation from $24.00 to $23.00 and set an “equal weight” rating for the company in a report on Thursday, August 17th. Standpoint Research restated a “buy” rating on shares of JetBlue Airways Corporation in a report on Sunday, September 3rd. Imperial Capital restated a “buy” rating and set a $31.00 price target on shares of JetBlue Airways Corporation in a report on Tuesday, October 17th. BidaskClub downgraded JetBlue Airways Corporation from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Finally, Cowen Inc raised their price target on JetBlue Airways Corporation from $21.00 to $22.00 and gave the company a “market perform” rating in a report on Thursday, October 12th.
Shares of JetBlue Airways Corporation (JBLU) traded down $0.06 during trading hours on Friday, hitting $19.84. The stock had a trading volume of 1,059,876 shares, compared to its average volume of 5,856,776. JetBlue Airways Corporation has a 1 year low of $18.05 and a 1 year high of $24.13. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.56 and a quick ratio of 0.56. The company has a market capitalization of $6,380.87, a P/E ratio of 10.26 and a beta of 0.65.
JetBlue Airways Corporation (NASDAQ:JBLU) last issued its quarterly earnings results on Tuesday, October 24th. The transportation company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.03. JetBlue Airways Corporation had a return on equity of 15.95% and a net margin of 9.38%. The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same period last year, the company earned $0.58 earnings per share. The company’s revenue was up 4.7% on a year-over-year basis. analysts expect that JetBlue Airways Corporation will post 1.75 EPS for the current year.
In related news, CEO Robin Hayes sold 2,000 shares of the stock in a transaction on Friday, September 1st. The stock was sold at an average price of $19.89, for a total transaction of $39,780.00. Following the sale, the chief executive officer now directly owns 404,362 shares of the company’s stock, valued at $8,042,760.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Joel Clinton Peterson sold 5,120 shares of the stock in a transaction on Friday, September 1st. The shares were sold at an average price of $19.87, for a total value of $101,734.40. Following the sale, the director now directly owns 549,942 shares in the company, valued at $10,927,347.54. The disclosure for this sale can be found here. Insiders have sold 24,860 shares of company stock worth $474,419 over the last ninety days. 0.60% of the stock is currently owned by insiders.
Several institutional investors have recently added to or reduced their stakes in the stock. Alliancebernstein L.P. boosted its position in JetBlue Airways Corporation by 1,135.5% in the second quarter. Alliancebernstein L.P. now owns 2,927,591 shares of the transportation company’s stock worth $66,837,000 after purchasing an additional 2,690,638 shares during the last quarter. Frontier Capital Management Co. LLC boosted its position in JetBlue Airways Corporation by 68.9% in the third quarter. Frontier Capital Management Co. LLC now owns 3,600,572 shares of the transportation company’s stock worth $66,719,000 after purchasing an additional 1,468,416 shares during the last quarter. Prudential Financial Inc. boosted its position in JetBlue Airways Corporation by 135.1% in the second quarter. Prudential Financial Inc. now owns 2,454,990 shares of the transportation company’s stock worth $56,048,000 after purchasing an additional 1,410,594 shares during the last quarter. Victory Capital Management Inc. boosted its position in JetBlue Airways Corporation by 35.0% in the second quarter. Victory Capital Management Inc. now owns 3,707,811 shares of the transportation company’s stock worth $84,649,000 after purchasing an additional 961,535 shares during the last quarter. Finally, Bank of Nova Scotia purchased a new position in JetBlue Airways Corporation in the second quarter worth about $21,689,000. 89.73% of the stock is currently owned by institutional investors.
About JetBlue Airways Corporation
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.
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