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JetBlue Airways (NASDAQ:JBLU) shares hit a new 52-week high during mid-day trading on Monday , AR Network reports. The stock traded as high as $11.87 and last traded at $11.81, with a volume of 5,788,073 shares. The stock had previously closed at $11.46.

JBLU has been the subject of a number of recent research reports. Analysts at Imperial Capital raised their price target on shares of JetBlue Airways from $10.00 to $20.00 in a research note on Wednesday, August 6th. They now have an “outperform” rating on the stock. Separately, analysts at Argus raised their price target on shares of JetBlue Airways from $10.00 to $14.00 in a research note on Friday, August 1st. They now have a “buy” rating on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of JetBlue Airways from $10.00 to $13.50 in a research note on Thursday, July 31st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $13.06.

The stock has a 50-day moving average of $10.83 and a 200-day moving average of $9.39. The company has a market cap of $3.426 billion and a price-to-earnings ratio of 10.94.

JetBlue Airways (NASDAQ:JBLU) last announced its earnings results on Thursday, July 24th. The company reported $0.19 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.19. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the prior year, the company posted $0.11 earnings per share. The company’s quarterly revenue was up 11.8% on a year-over-year basis. On average, analysts predict that JetBlue Airways will post $0.69 earnings per share for the current fiscal year.

In other JetBlue Airways news, EVP James G. Hnat sold 6,000 shares of the stock on the open market in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $10.72, for a total transaction of $64,320.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

JetBlue Airways Corporation (NASDAQ:JBLU) is a passenger airline that operates primarily on point-to-point routes with its fleet of 120 Airbus A320 aircraft and 49 EMBRAER 190 aircraft.

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