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JetBlue Airways (NASDAQ:JBLU) was downgraded by equities research analysts at Wolfe Research from an “outperform” rating to a “market perform” rating in a research note issued to investors on Tuesday, TheFlyOnTheWall.com reports.

JBLU has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of JetBlue Airways in a research note on Monday. They now have a $13.00 price target on the stock. Separately, analysts at CRT Capital cut their price target on shares of JetBlue Airways from $14.50 to $14.00 in a research note on Thursday, August 21st. They now have a “buy” rating on the stock. Finally, analysts at S&P Equity Research raised their price target on shares of JetBlue Airways from $0.39 to $0.51 in a research note on Wednesday, August 20th. They now have an “average” rating on the stock. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $12.32.

In other JetBlue Airways news, CAO Donald Daniels sold 6,000 shares of the company’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $12.33, for a total value of $73,980.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

JetBlue Airways (NASDAQ:JBLU) traded up 3.27% on Tuesday, hitting $12.63. The stock had a trading volume of 9,251,955 shares. JetBlue Airways has a 52-week low of $6.04 and a 52-week high of $12.83. The stock’s 50-day moving average is $11.48 and its 200-day moving average is $9.76. The company has a market cap of $3.686 billion and a P/E ratio of 11.67.

JetBlue Airways (NASDAQ:JBLU) last announced its earnings results on Thursday, July 24th. The company reported $0.19 earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted $0.11 earnings per share. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. On average, analysts predict that JetBlue Airways will post $0.68 earnings per share for the current fiscal year.

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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