Shares of JetBlue Airways Corp. (NASDAQ:JBLU) have earned a consensus rating of “Buy” from the fifteen research firms that are currently covering the firm. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, ten have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $20.79.

Several research analysts have recently commented on the stock. JPMorgan Chase & Co. lowered their price objective on shares of JetBlue Airways Corp. from $24.50 to $21.00 and set a “neutral” rating for the company in a research note on Wednesday, July 27th. Vetr lowered shares of JetBlue Airways Corp. from a “strong-buy” rating to a “buy” rating and set a $20.58 price objective for the company. in a research note on Tuesday, July 26th. Morgan Stanley reissued a “hold” rating and issued a $18.00 price objective on shares of JetBlue Airways Corp. in a research note on Thursday, July 28th. Cowen and Company reissued a “buy” rating and issued a $23.00 price objective on shares of JetBlue Airways Corp. in a research note on Monday, June 13th. Finally, Credit Suisse Group AG reissued a “hold” rating on shares of JetBlue Airways Corp. in a research note on Wednesday, May 25th.

Shares of JetBlue Airways Corp. (NASDAQ:JBLU) traded down 1.560% on Wednesday, reaching $16.971. 2,493,495 shares of the company’s stock were exchanged. JetBlue Airways Corp. has a one year low of $14.76 and a one year high of $27.09. The firm has a market capitalization of $5.49 billion, a P/E ratio of 7.536 and a beta of 0.44. The firm has a 50 day moving average of $16.64 and a 200 day moving average of $18.21.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/21/jetblue-airways-corp-nasdaqjblu-receives-consensus-rating-of-buy-from-analysts.html

JetBlue Airways Corp. (NASDAQ:JBLU) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.04. JetBlue Airways Corp. had a net margin of 11.73% and a return on equity of 22.84%. The business earned $1.60 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same quarter last year, the firm posted $0.44 earnings per share. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. On average, equities research analysts predict that JetBlue Airways Corp. will post $2.18 EPS for the current year.

In other news, Director Joel Clinton Peterson sold 5,120 shares of JetBlue Airways Corp. stock in a transaction 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 transaction, the director now directly owns 599,773 shares of the company’s stock, valued at approximately $9,482,411.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP James G. Hnat sold 10,000 shares of JetBlue Airways Corp. stock in a transaction on Friday, September 16th. The shares were sold at an average price of $17.27, for a total transaction of $172,700.00. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by insiders.

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of JetBlue Airways Corp. by 6.2% in the second quarter. Vanguard Group Inc. now owns 26,892,818 shares of the company’s stock worth $445,345,000 after buying an additional 1,560,560 shares during the last quarter. BlackRock Fund Advisors boosted its position in shares of 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 in the last quarter. BlackRock Institutional Trust Company N.A. boosted 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 valued at $151,272,000 after buying an additional 440,996 shares in the last quarter. State Street Corp boosted 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 valued at $141,021,000 after buying an additional 85,943 shares in the last quarter. Finally, Donald Smith & CO. Inc. boosted 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 valued at $199,053,000 after buying an additional 186,548 shares in the last quarter. 79.66% of the stock is currently owned by institutional investors and hedge funds.

JetBlue Airways Corp. 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. It operates various types of aircrafts, including Airbus A321, Airbus A320 and Embraer E190. It also provides premium transcontinental product called Mint.

5 Day Chart for NASDAQ:JBLU

Receive News & Ratings for JetBlue Airways Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JetBlue Airways Corp. and related companies with MarketBeat.com's FREE daily email newsletter.