JetBlue Airways Corp. (JBLU) Lifted to “Buy” at Vetr Inc.
JetBlue Airways Corp. (NASDAQ:JBLU) was upgraded by equities researchers at Vetr from a “hold” rating to a “buy” rating in a report released on Monday. The firm currently has a $19.06 target price on the stock. Vetr‘s price target points to a potential upside of 6.84% from the stock’s current price.
Other equities research analysts also recently issued research reports about the stock. Zacks Investment Research upgraded shares of JetBlue Airways Corp. from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research report on Tuesday, October 4th. Imperial Capital assumed coverage on shares of JetBlue Airways Corp. in a research report on Friday, September 16th. They issued an “outperform” rating and a $21.00 price target for the company. Credit Suisse Group AG restated an “underweight” rating on shares of JetBlue Airways Corp. in a research report on Saturday, June 25th. Morgan Stanley restated a “hold” rating and issued a $19.00 price target on shares of JetBlue Airways Corp. in a research report on Sunday, August 21st. Finally, JPMorgan Chase & Co. reduced their price target on shares of JetBlue Airways Corp. from $24.50 to $21.00 and set a “neutral” rating for the company in a research report on Wednesday, July 27th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $23.42.
Shares of JetBlue Airways Corp. (NASDAQ:JBLU) opened at 17.84 on Monday. JetBlue Airways Corp. has a 12 month low of $14.76 and a 12 month high of $27.00. The company’s 50-day moving average is $17.07 and its 200-day moving average is $17.90. The stock has a market capitalization of $5.77 billion, a PE ratio of 7.92 and a beta of 0.36.
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JetBlue Airways Corp. (NASDAQ:JBLU) last issued its earnings results on Tuesday, July 26th. The company reported $0.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.04. The firm earned $1.60 billion during the quarter, compared to analysts’ expectations of $1.65 billion. JetBlue Airways Corp. had a net margin of 11.73% and a return on equity of 22.84%. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period last year, the firm posted $0.44 earnings per share. Equities research analysts expect that JetBlue Airways Corp. will post $2.19 earnings per share for the current fiscal year.
In related news, EVP James G. Hnat sold 10,000 shares of the firm’s stock in a transaction on Friday, September 16th. The shares were sold at an average price of $17.27, for a total value of $172,700.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Robin Hayes sold 2,000 shares of the firm’s stock in a transaction on Monday, October 10th. The shares were sold at an average price of $17.42, for a total transaction of $34,840.00. Following the completion of the transaction, the chief executive officer now owns 357,881 shares in the company, valued at $6,234,287.02. The disclosure for this sale can be found here. Insiders own 0.70% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Highland Capital Management LLC raised its position in JetBlue Airways Corp. by 40.4% in the third quarter. Highland Capital Management LLC now owns 287,650 shares of the company’s stock worth $4,959,000 after buying an additional 82,800 shares during the last quarter. MSI Financial Services Inc raised its position in JetBlue Airways Corp. by 0.6% in the third quarter. MSI Financial Services Inc now owns 15,750 shares of the company’s stock worth $272,000 after buying an additional 88 shares during the last quarter. Nisa Investment Advisors LLC raised its position in JetBlue Airways Corp. by 128.6% in the third quarter. Nisa Investment Advisors LLC now owns 8,000 shares of the company’s stock worth $138,000 after buying an additional 4,500 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in JetBlue Airways Corp. during the third quarter worth about $428,000. Finally, Creative Planning raised its position in JetBlue Airways Corp. by 41.8% in the third quarter. Creative Planning now owns 579,580 shares of the company’s stock worth $9,992,000 after buying an additional 170,809 shares during the last quarter. Institutional investors and hedge funds own 79.64% of the company’s stock.
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.
To view Vetr’s full report, visit Vetr’s official website.
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