JetBlue Airways Corporation (NASDAQ:JBLU) had its price target upped by investment analysts at Morgan Stanley from $23.00 to $24.00 in a research report issued on Monday. The brokerage currently has an “equal weight” rating on the transportation company’s stock. Morgan Stanley’s price objective suggests a potential upside of 2.02% from the stock’s current price.

Other equities research analysts have also recently issued reports about the company. Vetr cut JetBlue Airways Corporation from a “strong-buy” rating to a “buy” rating and set a $25.22 target price on the stock. in a report on Thursday, May 25th. Zacks Investment Research raised JetBlue Airways Corporation from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a report on Wednesday, July 12th. BidaskClub raised JetBlue Airways Corporation from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. Bank of America Corporation boosted their price objective on JetBlue Airways Corporation from $27.00 to $28.00 and gave the stock a “buy” rating in a research note on Friday, June 30th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $23.00 price objective on shares of JetBlue Airways Corporation in a research note on Friday, May 26th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $25.75.

Shares of JetBlue Airways Corporation (NASDAQ:JBLU) traded up 0.405% during trading on Monday, hitting $23.525. The stock had a trading volume of 3,538,339 shares. JetBlue Airways Corporation has a 12 month low of $15.70 and a 12 month high of $24.13. The company has a market cap of $7.85 billion, a PE ratio of 12.594 and a beta of 0.54. The stock has a 50 day moving average of $22.39 and a 200 day moving average of $21.29.

JetBlue Airways Corporation (NASDAQ:JBLU) last issued its earnings results on Tuesday, April 25th. The transportation company reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.01. JetBlue Airways Corporation had a return on equity of 16.42% and a net margin of 9.61%. The firm had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.62 billion. During the same period in the previous year, the firm posted $0.61 earnings per share. The business’s revenue was down .7% compared to the same quarter last year. Equities analysts forecast that JetBlue Airways Corporation will post $1.92 EPS for the current fiscal year.

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In other JetBlue Airways Corporation news, EVP James G. Hnat sold 15,000 shares of the company’s stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $21.67, for a total transaction of $325,050.00. Following the completion of the sale, the executive vice president now owns 48,992 shares in the company, valued at $1,061,656.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Robin Hayes sold 2,000 shares of the company’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $22.87, for a total value of $45,740.00. Following the sale, the chief executive officer now owns 408,362 shares of the company’s stock, valued at approximately $9,339,238.94. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 45,740 shares of company stock valued at $1,009,482. 0.60% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the company. Gateway Investment Advisers LLC increased its position in shares of JetBlue Airways Corporation by 15.2% in the first quarter. Gateway Investment Advisers LLC now owns 252,703 shares of the transportation company’s stock worth $5,208,000 after buying an additional 33,274 shares during the last quarter. Louisiana State Employees Retirement System increased its position in shares of JetBlue Airways Corporation by 6.4% in the first quarter. Louisiana State Employees Retirement System now owns 85,100 shares of the transportation company’s stock worth $1,754,000 after buying an additional 5,100 shares during the last quarter. Americafirst Capital Management LLC acquired a new position in shares of JetBlue Airways Corporation during the first quarter worth about $141,000. Baldwin Brothers Inc. MA acquired a new position in shares of JetBlue Airways Corporation during the first quarter worth about $1,414,000. Finally, Capstone Asset Management Co. increased its position in shares of JetBlue Airways Corporation by 2.7% in the first quarter. Capstone Asset Management Co. now owns 32,775 shares of the transportation company’s stock worth $675,000 after buying an additional 850 shares during the last quarter. Institutional investors own 84.23% of the company’s stock.

JetBlue Airways Corporation 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. Its segments include Domestic, and Caribbean & Latin America. It operates various kinds of aircrafts, including Airbus A321, Airbus A320 and Embraer E190.

Analyst Recommendations for JetBlue Airways Corporation (NASDAQ:JBLU)

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