JetBlue Airways Corporation (NASDAQ:JBLU) had its price objective reduced by stock analysts at Morgan Stanley from $24.00 to $23.00 in a research note issued on Thursday. The firm currently has an “equal weight” rating on the transportation company’s stock. Morgan Stanley’s price objective suggests a potential upside of 12.25% from the company’s previous close.

Several other equities analysts have also recently commented on the stock. Stifel Nicolaus reissued a “hold” rating and issued a $23.00 price target on shares of JetBlue Airways Corporation in a research report on Friday, May 26th. Vetr cut shares of JetBlue Airways Corporation from a “strong-buy” rating to a “buy” rating and set a $24.64 price target for the company. in a research report on Tuesday, April 25th. BidaskClub cut shares of JetBlue Airways Corporation from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. Zacks Investment Research raised shares of JetBlue Airways Corporation from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research report on Wednesday, July 12th. Finally, Imperial Capital reissued an “outperform” rating on shares of JetBlue Airways Corporation in a research report on Friday, May 19th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. JetBlue Airways Corporation currently has an average rating of “Hold” and an average price target of $25.60.

Shares of JetBlue Airways Corporation (NASDAQ:JBLU) traded down 6.05% during mid-day trading on Thursday, hitting $20.49. The company had a trading volume of 5,826,627 shares. JetBlue Airways Corporation has a 52-week low of $15.70 and a 52-week high of $24.13. The firm has a market capitalization of $6.74 billion, a price-to-earnings ratio of 10.40 and a beta of 0.53. The firm has a 50-day moving average price of $22.58 and a 200 day moving average price of $21.44.

JetBlue Airways Corporation (NASDAQ:JBLU) last posted its earnings results on Tuesday, July 25th. The transportation company reported $0.64 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.08. JetBlue Airways Corporation had a net margin of 9.78% and a return on equity of 16.75%. The firm had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter last year, the firm earned $0.53 EPS. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. Analysts expect that JetBlue Airways Corporation will post $2.03 earnings per share for the current year.

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In other news, EVP George Martin J. St sold 2,500 shares of JetBlue Airways Corporation stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $23.00, for a total transaction of $57,500.00. Following the completion of the sale, the executive vice president now directly owns 28,457 shares of the company’s stock, valued at approximately $654,511. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP James G. Hnat sold 6,000 shares of JetBlue Airways Corporation stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $21.98, for a total transaction of $131,880.00. Following the sale, the executive vice president now directly owns 25,992 shares of the company’s stock, valued at $571,304.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 28,740 shares of company stock valued at $646,976. Corporate insiders own 0.60% of the company’s stock.

Several large investors have recently added to or reduced their stakes in JBLU. Advisory Services Network LLC boosted its stake in JetBlue Airways Corporation by 659.7% in the second quarter. Advisory Services Network LLC now owns 24,744 shares of the transportation company’s stock valued at $565,000 after buying an additional 21,487 shares during the period. U S Global Investors Inc. boosted its stake in JetBlue Airways Corporation by 62.5% in the second quarter. U S Global Investors Inc. now owns 210,456 shares of the transportation company’s stock valued at $4,613,000 after buying an additional 80,938 shares during the period. National Asset Management Inc. boosted its stake in JetBlue Airways Corporation by 9.7% in the second quarter. National Asset Management Inc. now owns 20,120 shares of the transportation company’s stock valued at $460,000 after buying an additional 1,771 shares during the period. Sterling Capital Management LLC boosted its stake in JetBlue Airways Corporation by 2.7% in the second quarter. Sterling Capital Management LLC now owns 1,237,619 shares of the transportation company’s stock valued at $28,255,000 after buying an additional 32,531 shares during the period. Finally, Bank of Nova Scotia purchased a new stake in JetBlue Airways Corporation during the second quarter valued at about $21,689,000. 85.81% of the stock is owned by institutional investors and hedge funds.

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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