JetBlue Airways Corporation (NASDAQ:JBLU)‘s stock had its “hold” rating reiterated by research analysts at Cowen and Company in a research note issued on Friday. They currently have a $21.00 price target on the transportation company’s stock. Cowen and Company’s price target indicates a potential upside of 12.30% from the stock’s current price.

Other equities research analysts have also issued reports about the company. Standpoint Research initiated coverage on JetBlue Airways Corporation in a report on Friday, September 1st. They set an “accumulate” rating and a $26.00 price target for the company. Zacks Investment Research upgraded JetBlue Airways Corporation from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a report on Wednesday, July 12th. BidaskClub upgraded JetBlue Airways Corporation from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. Bank of America Corporation boosted their target price on JetBlue Airways Corporation from $27.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, June 30th. Finally, Vetr lowered JetBlue Airways Corporation from a “strong-buy” rating to a “buy” rating and set a $25.22 target price for the company. in a report on Thursday, May 25th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $25.32.

JetBlue Airways Corporation (JBLU) traded up 2.47% on Friday, reaching $18.70. 13,198,474 shares of the company traded hands. JetBlue Airways Corporation has a 52-week low of $15.86 and a 52-week high of $24.13. The firm has a 50 day moving average price of $20.94 and a 200 day moving average price of $21.43. The stock has a market capitalization of $6.15 billion, a price-to-earnings ratio of 9.49 and a beta of 0.59.

JetBlue Airways Corporation (NASDAQ:JBLU) last announced its quarterly earnings results on Tuesday, July 25th. The transportation company reported $0.64 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.08. The business had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.82 billion. JetBlue Airways Corporation had a return on equity of 16.75% and a net margin of 9.78%. The firm’s revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.53 EPS. Equities research analysts predict that JetBlue Airways Corporation will post $1.97 EPS for the current year.

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In other news, Director Joel Clinton Peterson sold 5,120 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $19.87, for a total transaction of $101,734.40. Following the completion of the transaction, the director now directly owns 549,942 shares in the company, valued at $10,927,347.54. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP James G. Hnat sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $22.77, for a total value of $113,850.00. Following the transaction, the executive vice president now owns 31,764 shares of the company’s stock, valued at $723,266.28. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 34,360 shares of company stock valued at $750,850. Corporate insiders own 0.60% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. World Asset Management Inc increased its position in shares of JetBlue Airways Corporation by 0.7% during the second quarter. World Asset Management Inc now owns 22,526 shares of the transportation company’s stock valued at $514,000 after purchasing an additional 155 shares during the period. Arcus Capital Partners LLC increased its position in shares of JetBlue Airways Corporation by 1.5% during the first quarter. Arcus Capital Partners LLC now owns 11,665 shares of the transportation company’s stock valued at $240,000 after purchasing an additional 175 shares during the period. M&T Bank Corp increased its position in shares of JetBlue Airways Corporation by 0.9% during the second quarter. M&T Bank Corp now owns 19,383 shares of the transportation company’s stock valued at $442,000 after purchasing an additional 181 shares during the period. Public Employees Retirement Association of Colorado increased its position in shares of JetBlue Airways Corporation by 2.8% during the second quarter. Public Employees Retirement Association of Colorado now owns 10,497 shares of the transportation company’s stock valued at $240,000 after purchasing an additional 283 shares during the period. Finally, Cubist Systematic Strategies LLC increased its position in shares of JetBlue Airways Corporation by 2.8% during the second quarter. Cubist Systematic Strategies LLC now owns 11,310 shares of the transportation company’s stock valued at $258,000 after purchasing an additional 310 shares during the period. Institutional investors and hedge funds own 84.53% 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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