JetBlue Airways Corporation (NASDAQ:JBLU) had its target price lifted by equities researchers at Cowen and Company from $21.00 to $22.00 in a research note issued on Thursday. The firm presently has a “market perform” rating on the transportation company’s stock. Cowen and Company’s target price points to a potential upside of 7.16% from the company’s previous close.

A number of other research analysts have also recently issued reports on JBLU. BidaskClub cut shares of JetBlue Airways Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, June 20th. Bank of America Corporation lifted their price objective on shares of JetBlue Airways Corporation from $27.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, June 30th. Zacks Investment Research raised shares of JetBlue Airways Corporation from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research note on Wednesday, July 12th. Morgan Stanley reissued an “equal weight” rating on shares of JetBlue Airways Corporation in a research note on Friday, July 14th. Finally, Buckingham Research cut shares of JetBlue Airways Corporation from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $28.00 to $24.00 in a research note on Wednesday, July 26th. Three analysts have rated the stock with a sell rating, eight have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. JetBlue Airways Corporation has a consensus rating of “Hold” and a consensus price target of $25.25.

Shares of JetBlue Airways Corporation (NASDAQ:JBLU) opened at 20.53 on Thursday. The stock has a 50 day moving average price of $19.28 and a 200 day moving average price of $21.33. JetBlue Airways Corporation has a 1-year low of $16.85 and a 1-year high of $24.13. The company has a market capitalization of $6.75 billion, a price-to-earnings ratio of 10.42 and a beta of 0.59.

JetBlue Airways Corporation (NASDAQ:JBLU) last released its quarterly earnings results on Tuesday, July 25th. The transportation company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.08. The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.82 billion. JetBlue Airways Corporation had a net margin of 9.78% and a return on equity of 16.75%. The firm’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.53 earnings per share. Analysts forecast that JetBlue Airways Corporation will post $1.83 earnings per share for the current year.

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In related news, Director Joel Clinton Peterson sold 5,120 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $22.00, for a total value of $112,640.00. Following the transaction, the director now owns 555,062 shares in the company, valued at $12,211,364. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Robin Hayes sold 2,000 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $22.03, for a total transaction of $44,060.00. Following the completion of the transaction, the chief executive officer now owns 406,362 shares in the company, valued at approximately $8,952,154.86. The disclosure for this sale can be found here. In the last 90 days, insiders sold 31,860 shares of company stock worth $646,973. 0.60% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. Curbstone Financial Management Corp lifted its holdings in JetBlue Airways Corporation by 100.0% in the third quarter. Curbstone Financial Management Corp now owns 45,100 shares of the transportation company’s stock valued at $836,000 after buying an additional 22,550 shares during the period. Lord Abbett & CO. LLC lifted its holdings in JetBlue Airways Corporation by 1.1% in the second quarter. Lord Abbett & CO. LLC now owns 513,100 shares of the transportation company’s stock valued at $11,714,000 after buying an additional 5,800 shares during the period. Advisory Services Network LLC lifted its holdings 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. lifted its holdings 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. Finally, National Asset Management Inc. lifted its holdings 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. Institutional investors and hedge funds own 84.48% 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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