JetBlue Airways (NASDAQ:JBLU)‘s stock had its “market perform” rating reissued by Cowen in a research note issued on Tuesday. They currently have a $24.00 price objective on the transportation company’s stock, up from their prior price objective of $22.00. Cowen’s price objective would indicate a potential upside of 8.16% from the stock’s current price.

Other equities research analysts also recently issued research reports about the stock. Stephens assumed coverage on shares of JetBlue Airways in a research report on Wednesday, November 29th. They set an “equal weight” rating and a $22.00 price objective for the company. ValuEngine raised shares of JetBlue Airways from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 23rd. J P Morgan Chase & Co downgraded shares of JetBlue Airways from an “overweight” rating to a “neutral” rating and set a $22.00 price objective for the company. in a research report on Wednesday, November 1st. Zacks Investment Research raised shares of JetBlue Airways from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 15th. Finally, Morgan Stanley lowered their price objective on shares of JetBlue Airways from $24.00 to $23.00 and set an “equal weight” rating for the company in a research report on Thursday, August 17th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. JetBlue Airways presently has a consensus rating of “Hold” and an average target price of $25.16.

Shares of JetBlue Airways (NASDAQ JBLU) traded up $0.11 during mid-day trading on Tuesday, hitting $22.19. 3,725,200 shares of the stock traded hands, compared to its average volume of 5,818,180. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.56 and a quick ratio of 0.56. JetBlue Airways has a 52 week low of $18.05 and a 52 week high of $24.13. The company has a market capitalization of $7,079.88, a P/E ratio of 11.38 and a beta of 0.68.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings data on Tuesday, October 24th. The transportation company reported $0.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.03. JetBlue Airways had a net margin of 9.38% and a return on equity of 15.95%. The company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the prior year, the firm earned $0.58 earnings per share. The firm’s revenue was up 4.7% compared to the same quarter last year. sell-side analysts predict that JetBlue Airways will post 1.74 earnings per share for the current fiscal year.

In other JetBlue Airways news, CEO Robin Hayes sold 2,000 shares of the stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $18.56, for a total value of $37,120.00. Following the completion of the sale, the chief executive officer now owns 402,362 shares in the company, valued at $7,467,838.72. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Joel Clinton Peterson sold 5,120 shares of the stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $18.45, for a total transaction of $94,464.00. The disclosure for this sale can be found here. Insiders have sold 22,785 shares of company stock valued at $448,492 in the last 90 days. 0.60% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the business. M&T Bank Corp lifted its stake in JetBlue Airways by 0.9% in the second quarter. M&T Bank Corp now owns 19,383 shares of the transportation company’s stock valued at $442,000 after acquiring an additional 181 shares during the last quarter. Public Employees Retirement Association of Colorado lifted its stake in JetBlue Airways by 2.8% in 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 acquiring an additional 283 shares during the last quarter. Cubist Systematic Strategies LLC lifted its stake in JetBlue Airways by 2.8% in the second quarter. Cubist Systematic Strategies LLC now owns 11,310 shares of the transportation company’s stock valued at $258,000 after acquiring an additional 310 shares during the last quarter. Arizona State Retirement System lifted its stake in JetBlue Airways by 0.4% in the second quarter. Arizona State Retirement System now owns 140,700 shares of the transportation company’s stock valued at $3,212,000 after acquiring an additional 500 shares during the last quarter. Finally, US Bancorp DE lifted its stake in JetBlue Airways by 2.4% in the second quarter. US Bancorp DE now owns 24,116 shares of the transportation company’s stock valued at $550,000 after acquiring an additional 558 shares during the last quarter. Hedge funds and other institutional investors own 89.86% of the company’s stock.

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JetBlue Airways 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 (NASDAQ:JBLU)

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